Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Nvidia Eyes $3 Billion Investment in SoftBank-Backed AI Data Center 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Add as a preferred source on Google
Hyundai Motor Co. will set up its first electric vehicle (EV)-dedicated manufacturing plant on the test driving site of its Ulsan plant.
According to South Korea's top automaker, the site was chosen as the best location due to the need to realize the layout of the new plant, including the application of new techniques.
As a result, existing facilities such as test tracks and solar power facilities will be relocated to other areas of the Ulsan plant.
To meet global EV market demand, Hyundai Motor plans to break ground on a dedicated EV plant in 2023, with mass production beginning in 2025.
Hyundai also intends to gradually promote the rebuilding of existing production lines in order to optimize production volume at its domestic plants.
Last month, Hyundai reached an agreement with its labor union to build an exclusive EV plant in the country. At the moment, the Ulsan plant is producing a variety of models, including the all-electric IONIQ 5, Kona EV, and Genesis EV.
