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Mobility

Hyundai Motor to roll out range-extended EVs in U.S., starting with Santa Fe

Hyundai Motor will begin a full rollout of range-extended electric vehicles in the United States, starting with the three-row Santa Fe SUV and expanding the lineup. The system runs on battery power while a gasoline engine charges the battery by driving a generator. The strategy also includes luxury brand Genesis, with the GV70 seen as a likely early candidate. Hyundai is also aligning production plans around the United States and broader electrification targets through 2030.

Industry

China AI and chipmakers roll out share incentives to retain talent

Chinese AI and semiconductor companies are rolling out large share incentives to prevent key talent from leaving, disclosures show. Plans range from free stock grants to programmes covering most employees. Cambricon Technologies allocated nearly 600,000 shares to 124 staff and granted 5 million shares to 944 employees. Zhongji Innolight awarded 2.48 million shares to 99 people. Tencent and Alibaba are also adjusting compensation systems.

AI & Enterprise

Microsoft to merge consumer and business Copilot in August, cut underused features

Microsoft will merge its consumer and business Copilot products into a single app in August, The Information reported on July 2. A memo sent to employees by Microsoft vice president Jacob Andreou (제이콥 안드레우) said the unified app will include an AI coding tool and a new paid Autopilot agent. Microsoft will discontinue Copilot Podcasts and shut Copilot Labs, while removing features that have not delivered results.