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Industry
GM indefinitely halts next-generation electric pickup and SUV revamp
General Motors has indefinitely suspended its plan to revamp its lineup of large electric pickups and SUVs. The move clouds what comes after the current Chevrolet Silverado EV, GMC Sierra EV, Hummer EV and Cadillac Escalade IQ. GM has not disclosed any potential plans or timing for a next-generation battery-electric pickup and said it would not respond to speculation. The company has increased production of gasoline heavy-duty pickups.
Mobility
Integrated X-Range C15 powertrain system converts EVs to hybrids
Horse Powertrain, a joint venture between Renault and Geely Automobile, unveiled an integrated powertrain system that can convert EVs into hybrids, plug-in hybrids and extended-range EVs while keeping an EV-only platform. InsideEVs reported the company introduced the X-Range C15 Direct Drive, designed to replace a rear electric motor and reduce structural changes and investment. The unit integrates a gasoline engine, transmission and two motors, supports all-wheel drive and can add power electronics options.
Mobility
EV competitiveness increasingly hinges on supply chains as battery recycling, low-carbon materials shift accelerates
Electric vehicles are changing the auto industry’s supply-chain structure faster than internal-combustion models, with clearer momentum in battery recycling and reuse, the use of low-carbon steel and aluminium, and responsible sourcing of battery minerals. A new leaderboard noted automakers moving toward cleaner, more transparent supply chains. Regulation and consumer demand are pushing the trend, while some problems such as coal-based steel and labour issues persist. Companies are starting to market supply chains as a competitive edge.
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Mobility
Surging fuel prices boost global EV sales but U.S. supply constraints limit growth
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Industry
U.S. asks Ford, GM if they can boost arms output over EVs
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Crypto
Bitcoin rebounds to $74,000 as Hormuz blockade begins
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Industry
Battery recycler Ascend Elements files for bankruptcy protection
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Mobility
Toyota adds standard anti-theft and safety features to Land Cruiser 250 gasoline model
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Finance
High oil prices, weak won and rising prices put Bank of Korea monetary policy at crossroads
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General News
Brent crude surges more than 60 percent in March on Hormuz closure shock, biggest rise since 1988
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General News
March consumer prices rise 2.2 percent; oil products jump 9.9 percent amid Middle East shock
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Mobility
Seoul gasoline price tops 1,900 won on third day of second oil price cap
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Industry
Nvidia builds up autonomous driving alliance
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Finance
Naver Pay runs gasoline promotion to ease high oil price burden
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General News
Fuel prices fall nationwide after oil price cap takes effect; gasoline at 1,893 won
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Finance
Iran-led oil shock sends KOSPI tumbling; watch oil price direction
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Finance
NongHyup to spend 30 billion won on emergency tax-free fuel and gas station discounts
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Industry
South Korea government launches emergency check on real economy over Iran crisis