hyundai

Saudi Arabia Transfers Aramco Shares Worth $80 Billion To State Fund

Estimates of long-run production charges for Saudi crude oil vary somewhat in the open literature, but a widespread figure is about $9 per barrel, or 18 % of the assumed $50 cost. If we assume that same 18 percent price figure for all Aramco production — that is a conservative quantity, as the mere price of the crude oil applied to make refined products would be practically 70 % of the $72 price tag — net revenues would be about $126 billion per year. Saudi Aramco has announced its intention to sell up to 5 % of itself to investors...

Hyundai Motor To Support Hyundai Department Stores Duty-Absolutely Free Bid

Of specific significance in strengthening its position in the EV field is the improvement of its E-GMP (Electric-Worldwide Modular Platform), a dedicated battery electric automobile platform, which is shared amongst the Hyundai, Genesis and Kia brands. The Ioniq five, Hyundai’s first model primarily based on this platform, will be launched in the Korean, European and U.S. markets in 2021. The Hyundai Motor Group plans to introduce 23 EV models by 2025 or 2026, promoting slightly far more than 1 million a year . To ensure it continues to lead in the provision of mobility options, Hyundai Motor Group will establish...