South Korea’s leading automakers are doubling down on their efforts to cut EV costs with new battery tech. Hyundai and Kia are teaming up to develop LFP battery materials to power up lower-priced EVs.
Why is it important? For years, Tesla’s CEO has been promoting the idea of affordable EVs costing $25,000, but the company scrapped that project in 2024, in favor of working on the robotaxi platform ...
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