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Chinese EV makers' 'do-or-die' moment, Hyundai's US$500 million investment: 7 EV reads

The article from the South China Morning Post discusses the critical juncture for Chinese electric vehicle (EV) manufacturers as they face both opportunities and challenges in the global market. Hyundai Motor Group's announcement of a US$500 million investment in a new EV plant in Saudi Arabia underscores the intensifying competition in the EV sector. This move by Hyundai is part of a broader trend where international automakers are expanding their EV production capabilities. Meanwhile, Chinese EV makers are at a "do-or-die" moment, needing to navigate through issues like trade tensions, particularly with the U.S., where new regulations could impose high tariffs on Chinese EVs. Additionally, the article touches on other EV-related news, including Tesla's price adjustments in China, the potential for a new Tesla factory in India, and the broader implications of these developments for the global EV market dynamics.

Read the Full scmp.com Article at [ https://www.scmp.com/news/world/article/3288175/chinese-ev-makers-do-or-die-moment-hyundais-us500-million-investment-7-ev-reads ]