EV Industry Updates: Tesla, Hyundai, Kia, NIO, and Volvo

Tesla's Elon Musk has been successful in convincing shareholders regarding his multibillion-dollar payout, yet it's unclear if he will have the same success in Delaware courts In other news, Hyundai and Kia are making significant investments in North American manufacturing, with plans to build the new low-cost EV3 in Mexico leveraging the US electric vehicle tax credit Additionally, Kia's comparison highlights that their AWD Telluride costs substantially more in fuel over the same distance as the electric EV9. Meanwhile, NIO is increasing production capabilities for its innovative 650-mile range solid-state EV Volvo also celebrated a major victory at Le Mans, underscoring their prominence in auto racing.