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Publishing date: May 19, 2021 • 1 day ago • 4 minute read •
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(Bloomberg) Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans.
But Waymo must first quell concerns about a recent string of departures that have raised questions about its strategy and the size of its lead in the field.
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Alabama Newscenter — Alabama Plant Part of Hyundai s $7 4 Billion Investment to Build Electric Vehicles : The Alabama Weather Blog
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Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the U.S. as part of a $7.4 billion investment that also covers hydrogen refueling stations and unmanned flying taxis. The investments will be made through 2025, Hyundai said in a statement Thursday. It didn’t specify how much money would go to each area. Hyundai Motor Co. confirmed the EVs will be made at its assembly plant in Montgomery, Alabama. Kia has a factory in West Point, Georgia.
“We’re going to review options, including the expansion of our production facility, after we’ve taken a closer look at market conditions and the U.S. government’s new EV policy,” said Michele Tinson, a U.S.-based spokeswoman for Hyundai. The primary focus for both brands is “ensuring a stable EV supply chain to meet U.S. demand.”