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March 7 (Reuters) - U.S. Democratic Senator Mark Kelly proposed on Friday to suspend the federal gasoline tax of 18.4 cents per gallon until October 1 to help Americans facing rising gas prices due to the U.S.-Israel-Iran conflict. According to data from AAA, a U.S. travel organization that tracks fuel prices, national gasoline prices rose 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices could be detrimental to Trumps Republican allies in the November midterm elections, who are striving to retain their congressional majority. Kelly plans to submit the bill to the Senate next week. If the bill passes, the U.S. Treasury Department will oversee the implementation of the tax suspension to ensure that the saved tax revenue is truly used to lower gasoline prices and benefit consumers.March 7 – According to AFP and other foreign media reports, the White House confirmed on March 6 that US President Trump will attend the handover ceremony for the remains of six US soldiers on March 7. White House spokesman Levitt stated, "Tomorrow he (Trump) will travel to Joint Base Dover to attend the handover ceremony for the remains of six service members killed in the Iranian attack on our forces." The report states that the ceremony will be held at Dover Air Force Base in Delaware, which is responsible for receiving the remains of US soldiers killed overseas.According to Iranian media, an airstrike targeted the area near Freedom Square in downtown Tehran.According to The Economist India: India has instructed refineries to increase liquefied petroleum gas (LPG) production after activating emergency powers.March 7 - The State Council Information Office will hold a briefing at 3:00 p.m. on Saturday, March 7, 2026, inviting Zheng Bei, Vice Chairman of the National Development and Reform Commission, to interpret the "Outline (Draft)" of the 15th Five-Year Plan and answer questions from reporters.

Hyundai Motor will develop South Korea's first EV-specific plant

Charlie Brooks

Jul 12, 2022 11:05



Hyundai Motor Co. plans to construct its first dedicated electric vehicle (EV) manufacturing facility in South Korea by 2025, according to the automaker's union, which cited the company's CEO.


Hyundai Motor Group, which consists of Hyundai Motor and Kia Corp, announced in May its aim to invest 48.07 billion dollars in South Korea between now and 2025.


Hyundai Motor was unable to quickly comment. According to a statement published by the union, the promise was made by the company during ongoing salary negotiations.


This month, unionized Hyundai Motor employees in South Korea voted for a potential strike for the first time in four years in reaction to management's emphasis on foreign investment and salary increases.


The announcement comes after South Korea's largest automaker said in May that it planned to invest $5.5 billion in Georgia to build complete EV and battery production facilities.


Hyundai Motor forecasts that construction on the EV facility in Georgia will begin in early 2023, with commercial production commencing in the first half of 2025.