Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Hyundai Motor Co. and affiliate Kia Corp. are aiming to sell a combined 817,000 vehicles in China in 2021, from 664,744 units a year earlier, for a 23 percent on-year gain.
To help reach the goal, Hyundai introduced the second generation of its compact car Mistra, which is exclusively developed for the Chinese market, earlier this month.
The carmaker also plans to launch the electrified Mistra compact and the Nexo hydrogen fuel cell electric car within this year.
Also planned is the launching of the IONIQ 5 in China this year.
The IONIQ 5 is Hyundai's first all-electric model embedded with its EV-only electric-global modular platform (E-GMP).
Meanwhile, Kia will launch the all-new Carnival minivan in China later this year to address ab growing demand for recreational vehicles.
Hyundai and Kia collectively suffered a 27 percent on-year sales decline in China in 2020 due to the impact of a diplomatic dispute between Seoul and Beijing over the deployment of a US anti-missile system in South Korea in 2017.
In 2019, Hyundai suspended production at its top Beijing plant and of low-end compact models to enhance profitability. Kia followed by shutting down the No. 1 Yancheng plant due to lower local demand for its models. The two plants have yet to resume production.
Hyundai plans to build its first overseas hydrogen fuel-cell systems plant in China by next year and produce 6,500 units of hydrogen fuel cell systems a year in its Guangzhou plant.
