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I drove Kia's $78,000 EV9 family SUV. It's pricey, but one of the finest EVs money can buy. 

I drove Kia's all-new $78,000 EV9 family SUV. Here are 22 cool features that help it stand out from the crowd.

<keyword id="19906967" type="General" weightage="100" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> is looking to consolidate its position in the <keyword id="20027167" type="General" weightage="20" keywordseo="SUV" source="keywords">SUV</keyword> segment as it marks its entry into the highly competitive mid-size space which is currently dominated by South Korean and Japanese carmakers. The Mumbai-based auto major on Monday launched a midsize SUV coupe <keyword id="20400827" type="General" weightage="20" keywordseo="Curvv" source="keywords">Curvv</keyword> with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August. The model would be competing with the likes of <keyword id="2883300" type="General" weightage="20" keywordseo="Hyundai-Creta" source="Orion">Hyundai Creta</keyword>, <keyword id="7720018" type="General" weightage="20" keywordseo="Kia-Seltos" source="Orion">Kia Seltos</keyword>, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Honda Elevate, among others. "Curvv is being positioned in the fast-growing, mid-size SUV segment, which is roughly 16% of the whole industry (passenger vehicle) size. If translated into numbers, it would be like 7 lakh units a year," Tata Motors Passenger Vehicle MD Shailesh Chandra told PTI in an interaction. The segment is very competitive with various brands having a product already in the market, he noted. Therefore, if one enters this segment so late, then it will have to think of coming up with a slightly differentiated approach, Chandra said. "And that was the thinking behind Curvv, which comes with an SUV coupe body style. We saw that this was gaining popularity globally, especially in the premium or luxury segment," he added. Further, he said: "So we thought, why don't we bring this into the crowded segment as a fresh, refreshing kind of a body style." When asked about sales expectations from the model, Chandra said: "We have come with this model, with the best in class features. It's a differentiated product in this and therefore we think it is going to perform well." He noted that Tata Motors currently has a market share of around 19% in the SUV segment and expects the new model to help it grow further. "We'll gain from where we are. The market leader in SUVs would be, say, 21-22 %, so it's a crowded segment. It's not that one player is holding the roost here. "All the top 3-4 players in SUVs are around the same market share figure," Chandra said. He noted that the company is also looking to enhance its dealer network by around 10-15 % in the next one year. "We have a very aggressive plan of expanding dealerships. We will need to have an enhanced network. We will have to make them bigger, also in size. And therefore, for EVs, we have started separation of the outlets. So there will be expansion in touchpoints, not only on the sales side, but big time on the service side as well," Chandra said. <keyword id="20400828" type="General" weightage="20" keywordseo="tata-curvv" source="keywords">Tata Curvv</keyword> comes with two petrol and a diesel engine option. "The introduction of the Curvv further enhances our SUV portfolio as a comprehensive mid-SUV product with multiple powertrains, several first-in-segment features, a brand new capable architecture - ATLAS and Level 2 ADAS," Chandra said. Besides Curvv, Tata Motors sells models like Punch, Nexon, Harrier and Safari in the domestic market.

Tata Motors eyes gains in SUV space as it drives in its Curvv

<keyword id="434999" type="General" weightage="50" keywordseo="hyundai-motor-group" source="Orion">Hyundai Motor Group</keyword> said on Monday it will utilise 7.8 trillion won ($5.9 billion) worth of reservation money held by its overseas operations to push forward the group's planned investments in domestic electric vehicle (EV) plants. <keyword id="70910" type="General" weightage="80" keywordseo="hyundai-motor" source="Orion">Hyundai Motor</keyword>, its smaller affiliate <keyword id="6372046" type="General" weightage="80" keywordseo="kia" source="Orion">Kia</keyword> and auto parts maker <keyword id="596" type="General" weightage="100" keywordseo="hyundai" source="Orion">Hyundai</keyword> Mobis will receive $2.1 billion, $3.3 billion and $200 million, respectively, from their operations in the US and Europe in the form of dividends, the group said in a statement. Hyundai Motor said it will also receive dividends from its Indian operations, reports Yonhap news agency. "The dividends from their overseas operations will help the three companies cut back on bank loans, which will enhance their financial status and will allow them to make an aggressive investment (in EV plants)," the statement said. The group's overseas operations, including Hyundai Motor America, Hyundai Motor India, <keyword id="17681423" type="General" weightage="50" keywordseo="hyundai-motor-manufacturing-czech" source="Orion">Hyundai Motor Manufacturing Czech</keyword>, Kia America, Kia Europe and Kia Slovakia SRO, posted improved earnings results in the 2021-2022 period despite the COVID-19 pandemic. Hyundai Motor plans to complete a 150,000-unit-a-year EV plant in its main Ulsan plant, 299 kilometers southeast of Seoul, by 2025. In April, Kia began the construction of a 150,000-unit-a-year EV plant inside its existing factory in Hwaseong, just south of Seoul, with a goal to start production in late 2025. In the same month, the Korean automotive group announced it will invest 24 trillion won in its domestic EV plants and other EV projects by 2030. The three affiliates will collectively make the investment to help the group become the world's No. 3 EV maker in terms of sales by 2030. The companies plan to spend most of the planned investments in expanding their existing EV production lines, developing future mobility parts and technologies, establishing EV infrastructure and exploring new EV business opportunities. Hyundai Motor and Kia plan to release a total of 31 battery-powered EV models by 2030, including the Kia EV9 this month and the Hyundai IONIQ 7 next year. Hyundai Motor and Kia have set a combined sales goal of 7.52 million units this year, up 9.8 percent from the 6.85 million units they sold last year. The two together form the world's third-largest carmaker by sales after Toyota Motor Corp. and Volkswagen Group. On top of the domestic EV plants, the group is building a 300,000-unit-a-year EV and battery plant in the U.S. state of Georgia, with a goal to start production in the first half of 2025. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/markets/news/stock-markets-snap-two-day-falling-streak-it-oil-shares-advance/articleshow/100937567.cms">Stock markets snap two-day falling streak; IT, oil shares advance</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/with-international-travel-on-the-rise-indian-aviation-regulator-eases-norms-for-carriers/articleshow/100937433.cms">With international travel on the rise, Indian aviation regulator eases norms for carriers</a>

Hyundai to utilise $5.9 billion in overseas operations' money for EV investments

Kia revealed a 3-row electric SUV with swiveling seats and a futuristic design &mdash; see the EV9

<ul class="summary-list"><li>Kia unveiled its latest electric SUV. </li><li>The compact EV5 will go on sale in China later this year. </li></ul>Kia is on a roll. The Korean brand just revealed its second <a target="_blank" href="https://www.businessinsider.com/coolest-electric-cars-ev-tesla-cybertruck-chevy-bmw-kia-ev9-2023-8">new electric SUV</a> this year — and it's a stunner.The EV5, unveiled at an auto show in China on Friday, will have two rows, a sleek interior, and all the flashy design elements Kia is now known for in the electric-vehicle era.<div type="image" title="A blue Kia EV5 electric SUV against a blue background. " height="1350" width="2400" msid="103072965" hostid="261" sizebytes="48388"></div>It has the same boxy styling and slim lights as the brand's larger, three-row <a target="_blank" href="https://www.businessinsider.com/kia-electric-suv-ev9-revealed-three-row-telluride-photos-2023-3">EV9</a>. Flush-mounted door handles and chunky wheels add to the futuristic look.<div type="image" title="The beige interior of the Kia EV5 SUV. " height="1350" width="2400" msid="103072967" hostid="261" sizebytes="120646"></div>All of the Hyundai Group's <a target="_blank" href="https://www.businessinsider.com/best-electric-car-reviews-ev-2023-8">latest EVs</a> have basically put industry-leader <a target="_blank" href="https://www.businessinsider.com/elon-musk-emails-all-tesla-staff-to-complain-about-cybertruck-2023-8">Tesla</a> to shame with bold, forward-thinking designs — just look at the <a target="_blank" href="https://www.businessinsider.com/favorite-electric-vehicles-porsche-tesla-hyundai-mercedes-bmw-rivian-2023-4">Hyundai Ioniq 5</a>, <a target="_blank" href="https://www.businessinsider.com/kia-ev6-gt-electric-suv-review-tesla-rival-2023-2">Kia EV6</a>, and <a target="_blank" href="https://www.businessinsider.com/genesis-gv60-review-kia-ev6-hyundai-ioniq-5-tesla-y-2023-8">Genesis GV60</a>. The EV5 is no exception.<div type="image" title="A blue Kia EV5 electric SUV against a blue background. " height="1350" width="2400" msid="103072969" hostid="261" sizebytes="48056"></div>The interior looks spacious and modern. The passenger seat extends over the center console area, creating what almost looks like a bench seat. But it doesn't look like there's an extra seatbelt, so we'll have to wait and see what Kia's intention there is.<div type="image" title="The beige interior of the Kia EV5 SUV. " height="1350" width="2400" msid="103072971" hostid="261" sizebytes="115550"></div>Just like in the EV9, drivers will get a little dedicated touchscreen panel for controlling the climate settings, which is a nice touch.<div type="image" title="The beige interior of the Kia EV5 SUV. " height="1350" width="2400" msid="103072973" hostid="261" sizebytes="93614"></div>Kia hasn't mentioned any of the EV5's specs yet. But based on Kia's other offerings, it'll likely offer ultra-fast charging and around 300 miles of range in some trims.<div type="image" title="A blue Kia EV5 electric SUV against a blue background. " height="1351" width="2400" msid="103072974" hostid="261" sizebytes="39540"></div>The EV5 will go on sale in <a target="_blank" href="https://www.businessinsider.com/cheap-chinese-electric-cars-will-upend-the-us-vehicle-market-2023-5">China</a> later this year, before launching in "select global markets," Kia said. It hasn't said whether or not the EV5 is coming to the US yet.

Kia revealed yet another awesome-looking electric SUV — and it's headed to China first

<ul class="summary-list"><li>Kathleen Goforth went on a 9-day road trip to the Carrizo Plain National Monument, California.</li><li>The monument didn't have any EV chargers for her Tesla Model Y within more than 50 miles.</li></ul>Kathleen Goforth said she took her <a href="https://www.businessinsider.com/tesla-owner">Tesla Model Y</a> on a 9-day road trip through a rural area and had to get creative at one point when it came to charging.Goforth, a climate-action advocate, detailed her experience traveling to the Carrizo Plain National Monument with her husband in a <a href="https://www.acterra.org/blog/2023/7/25/all-electric-road-trip">blog post on Acterra</a>, an environmental-education nonprofit."It is remote and almost entirely undeveloped – the perfect challenge for planning our first road trip in our new, all-electric Tesla Model Y," Goforth wrote of the Carrizo Plain, a grassland in San Luis Obispo County, California, that is about 50 miles long and 15 miles wide. "There are no services within or anywhere near the Monument – no food, water, gas stations, and, certainly, no EV charging stations. Could we do it?"The Tesla owner said she planned her route ahead of time using a Travelocity filter that allowed her to find hotels with EV chargers and Plugshare's Trip Planner, which helped her plot out charging stations along the way.Goforth said they faced their greatest hurdle once they reached the Carrizo Plain because there were no chargers within at least 50 miles of the location. At their first stop, the couple was able to make use of a Level 2 fast charger, but they had to find other methods to charge at the California Valley Lodge, the only motel that was within 20 miles of the Carrizo Plain National Monument, the Tesla owner said. Goforth said the couple had initially planned to charge using an RV hook-up site near the lodge and were a "little nervous" about how it would work. But, they were told the RV hook-up site was no longer available when they arrived.However, the owner of the lodge told the couple they could use an unused gas station across the street that was also owned by the lodge.<div type="image" title="Kathleen Goforth took her Model Y on a road trip through a rural area and had to use an outlet at an abandoned gas station to recharge at one point." height="1210" width="1613" msid="102339275" hostid="261"></div>"Although the pumps had been removed long ago and the building was vacant, the electricity still worked and there was an exterior outlet we could use," Goforth wrote of the gas station. "It was only a standard 120V outlet, so we would be trickle charging, not supercharging, but that was sufficient to more than replace, overnight, whatever energy we used on our daily excursions around the Monument. I loved the poetic justice of recharging our EV at a defunct gas station!"A trickle charge adds only a few miles an hour to the car's battery life, while a Level 2 charger can charge an EV to 80% from four to 10 hours, according to the <a href="https://www.transportation.gov/rural/ev/toolkit/ev-basics/charging-speeds" target="_blank" rel="noopener">Department of Transportation.</a> The couple relied on the old gas station to replenish their car for two days while they explored the surrounding area and later used a Level 2 charger and Tesla Supercharger to finish their trip and eventually travel home, Goforth said.In the blog post, Goforth said she traveled nearly 1,000 miles and saved on fuel costs."Now that we've experienced how easy, fun, and economical road tripping in an EV can be, we're looking forward to many more all-electric adventures," she wrote.Not all EV owners share Goforth's optimism about charging their vehicles on long road trips. EV owners have shared horror stories about trying to <a href="https://www.businessinsider.com/couple-electric-car-kia-road-trip-charging-range-anxiety-2023-2" rel="">find chargers on long road trips</a>, including a road trip where a Kia EV owner had to <a href="https://www.businessinsider.com/couple-electric-car-kia-road-trip-charging-range-anxiety-2023-2" rel="">stop 12 times to charge</a> at <a href="https://www.businessinsider.com/electric-car-road-trip-highlights-issues-driving-cross-country-charging-2022-6" rel="">slow public chargers</a> and a Mustang Mach-E driver who had to <a href="https://www.businessinsider.com/tesla-owners-hold-advantage-electric-cars-charging-stations-2021-7" rel="">stop at four charging stations</a> while frantically searching for a working one. Earlier this year, another Tesla owner said he faced some "hiccups" on a 6,392-mile road trip but that the carmaker's <a href="https://www.businessinsider.com/tesla-driver-road-trip-using-full-self-driving-autopilot-fsd-2023-1">Autopilot driver assist feature</a> was a "lifesaver." A Hyundai Ioniq 5 EV owner previously told Insider that <a href="https://www.businessinsider.com/electric-car-long-distance-ev-road-trip-what-to-know-2023-6">successful EV road trips</a> needed to be properly plotted out.Some <a href="https://www.businessinsider.com/tesla-owners-share-perks-best-features-electric-car-ev-2023-7">Tesla owners say they have a distinct advantage</a> when it comes to navigating longer journeys because of the company's ultrafast Superchargers and Tesla's internal navigation system, which helps owners plot paths with multiple charging sites.An Acterra spokesperson said the organization was working to "dispel the idea that EVs are out of reach for some because of cost, believing that EVs are truly for everyone."Update August 1, 2023: This story has been updated to clarify the California Valley Lodge owned the gas station where the couple charged their Tesla and recommended it as a solution for their charging needs.Do you own an electric car or work at Tesla? Reach out to the reporter from a non-work email at gkay@insider.com

A Tesla owner says she made a 9-day rural road trip through a town without an EV charger by trickle charging from an outlet at an abandoned gas station

<keyword id="596" type="General" weightage="100" keywordseo="hyundai" source="Orion">Hyundai</keyword> Motor on Monday launched the N brand's first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain in July, comes with an 84 kWh battery pack and can accelerate from zero to 100 kph in 3.4 seconds, the company said in a statement. The new model represents a new segment of driver-focused high-performance EVs since it boasts advanced cornering and racetrack capabilities as an everyday sportscar, reports Yonhap news agency. It is priced at $58,000 after individual consumption taxes and tax benefits given to environment-friendly vehicles. It can travel about 350 kms on a single charge, the statement said. Ioniq 5 N combines the standard Ioniq 5 model's electric global modular platform (E-GMP) with N's motorsport-bred technologies. E-GMP is Hyundai Motor Group's dedicated EV platform. Hyundai's Ioniq 5 and Ioniq 6 are built on the E-GMP platform, with the same platform-based Ioniq 7 set to be released next year. Hyundai's independent Genesis brand's GV60 SUV, and its smaller affiliate Kia Corp.'s EV6 and EV9 SUVs also share the E-GMP platform. The maker of Sonata sedans and <keyword id="141245" type="General" weightage="50" keywordseo="santa-fe" source="Orion">Santa Fe</keyword> SUVs plans to invest 109.4 trillion won by 2032 to secure a leading position in the global future mobility market, while aiming to sell 1 million pure electric models by 2030. Hyundai's first dedicated EV factory, the 300,000-unit-a-year Hyundai Motor Group Metaplant America in Georgia, the U.S., is under construction with a goal to start operations in the second half of 2024. Another EV-dedicated plant is being built in Korea with the aim of starting production in 2025. The N models bring full performance capability to daily driving, while the <keyword id="10035310" type="General" weightage="50" keywordseo="n-line" source="Orion">N Line</keyword> brings performance-inspired elements to base model vehicles. The N Line models sit between Hyundai's high-performance N brand and the general Hyundai brand. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/royal-enfield-launches-2023-bullet-350-with-a-new-engine-starting-at-1-74-lakh/articleshow/103287993.cms">Royal Enfield’s Bullet 350 rides in a new avatar with a legacy essence</a> <a href="https://www.businessinsider.in/tech/news/iphone-15-series-apple-watch-and-airpods-pro-expected-in-upcoming-apple-event/articleshow/103238563.cms">Apple set to launch new iPhone, watch &amp; AirPods Pro on Sept 12 – Here’s what we know so far</a> <a href="https://www.businessinsider.in/tech/mobile/news/honor-to-re-enter-the-indian-market-with-the-honor-90-smartphone-in-september/articleshow/103138615.cms">Honor to re-enter the Indian market with the Honor 90 in September</a>

Hyundai launches N brand's 1st EV model Ioniq 5 N

It's Wednesday, readers. I'm Paayal Zaveri, and I'm getting tired of the rain. In California <a href="https://www.insider.com/southern-california-more-snow-than-nyc-philly-nws-says-2023-2">we've had a few months of heavy rain</a>, and the San Francisco Bay Area is getting hit with another storm as I write this.I grew up here and can't remember <a href="https://www.insider.com/atmospheric-river-definition-term-has-becomes-part-of-lexicon-2023-1">ever seeing this much rain</a>. But I know California desperately needs it <a href="https://www.insider.com/california-weather-whiplash-floods-drought-getting-worse-atmospheric-rivers-2023-1">after decades of drought</a>. So I'm eagerly waiting for the day when the weather is nice enough to enjoy a day outside.Until then, I'll daydream about <a href="https://www.insider.com/indonesia-bali-tourist-mistake-travel-guide-local-tips-2023-3">visiting warmer places</a> and watch<a href="https://www.insider.com/gilmore-girls-stars-where-are-they-now-years-later-photos"> "Gilmore Girls" for the hundredth time</a>. <a href="https://twitter.com/paayalzaveri" target="_blank" rel="noopener">Let me know</a> if you have any other cold weather show recommendations. Now onto today's tech news.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app <a href="https://link.insider.com/click/27645591.160803/aHR0cHM6Ly93d3cuaW5zaWRlci5jb20vYXBwP25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/62667762063d6b9bef0cffb3Bf9c9aa56" target="_blank" rel="noopener">here.</a><a href="https://www.businessinsider.com/lucid-layoffs-hundreds-workers-employees-all-hands-meeting-memo-2023-3"></a>1. Lucid, a Tesla rival, is planning layoffs. The EV startup is planning to lay off hundreds of employees, my colleague <a href="https://www.businessinsider.com/author/alexa-st-john">Alexa St. John</a> reported. About 18% of Lucid's workforce, or over 1,000 people, will be impacted. <ul><li>Lucid has had a challenging few months, as it works to nail down manufacturing and production and get cars on the roads. Now layoffs are another hurdle. </li><li>It's not the only EV company that's struggling. Rivian has also struggled with production. Some <a href="https://www.businessinsider.com/rivian-earnings-wall-street-expectations-customers-production-delays-tesla-competitor-2023-3">customers are waiting years</a> for their vehicle deliveries. It's another sign of how <a href="https://www.businessinsider.com/hopeful-ev-buyers-place-bets-on-multiple-companies-2023-3">difficult it is for EV startups to break through Tesla's dominance</a> of the market. </li><li>An internal memo from Lucid said employees would get details about the layoffs over the next three days. It also said the cuts will be company-wide, including at the executive level. </li></ul><a href="https://www.businessinsider.com/lucid-layoffs-hundreds-workers-employees-all-hands-meeting-memo-2023-3">Read about Lucid's challenges, and why it's conducting layoffs. </a>In other news:<a href="https://www.businessinsider.com/disney-ditching-metaverse-plans-laid-off-entire-team-report-2023-3"></a><div type="image" title="Disney logo" height="3333" width="4444" msid="99090477" hostid="261" sizebytes="188232"></div>2. Disney is ditching the metaverse. Disney is the latest company to abandon its metaverse plans. It reportedly laid off its entire interactive storytelling team, as part of a broader restructuring. <a href="https://www.businessinsider.com/disney-ditching-metaverse-plans-laid-off-entire-team-report-2023-3">Read why it's shutting down its metaverse just a year in.</a>3. TikTok's Project Texas is far from done. In response to national security concerns regarding where TikTok's US user data is stored, the company enacted Project Texas. It's a plan where TikTok says it will route US user data into Oracle servers. My colleague Dan Whateley <a href="https://www.businessinsider.com/tiktok-us-user-data-storage-project-texas-privacy-security-2023-3">looked into why it's taking years to complete.</a>4. Tesla under investigation. Tesla is under investigation by the National Highway Traffic Safety Administration over concerns of seat belts disconnecting on their own. The inquiry covers Model X SUVs from 2022 and 2023. <a href="https://www.businessinsider.com/tesla-investigated-concerns-seat-belts-disconnect-safety-nhtsa-2023-3">Read about what prompted the investigation.</a>5. Meta continues its "year of efficiency." Facebook parent company Meta is lowering bonus pay for lower-performing employees and reverting to two performance reviews a year. More layoffs are also on the way. <a href="https://www.businessinsider.com/meta-lowers-bonus-payouts-reverts-bi-annual-performance-reviews-2023-3">It's all part of the firm's cost cutting plans.</a>6. Microsoft layoffs hit security org. Microsoft's security team was hit with layoffs, according to an internal email from exec Charlie Bell, my colleague <a href="https://www.businessinsider.com/author/ashley-stewart">Ashley Stewart</a> reported. Security is a key area of investment for Microsoft, but has been slowed by the tech downturn. <a href="https://www.businessinsider.com/microsoft-layoffs-charlie-bell-confirms-security-job-cuts-internal-email-2023-3">Read more</a>. 7. Investors are flocking to a new AI technology. Investors are excited about a new AI category called vector databases. These tools help search the actual content of text, images, and videos. <a href="https://www.businessinsider.com/chroma-weaviate-pinecone-raise-funding-a16z-index-vector-database-ai-2023-3">Read about the startups creating this new technology.</a>8. From sports star to investing. Professional runner Vanessa Fraser has a new gig — working at legendary venture capital firm Benchmark. My colleague <a href="https://www.businessinsider.com/author/samantha-stokes">Samantha Stokes</a> talked to her about how she got there, and <a href="https://www.businessinsider.com/nike-professional-runner-vanessa-fraser-vc-firm-benchmark-2023-3">how she balances a Nike sponsorship with her day job at the VC firm</a>.Odds and ends:<a href="https://www.businessinsider.com/electric-car-charging-non-tesla-at-supercharger-kia-2023-3"></a><div type="image" title="The Kia Niro EV charges at a Tesla Supercharger in Brewster, NY." height="1148" width="1531" msid="99090480" hostid="261" sizebytes="248938"></div>9. Elon Musk could change EV charging for everyone. Insider's Tim Levin tested out charging a KIA EV at a former Tesla supercharger that's open to all EVs. <a href="https://www.businessinsider.com/electric-car-charging-non-tesla-at-supercharger-kia-2023-3">Here's why he says this could be game changing.</a>10. Bosses, remember to praise your employees. Feeling blah at work these days? You're not alone. A recent Gallup survey found more people than ever before are disengaged from their jobs right now. <a href="https://www.businessinsider.com/boss-manager-positive-feedback-employee-appreciation-work-quit-job-2023-3">But here's a simple thing bosses can do to help</a>. What we're watching today:<ul><li>Shoptalk is this week in Las Vegas. It's a huge conference for <a href="https://shoptalk.com/us/speakers" target="_blank" rel="noopener">retailers and ecommerce</a>. Speakers from Amazon, Target, Wayfair, and other large ecommerce companies will be there. </li><li>"Avatar: The Way of Water" is <a href="https://www.businessinsider.com/guides/streaming/how-to-watch-avatar-the-way-of-water">now available to stream at home</a>. </li></ul>Curated by Paayal Zaveri in San Francisco. (Feedback or tips? Email <a href="mailto:pzaveri@insider.com" target="_blank" rel="noopener">pzaveri@insider.com</a> or tweet <a href="https://twitter.com/paayalzaveri" target="_blank" rel="noopener">@paayalzaveri</a>) Edited by Matt Weinberger (tweet <a href="https://newsletter.businessinsider.com/click/30965283.83325/aHR0cHM6Ly90d2l0dGVyLmNvbS9nYW1vaWQ_bnJfZW1haWxfcmVmZXJlcj0xJnV0bV9zb3VyY2U9U2FpbHRocnUmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY29udGVudD0xMF90aGluZ3NfdGVjaA/5d8bb17552ba1e0cb5417572B6aac3e97" target="_blank" rel="noopener">@gamoid</a>) in San Francisco and Hallam Bullock (tweet <a href="https://newsletter.businessinsider.com/click/30965283.83325/aHR0cHM6Ly90d2l0dGVyLmNvbS9oYWxsYW1fYnVsbG9jaz9ucl9lbWFpbF9yZWZlcmVyPTEmdXRtX3NvdXJjZT1TYWlsdGhydSZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jb250ZW50PTEwX3RoaW5nc190ZWNo/5d8bb17552ba1e0cb5417572B5445a28d" target="_blank" rel="noopener">@hallam_bullock</a>) in London.

Tesla rival Lucid plans layoffs, as manufacturing and production challenges mount for EV startups

<keyword id="16043422" type="General" weightage="100" keywordseo="jupiter-electric-mobility" source="Orion">Jupiter Electric Mobility</keyword> on Thursday launched two commercial electric vehicles which will hit the markets by mid of this year. The company is a subsidiary of Jupiter Wagons Ltd (<keyword id="13148082" type="General" weightage="80" keywordseo="jwl" source="Orion">JWL</keyword>), manufacturer of wagons, high-speed brake systems, and railway and engineering equipment. The company has formed a joint venture with EA GreenPower Pvt Ltd, a wholly-owned subsidiary of GreenPower Motor Company Inc, a publicly listed firm in the US and Canada specialising in electric commercial vehicles in the passenger transportation and freight transport markets. The two EVs -- <keyword id="16043423" type="General" weightage="80" keywordseo="jupiter-tez" source="Orion">Jupiter TEZ</keyword> (2.2 ton) and EV STar CC (7 ton) -- will help meet the pressing needs of the country, JWL managing director <keyword id="2964275" type="General" weightage="80" keywordseo="vivek-lohia" source="Orion">Vivek Lohia</keyword> said at the <keyword id="13421246" type="General" weightage="20" keywordseo="auto-expo-2023" source="Orion">Auto Expo 2023</keyword> here. "By the middle of this year, it will be ready to hit the roads," he said. The company did not disclose the prices. While Jupiter TEZ is completely manufactured in India, EV Star CC is coming out from China, he added. The 2.2 ton vehicle can be charged in 20 minutes and it can go up to 100 kilometres in a single charge, he added. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/maruti-suzuki-has-unveiled-the-five-door-jimny-and-the-fronx-crossover-at-the-auto-expo-2023/slidelist/96933646.cms">Auto Expo 2023: Maruti Suzuki unveils Jimny and Fronx – bookings now open</a> <a href="https://www.businessinsider.in/business/auto/news/auto-expo-2023-upcoming-electric-cars-and-bikes-in-india-in-2023/slidelist/96929819.cms">Auto Expo 2023: Upcoming electric cars and bikes in India in 2023</a> <a href="https://www.businessinsider.in/business/auto/news/kia-showcases-concept-ev9-electric-car-with-solar-panels-carnival-ka4-mpv/slidelist/96908322.cms">Kia showcases Concept EV9 electric car with solar panels, Carnival KA4 MPV</a>

Auto Expo 2023: Jupiter Electric Mobility launches two commercial EVs

<ul class="summary-list"><li>Amazon-backed <keyword id="7067009" type="UNKNOWN" weightage="60" keywordseo="rivian" source="Orion">Rivian</keyword> is targeting a valuation above $60 billion in its upcoming <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo" source="Orion">IPO</keyword>.</li><li>The electric-vehicle startup aims to raise as much as $9.6 billion in its market debut next week.</li></ul>Rivian, an electric-vehicle startup backed by <keyword id="11893181" type="UNKNOWN" weightage="60" keywordseo="amazon" source="Orion">Amazon</keyword>, is targeting a market valuation as high as $60 billion when it makes its US market debut next week.The Irvine, California-based company plans to offer 135 million of its Class A shares priced between $57 and $62 per share, it said in an <a href="https://www.sec.gov/Archives/edgar/data/0001874178/000119312521315537/d157488ds1a.htm">SEC filing</a> Monday. At the top end of that range, Rivian could raise $8.4 billion from the offering, putting it among the biggest US initial public offerings by funds raised.If underwriters exercise their option to purchase up to 20.25 million additional shares within a 30-day window, the <keyword id="12458754" type="UNKNOWN" weightage="60" keywordseo="ev-maker" source="Orion">EV maker</keyword> could raise a total of $9.6 billion.At the midpoint of the share price range, Rivian's market capitalization comes to about $54.6 billion. This would be more than double its last private valuation of $27.6 billion.Rivian could score a market valuation of more than $60 billion on a fully diluted basis, based on the number of shares outstanding and other restricted stock. The <keyword id="11893543" type="UNKNOWN" weightage="60" keywordseo="ev" source="Orion">EV</keyword> maker is seeking that figure, <a href="https://www.cnbc.com/2021/11/01/rivian-aims-for-60-billion-valuation-in-upcoming-ipo.html">CNBC</a> reported Monday, citing sources.Still, the IPO total will depend on actual investor demand and market conditions before the company's trading debut.At a $60 billion valuation, Rivian could be worth more than other carmakers like <keyword id="12264729" type="UNKNOWN" weightage="60" keywordseo="honda" source="Orion">Honda</keyword>, Kia, and Nissan, which are valued at about $54 billion, $29 billion, and $20 billion, respectively. Its target is also much higher than the roughly <a href="https://techcrunch.com/2010/06/29/tesla-ipo-1-7-billion/">$2 billion valuation</a> Tesla got in its 2010 IPO.Expected to go public next week, Rivian will trade on the Nasdaq under the ticker symbol "RIVN."Rivian said it expects to offer a small portion, or 0.5%, of its shares to retail investors through online brokerage SoFi. Bloomberg reported this would be the <a href="https://twitter.com/sonalibasak/status/1455287275777105921?s=20">first IPO</a> to be offered on the Chamath Palihapitiya-backed fintech.The company expects to produce about 1,200 R1Ts and 25 R1Ss of its electric pickup trucks, and deliver about 1,000 R1Ts and 15 R1Ss by the end of 2021. Having raised $11 billion so far, Rivian has <a href="https://www.businessinsider.com/ev-startup-rivian-next-tesla-rj-scaringe?r=US&amp;IR=T#investors-have-poured-11-billion-into-the-company-2ny-2">fetched more money</a> than any of its rivals. It's also landed an investment and a 100,000 delivery-van order from Amazon, which last week <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1018724/000101872421000028/amzn-20210930.htm">disclosed</a> a 20% stake in the EV-maker.If Rivian manages to score a $60 billion valuation, this implies a huge profit for Amazon. The e-commerce giant's stake would be worth $8.8 billion at the proposed IPO price, based on its $1.34 billion investment.Morgan Stanley, JPMorgan, and Goldman Sachs are the leading underwriters for Rivian's offering. Read More: <a href="https://www.businessinsider.com/donald-trump-dwac-investing-strategy-spac-stocks-to-buy-volatility-2021-10">Trump's $8 billion 'meme SPAC' soared 1,300% in 2 days. But 5 experts tell retail investors to be cautious, given the concerns about volatility and the business case for a conservative social-media platform.</a>

Amazon-backed Rivian is targeting an IPO valuation above $60 billion. That could make the EV startup more valuable than Honda.

On the first day of the Auto Expo 2023, <keyword id="596" type="General" weightage="100" keywordseo="hyundai" source="Orion">Hyundai</keyword> Motor <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> launched another electric model, the '<keyword id="3197587" type="General" weightage="80" keywordseo="ioniq" source="Orion">Ioniq</keyword> 5', which when fully charged will run up to 631 km. The EV is underpinned by the E-GMP platform that also underpins the Kia EV6 which is already on sale in India, and the Ioniq 5 also gets Level 2 ADAS features. The introductory price of Ioniq 5 is Rs 44.95 lakhs (ex-showroom) and will be available in 3 colour options -- White, Black and an exclusive Matte Silver. <keyword id="12755813" type="General" weightage="50" keywordseo="unsoo-kim" source="Orion">Unsoo Kim</keyword>, Hyundai Motor India MD and CEO, while launching the model said that the EV represents the company's shift towards future mobility with tenets that encapsulate intelligent technology, innovation and sustainability. On the first day of the gala event, Bollywood superstar <keyword id="1671" type="General" weightage="50" keywordseo="shah-rukh-khan" source="Orion">Shah Rukh Khan</keyword>, the brand ambassador of Hyundai, also arrived at the launch of Ioniq 5. Khan, while joking, said that whenever he will come to Delhi, he will take the Hyundai's electric car home for free. Powering the Ioniq 5 is an electric motor that produces 215bhp and 350Nm of torque, mated to a 72.6 kWh battery pack. In the EV's interior, eco-processed leather is the upholstery option on offer, and like any Hyundai, it is loaded to the gills with features and connected car tech. There is a Bose sound system with 8 speakers along with the 12.3-inch touchscreen infotainment system that has support for OTA updates. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/hyundai-launched-the-all-electric-suv-ioniq-5-starting-at-449500-in-india/slidelist/96905388.cms">Hyundai launched the all-electric SUV IONIQ 5 starting at ₹4,49,500 in India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/kia-showcases-concept-ev9-electric-car-with-solar-panels-carnival-ka4-mpv/slidelist/96908322.cms">Kia showcases Concept EV9 electric car with solar panels, Carnival KA4 MPV</a>

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