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Hyundai reported selling approximately 16,500 electric vehicles (EVs) globally in November, a figure that, while modest for the company’s size, indicates progress in its EV strategy. The recent unveiling of the IONIQ 9 showcased its innovative design, reinforcing Hyundai's commitment to EV leadership. Additionally, Hyundai has partnered with Indian Institutes of Technology to invest $7 million over five years in battery research, aiming to enhance the EV ecosystem in India.
Bluesky has surged to 24 million users following the US election, prompting CEO Jay Graber to emphasize a commitment to maintaining a positive user experience without ads. To monetize, the platform plans to introduce subscription services for enhanced features, although recent growth has delayed this rollout. As Bluesky expands, it has increased its content moderation team from 25 to 100 contractors to manage the influx of users effectively.
Alejandro Agag is set to launch Extreme H, a hydrogen fuel cell racing series, in 2025, following the success of Formula E. The Pioneer 25 race car, engineered by Spark Racing Technology, showcases the potential of hydrogen technology in motorsports, aiming to establish a new standard for eco-friendly racing. While the focus is on motorsports, the initiative also highlights the need for advancements in the green hydrogen supply chain to make it viable for broader applications.
Two European companies, Atmos Space Cargo and Space Cargo Unlimited, are collaborating to conduct microgravity research missions to low Earth orbit, independent of the ISS. Their BentoBox system will support over 100 kg of payloads, with the first mission set for late 2025, following a test flight in April. The initiative aims to overcome challenges associated with human involvement in space research, offering a scalable solution for production and research.
Google Cloud has launched its Veo AI video generator and Imagen 3 image generator on Vertex AI, enhancing its multimodal AI capabilities. Veo, currently in private preview, creates high-definition videos from text or image prompts, while Imagen 3, available next week, offers advanced image editing features. These tools aim to streamline content creation for marketing and advertising, with early adopters like Agoda and Mondelez International already benefiting from reduced production times.
Dylan Field, cofounder of Figma, expressed enthusiasm for the recent semi-parodic relaunch of Enron, noting the appeal of its iconic logo designed by Paul Rand. He believes that his generation may view the brand differently, potentially allowing for a fresh start. Field emphasized the importance of design in helping companies stand out, advocating for tools that elevate creativity rather than just democratizing access.
Kia achieved record sales in November 2024, surpassing 70,000 units for the first time, driven by strong demand for its electrified models, which accounted for 16% of total sales. The EV6 saw a 46% increase in sales year-over-year, while the new EV9 emerged as the brand's top EV seller with 2,155 units sold. Kia also unveiled the high-performance EV9 GT and showcased two electric concepts at the SEMA show, reinforcing its commitment to an electric future despite industry skepticism.
Peter Cannito, Chairman and CEO of Redwire, discusses the company's growth strategies, focusing on strategic acquisitions to enhance technological capabilities and align with national security needs. He emphasizes targeting profitable entities and addresses integration challenges with a playbook-driven approach. Cannito also highlights Redwire's recent expansions in spacecraft platforms to meet defense market demands amid the evolving landscape of the space industry.
The global intumescent coating market is projected to grow from USD 4.1 billion in 2022 to over USD 6 billion by 2026. Meanwhile, the printing inks market is expected to reach USD 25.62 billion by 2029, driven by demand in packaging and textile processing, particularly in the Asia Pacific region. Other markets, including green and bio polyols, thermoplastic elastomers, and water treatment chemicals, are also set for significant growth in the coming years.
NIO reported a 28.9% increase in sales for November 2024, delivering 20,575 vehicles, and a 34.4% rise year-to-date with 190,832 deliveries. The company, which is approaching its 10th anniversary, aims to surpass 200,000 sales this year and is expanding its ONVO brand to attract new buyers while continuing to innovate in the EV market.
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