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South Korea's Hyundai Motor ends Indonesia aluminium deal after calls by a climate campaigner backed by K-pop fans not to procure supplies of the metal produced using coal power (www.reuters.com)

Hyundai Motor said in a statement on Tuesday that it had ended its non-binding memorandum of understanding (MoU) with Adaro, a unit of Indonesia’s second-largest coal miner Adaro Energy Indonesia, at the end of 2023, adding that the companies had decided to explore other opportunities independently.

Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition (www.reuters.com)

The decision represents an abandonment of a longstanding goal that Tesla chief Elon Musk has often characterized as its primary mission: affordable electric cars for the masses. His first “master plan”, opens new tab for the company in 2006 called for manufacturing luxury models first, then using the profits to finance a...

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