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Hyundai’s e-vehicle push, what Nobel laureates teach us about failure, and more top news

Source | LinkedIn | LinkedIn Daily Rundown (Asia)

Hyundai is pumping 41 trillion won (US$35 billion) into “future mobility technology”, including autonomous vehicles. The automaker, which recently unveiled a team to research flying cars, plans to have 23 kinds of electric vehicles by 2025. South Korea’s government is also on board: it plans to revamp the country’s highways and invest 1.7 trillion won between 2021 and 2027 in self driving technology. Hyundai is expected to sell to fleet customers by 2024 but experts say the timeline may be unrealistic given the technological and cost challenges involved • Join the conversation.

Failure is the mother of success — take it from many a Nobel Laureate who started their careers facing rejection, the AP reports. Peter J Ratcliffe, one of this year’s medicine winners, was turned down in 1992 by the prestigious Nature journal. Celebrated writer Ernest Hemingway, who won the literature prize in 1954, had his 1926 novel The Sun Also Rises called “both tedious and offensive.” Nobel season wrapped up this week. Asian winners include Japan’s Akira Yoshino for chemistry and Indian-born Abhijit Banerjee.• Join the conversation.

Full bullet train service connecting Tokyo to central Japan will remain down for a few weeks after flooding from Typhoon Hagibis. Toyota resumed production Monday at three plants, while several factories in Fukushima had no signs of reopening as of Tuesday. Central Fukushima and Nagano prefectures were hard-hit with many homes destroyed, though central Tokyo is mostly back to business as usual, the Washington Post reports. Rescuers have been working around the clock as the national death toll rises to over 74 people. • Join the conversation. 

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