*The Surprising Home Find Khloe Kardashian Is Gifting This Year (and It’s on Sale!)*
It comes in two sizes, and it's great for small spaces. READ MORE...
[Read more...](https://www.apartmenttherapy.com/khloe-kardashian-solo-stove-mesa-gift-37348284?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
It comes in two sizes, and it's great for small spaces. READ MORE...
[Read more...](https://www.apartmenttherapy.com/khloe-kardashian-solo-stove-mesa-gift-37348284?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*Here's how the Okta consumer data hack was much worse than the company originally said*
Shares of password authenticator Okta (OKTA) - Get Free Report pared earlier losses Wednesday afternoon after a bombshell filing from the company sent the stock down more than 5% in early market trading. The data breach that the company disclosed last month was much more widespread than Okta first thought. Okta originally said that just 1% of its customers were affected by the hack, but now the company is saying to multiply that percentage by 100. Related: Jamie Dimon warns that it is a dangerous time for mankind "We have determined that the threat actor ran and downloaded a report that contained the names and email addresses of all Okta customer support system users," David Bradbury, Okta's chief security officer, said. "All Okta Workforce Identity Cloud (WIC) and Customer Identity Solution (CIS) customers are impacted except customers in our FedRamp High and DoD IL4 environments (these environments use a separate support system NOT accessed by the threat actor)." Okta shares were trading down 3.2% to $70.28 at last check Wednesday afternoon. The hacker (or hackers) ran a report on Sept. 28 seeking information from numerous fields including company name, address, mobile number and other things. But Okta says that for 99.6% of users in the report, the only information that could be gleaned was their full names and email addresses. Based on the information accessed, Okta says that there is an increased risk of phishing and social engineering attacks directed at those users. "Okta customers sign-in to Okta’s customer support system with the same accounts they use in their own Okta org. Many users of the customer support system are Okta administrators. It is critical that these users have multi-factor authentication (MFA) enrolled to protect not only the customer support system, but also to secure access to their Okta admin console(s)," Bradbury said. Okta also released its third-quarter earnings results on Wednesday. For the period ending Oct. 31, Okta earned an adjusted 48 cents per share on revenue that rose 21% year over year to $584 million. Analysts were expecting the company to report earnings of 30 cents per share on revenue of $560.6 million. But what's also pressuring the stock is the fact that Okta's revenue guidance for 2025 fell short of expectations. Okta is predicting at least 10% revenue growth for fiscal 2025 to between $2.46 billion and $2.47 billion, below estimates for 15% growth. Unlock the secrets of the stock market with Real Money Pro. Gain direct access to elite portfolio managers' top stock picks and time-tested investment strategies. Embark on your journey to financial success — start now.
[Read more...](https://www.thestreet.com/technology/okta-consumer-data-hack-update)
Shares of password authenticator Okta (OKTA) - Get Free Report pared earlier losses Wednesday afternoon after a bombshell filing from the company sent the stock down more than 5% in early market trading. The data breach that the company disclosed last month was much more widespread than Okta first thought. Okta originally said that just 1% of its customers were affected by the hack, but now the company is saying to multiply that percentage by 100. Related: Jamie Dimon warns that it is a dangerous time for mankind "We have determined that the threat actor ran and downloaded a report that contained the names and email addresses of all Okta customer support system users," David Bradbury, Okta's chief security officer, said. "All Okta Workforce Identity Cloud (WIC) and Customer Identity Solution (CIS) customers are impacted except customers in our FedRamp High and DoD IL4 environments (these environments use a separate support system NOT accessed by the threat actor)." Okta shares were trading down 3.2% to $70.28 at last check Wednesday afternoon. The hacker (or hackers) ran a report on Sept. 28 seeking information from numerous fields including company name, address, mobile number and other things. But Okta says that for 99.6% of users in the report, the only information that could be gleaned was their full names and email addresses. Based on the information accessed, Okta says that there is an increased risk of phishing and social engineering attacks directed at those users. "Okta customers sign-in to Okta’s customer support system with the same accounts they use in their own Okta org. Many users of the customer support system are Okta administrators. It is critical that these users have multi-factor authentication (MFA) enrolled to protect not only the customer support system, but also to secure access to their Okta admin console(s)," Bradbury said. Okta also released its third-quarter earnings results on Wednesday. For the period ending Oct. 31, Okta earned an adjusted 48 cents per share on revenue that rose 21% year over year to $584 million. Analysts were expecting the company to report earnings of 30 cents per share on revenue of $560.6 million. But what's also pressuring the stock is the fact that Okta's revenue guidance for 2025 fell short of expectations. Okta is predicting at least 10% revenue growth for fiscal 2025 to between $2.46 billion and $2.47 billion, below estimates for 15% growth. Unlock the secrets of the stock market with Real Money Pro. Gain direct access to elite portfolio managers' top stock picks and time-tested investment strategies. Embark on your journey to financial success — start now.
[Read more...](https://www.thestreet.com/technology/okta-consumer-data-hack-update)
TheStreet
Here's how the Okta data hack was much worse than the company originally said
Okta disclosed the hack last month, saying that about 1% of its customers were affected. The real number is actually much, much higher.
Here's how the Okta consumer data hack was much worse than the company originally said
Shares of password authenticator Okta (OKTA) - Get Free Report pared earlier losses Wednesday afternoon after a bombshell filing from the company sent the stock down more than 5% in early market trading. The data breach that the company disclosed last month was much more widespread than Okta first thought. Okta originally said that just 1% of its customers were affected by the hack, but now the company is saying to multiply that percentage by 100. Related: Jamie Dimon warns that it is a dangerous time for mankind "We have determined that the threat actor ran and downloaded a report that contained the names and email addresses of all Okta customer support system users," David Bradbury, Okta's chief security officer, said. "All Okta Workforce Identity Cloud (WIC) and Customer Identity Solution (CIS) customers are impacted except customers in our FedRamp High and DoD IL4 environments (these environments use a separate support system NOT accessed by the threat actor)." Okta shares were trading down 3.2% to $70.28 at last check Wednesday afternoon. The hacker (or hackers) ran a report on Sept. 28 seeking information from numerous fields including company name, address, mobile number and other things. But Okta says that for 99.6% of users in the report, the only information that could be gleaned was their full names and email addresses. Based on the information accessed, Okta says that there is an increased risk of phishing and social engineering attacks directed at those users. "Okta customers sign-in to Okta’s customer support system with the same accounts they use in their own Okta org. Many users of the customer support system are Okta administrators. It is critical that these users have multi-factor authentication (MFA) enrolled to protect not only the customer support system, but also to secure access to their Okta admin console(s)," Bradbury said. Okta also released its third-quarter earnings results on Wednesday. For the period ending Oct. 31, Okta earned an adjusted 48 cents per share on revenue that rose 21% year over year to $584 million. Analysts were expecting the company to report earnings of 30 cents per share on revenue of $560.6 million. But what's also pressuring the stock is the fact that Okta's revenue guidance for 2025 fell short of expectations. Okta is predicting at least 10% revenue growth for fiscal 2025 to between $2.46 billion and $2.47 billion, below estimates for 15% growth. Unlock the secrets of the stock market with Real Money Pro. Gain direct access to elite portfolio managers' top stock picks and time-tested investment strategies. Embark on your journey to financial success — start now.
Read more...
Shares of password authenticator Okta (OKTA) - Get Free Report pared earlier losses Wednesday afternoon after a bombshell filing from the company sent the stock down more than 5% in early market trading. The data breach that the company disclosed last month was much more widespread than Okta first thought. Okta originally said that just 1% of its customers were affected by the hack, but now the company is saying to multiply that percentage by 100. Related: Jamie Dimon warns that it is a dangerous time for mankind "We have determined that the threat actor ran and downloaded a report that contained the names and email addresses of all Okta customer support system users," David Bradbury, Okta's chief security officer, said. "All Okta Workforce Identity Cloud (WIC) and Customer Identity Solution (CIS) customers are impacted except customers in our FedRamp High and DoD IL4 environments (these environments use a separate support system NOT accessed by the threat actor)." Okta shares were trading down 3.2% to $70.28 at last check Wednesday afternoon. The hacker (or hackers) ran a report on Sept. 28 seeking information from numerous fields including company name, address, mobile number and other things. But Okta says that for 99.6% of users in the report, the only information that could be gleaned was their full names and email addresses. Based on the information accessed, Okta says that there is an increased risk of phishing and social engineering attacks directed at those users. "Okta customers sign-in to Okta’s customer support system with the same accounts they use in their own Okta org. Many users of the customer support system are Okta administrators. It is critical that these users have multi-factor authentication (MFA) enrolled to protect not only the customer support system, but also to secure access to their Okta admin console(s)," Bradbury said. Okta also released its third-quarter earnings results on Wednesday. For the period ending Oct. 31, Okta earned an adjusted 48 cents per share on revenue that rose 21% year over year to $584 million. Analysts were expecting the company to report earnings of 30 cents per share on revenue of $560.6 million. But what's also pressuring the stock is the fact that Okta's revenue guidance for 2025 fell short of expectations. Okta is predicting at least 10% revenue growth for fiscal 2025 to between $2.46 billion and $2.47 billion, below estimates for 15% growth. Unlock the secrets of the stock market with Real Money Pro. Gain direct access to elite portfolio managers' top stock picks and time-tested investment strategies. Embark on your journey to financial success — start now.
Read more...
TheStreet
Here's how the Okta data hack was much worse than the company originally said
Okta disclosed the hack last month, saying that about 1% of its customers were affected. The real number is actually much, much higher.
*Cigna tumbles on Humana merger talk reports; FTC already probing PBMs*
Cigna Group (CI) - Get Free Report shares moved sharply lower Wednesday following a report from the Wall Street Journal that the health insurance group is involved in merger talks with its smaller rival Humana (HUM) - Get Free Report. The Journal said the pair are discussing a cash-and-stock deal that would create one of the largest health insurers in the country and challenge the market dominance of UnitedHealth (UNH) - Get Free Report, which is valued at around $500 billion. Earlier this month, Humana echoed concerns expressed by UnitedHealth over the summer that older Americans who had postponed elective surgeries during the Covid pandemic were now seeking treatments that could elevate costs and weigh on profit margins. The group's benefit-expense ratio, which tracks payouts on claims against collected premiums, rose by more than a percentage point from last year to 86.4%. CVS Health (CVS) - Get Free Report has said much the same about its Aetna healthcare division as well. "We continue to experience an increase in COVID admissions in the third quarter, whereas our forecast previously assumed that this would occur in the fourth quarter," Humana CFO Susan Diamond told investors on a conference call on November 1. "At the same time, we've experienced higher-than-expected medical cost trend within our Medicare managed business and have worked hard to mitigate the impact of these trends in order to deliver on our enterprise earnings and EPS commitments," she added. Cigna, meanwhile, posted a better-than-expected benefit-expense ratio of 80.5% for the three months ending in October, and lifted its full-year profit forecasts thanks in part to solid revenue gains from its commercial insurance unit and an 8% gain in sales for its Evernorth Health pharmacy benefits management (PBM) division. A big impediment to any potential tie-up between Cigna and Humana, however, would likely come from the Federal Trade Commission, which has taken a far more active role in challenging mega-mergers under the leadership of Lina Khan. The FTC has, in fact, cautioned the three largest pharmacy benefit mangers – CVS' Caremark, Cigna's Express Scripts and UnitedHealth's OptumRx – of likely changes to the industry's broader regulation. "As drug prices have soared and independent pharmacies have shuttered, scrutinizing the practices of PBMs is more critical than ever," the FTC said in a statement on July 20. "The FTC is now pursuing an inquiry into the PBM industry, one that is designed to capture and detail the current realities on the ground in this complex marketplace," the statement added. Cigna shares were marked 4.4% lower in early afternoon trading following the Journal report and changing hands at $273.52 each. Humana shares, meanwhile, were down 1.3% at $503.85 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/cigna-tumbles-on-humana-merger-talk-reports-ftc-already-probing-pbms)
Cigna Group (CI) - Get Free Report shares moved sharply lower Wednesday following a report from the Wall Street Journal that the health insurance group is involved in merger talks with its smaller rival Humana (HUM) - Get Free Report. The Journal said the pair are discussing a cash-and-stock deal that would create one of the largest health insurers in the country and challenge the market dominance of UnitedHealth (UNH) - Get Free Report, which is valued at around $500 billion. Earlier this month, Humana echoed concerns expressed by UnitedHealth over the summer that older Americans who had postponed elective surgeries during the Covid pandemic were now seeking treatments that could elevate costs and weigh on profit margins. The group's benefit-expense ratio, which tracks payouts on claims against collected premiums, rose by more than a percentage point from last year to 86.4%. CVS Health (CVS) - Get Free Report has said much the same about its Aetna healthcare division as well. "We continue to experience an increase in COVID admissions in the third quarter, whereas our forecast previously assumed that this would occur in the fourth quarter," Humana CFO Susan Diamond told investors on a conference call on November 1. "At the same time, we've experienced higher-than-expected medical cost trend within our Medicare managed business and have worked hard to mitigate the impact of these trends in order to deliver on our enterprise earnings and EPS commitments," she added. Cigna, meanwhile, posted a better-than-expected benefit-expense ratio of 80.5% for the three months ending in October, and lifted its full-year profit forecasts thanks in part to solid revenue gains from its commercial insurance unit and an 8% gain in sales for its Evernorth Health pharmacy benefits management (PBM) division. A big impediment to any potential tie-up between Cigna and Humana, however, would likely come from the Federal Trade Commission, which has taken a far more active role in challenging mega-mergers under the leadership of Lina Khan. The FTC has, in fact, cautioned the three largest pharmacy benefit mangers – CVS' Caremark, Cigna's Express Scripts and UnitedHealth's OptumRx – of likely changes to the industry's broader regulation. "As drug prices have soared and independent pharmacies have shuttered, scrutinizing the practices of PBMs is more critical than ever," the FTC said in a statement on July 20. "The FTC is now pursuing an inquiry into the PBM industry, one that is designed to capture and detail the current realities on the ground in this complex marketplace," the statement added. Cigna shares were marked 4.4% lower in early afternoon trading following the Journal report and changing hands at $273.52 each. Humana shares, meanwhile, were down 1.3% at $503.85 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/cigna-tumbles-on-humana-merger-talk-reports-ftc-already-probing-pbms)
TheStreet
Cigna tumbles on Humana merger talk reports; FTC already probing PBMs
Cigna and Humana would have a combined market value of $145 billion, but the FTC is likely to look closely at any potential merger plans.
Cigna tumbles on Humana merger talk reports; FTC already probing PBMs
Cigna Group (CI) - Get Free Report shares moved sharply lower Wednesday following a report from the Wall Street Journal that the health insurance group is involved in merger talks with its smaller rival Humana (HUM) - Get Free Report. The Journal said the pair are discussing a cash-and-stock deal that would create one of the largest health insurers in the country and challenge the market dominance of UnitedHealth (UNH) - Get Free Report, which is valued at around $500 billion. Earlier this month, Humana echoed concerns expressed by UnitedHealth over the summer that older Americans who had postponed elective surgeries during the Covid pandemic were now seeking treatments that could elevate costs and weigh on profit margins. The group's benefit-expense ratio, which tracks payouts on claims against collected premiums, rose by more than a percentage point from last year to 86.4%. CVS Health (CVS) - Get Free Report has said much the same about its Aetna healthcare division as well. "We continue to experience an increase in COVID admissions in the third quarter, whereas our forecast previously assumed that this would occur in the fourth quarter," Humana CFO Susan Diamond told investors on a conference call on November 1. "At the same time, we've experienced higher-than-expected medical cost trend within our Medicare managed business and have worked hard to mitigate the impact of these trends in order to deliver on our enterprise earnings and EPS commitments," she added. Cigna, meanwhile, posted a better-than-expected benefit-expense ratio of 80.5% for the three months ending in October, and lifted its full-year profit forecasts thanks in part to solid revenue gains from its commercial insurance unit and an 8% gain in sales for its Evernorth Health pharmacy benefits management (PBM) division. A big impediment to any potential tie-up between Cigna and Humana, however, would likely come from the Federal Trade Commission, which has taken a far more active role in challenging mega-mergers under the leadership of Lina Khan. The FTC has, in fact, cautioned the three largest pharmacy benefit mangers – CVS' Caremark, Cigna's Express Scripts and UnitedHealth's OptumRx – of likely changes to the industry's broader regulation. "As drug prices have soared and independent pharmacies have shuttered, scrutinizing the practices of PBMs is more critical than ever," the FTC said in a statement on July 20. "The FTC is now pursuing an inquiry into the PBM industry, one that is designed to capture and detail the current realities on the ground in this complex marketplace," the statement added. Cigna shares were marked 4.4% lower in early afternoon trading following the Journal report and changing hands at $273.52 each. Humana shares, meanwhile, were down 1.3% at $503.85 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Cigna Group (CI) - Get Free Report shares moved sharply lower Wednesday following a report from the Wall Street Journal that the health insurance group is involved in merger talks with its smaller rival Humana (HUM) - Get Free Report. The Journal said the pair are discussing a cash-and-stock deal that would create one of the largest health insurers in the country and challenge the market dominance of UnitedHealth (UNH) - Get Free Report, which is valued at around $500 billion. Earlier this month, Humana echoed concerns expressed by UnitedHealth over the summer that older Americans who had postponed elective surgeries during the Covid pandemic were now seeking treatments that could elevate costs and weigh on profit margins. The group's benefit-expense ratio, which tracks payouts on claims against collected premiums, rose by more than a percentage point from last year to 86.4%. CVS Health (CVS) - Get Free Report has said much the same about its Aetna healthcare division as well. "We continue to experience an increase in COVID admissions in the third quarter, whereas our forecast previously assumed that this would occur in the fourth quarter," Humana CFO Susan Diamond told investors on a conference call on November 1. "At the same time, we've experienced higher-than-expected medical cost trend within our Medicare managed business and have worked hard to mitigate the impact of these trends in order to deliver on our enterprise earnings and EPS commitments," she added. Cigna, meanwhile, posted a better-than-expected benefit-expense ratio of 80.5% for the three months ending in October, and lifted its full-year profit forecasts thanks in part to solid revenue gains from its commercial insurance unit and an 8% gain in sales for its Evernorth Health pharmacy benefits management (PBM) division. A big impediment to any potential tie-up between Cigna and Humana, however, would likely come from the Federal Trade Commission, which has taken a far more active role in challenging mega-mergers under the leadership of Lina Khan. The FTC has, in fact, cautioned the three largest pharmacy benefit mangers – CVS' Caremark, Cigna's Express Scripts and UnitedHealth's OptumRx – of likely changes to the industry's broader regulation. "As drug prices have soared and independent pharmacies have shuttered, scrutinizing the practices of PBMs is more critical than ever," the FTC said in a statement on July 20. "The FTC is now pursuing an inquiry into the PBM industry, one that is designed to capture and detail the current realities on the ground in this complex marketplace," the statement added. Cigna shares were marked 4.4% lower in early afternoon trading following the Journal report and changing hands at $273.52 each. Humana shares, meanwhile, were down 1.3% at $503.85 each. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Cigna tumbles on Humana merger talk reports; FTC already probing PBMs
Cigna and Humana would have a combined market value of $145 billion, but the FTC is likely to look closely at any potential merger plans.
*Hyundai, Kia's newest tech could transform the EV industry*
EV technology over the recent years has primarily been focused on making certain things bigger. We have big cars like the Hummer EV and the Rivian R1S, while bigger batteries provide more miles of range in between charging stops. Related: This U.S. state makes a major change that could affect Tesla sales Though technology has allowed for electric cars to get physically bigger, Hyundai and Kia have thought outside the box for a completely new solution. The South Korean automakers announced their new invention; the universal wheel drive system, or 'Uni Wheel,' for short. The Uni Wheel is similar in practice to an in-hub motor; which are often used in electric scooters and bicycles. Here, many of the components used to propel said vehicles forward or backwards are inside the actual wheel. What Hyundai and Kia has done with the Uni Wheel was relocate the reduction gear – the component used to drive the wheels of an electric car, to inside the wheels. In principle, this allows Kia and Hyundai to use a smaller, just as powerful motor on the individual wheels, rather than a huge drive unit to power the whole axle. Using individual motors to move each wheel has its advantages in both performance driving and in tough conditions like rain and snow, as each wheel can respond independently to the situation it senses for maximum traction. The gears within the Uni Wheel are set up in a flexible arrangement, and can move up and down within the hub while still receiving power without any interruption of any power from the motor. With the use of the Uni Wheel, manufacturers can do away with a component called the Constant Velocity (CV) joint, which can interrupt power delivery when it is stretched at extreme angles in situations where the suspension does its job. View the original article to see embedded media. In addition, because the Uni Wheel takes up less space within the frame of an EV, the extra space can be employed to size up passenger compartments, as well as bigger batteries. Kia (KIMTF) - Get Free Report and Hyundai (HYMLF) - Get Free Report have tested the Uni Wheel extensively for durability and indicated that it is performing well. The two companies have filed patents in South Korea, Europe and the United States for this technology, however, the automakers are unclear about a production rollout. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem “We are happy to be able to present innovative ideas that could be game changers in the future mobility market,” said Park Jong-sul, senior research fellow at the Hyundai Motor Company and Kia Advanced Technology Institute. “We are developing technology so that customers can experience mobility in a completely different and new way than before.” Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
[Read more...](https://www.thestreet.com/electric-vehicles/hyundai-kias-newest-tech-could-transform-the-ev-industry-)
EV technology over the recent years has primarily been focused on making certain things bigger. We have big cars like the Hummer EV and the Rivian R1S, while bigger batteries provide more miles of range in between charging stops. Related: This U.S. state makes a major change that could affect Tesla sales Though technology has allowed for electric cars to get physically bigger, Hyundai and Kia have thought outside the box for a completely new solution. The South Korean automakers announced their new invention; the universal wheel drive system, or 'Uni Wheel,' for short. The Uni Wheel is similar in practice to an in-hub motor; which are often used in electric scooters and bicycles. Here, many of the components used to propel said vehicles forward or backwards are inside the actual wheel. What Hyundai and Kia has done with the Uni Wheel was relocate the reduction gear – the component used to drive the wheels of an electric car, to inside the wheels. In principle, this allows Kia and Hyundai to use a smaller, just as powerful motor on the individual wheels, rather than a huge drive unit to power the whole axle. Using individual motors to move each wheel has its advantages in both performance driving and in tough conditions like rain and snow, as each wheel can respond independently to the situation it senses for maximum traction. The gears within the Uni Wheel are set up in a flexible arrangement, and can move up and down within the hub while still receiving power without any interruption of any power from the motor. With the use of the Uni Wheel, manufacturers can do away with a component called the Constant Velocity (CV) joint, which can interrupt power delivery when it is stretched at extreme angles in situations where the suspension does its job. View the original article to see embedded media. In addition, because the Uni Wheel takes up less space within the frame of an EV, the extra space can be employed to size up passenger compartments, as well as bigger batteries. Kia (KIMTF) - Get Free Report and Hyundai (HYMLF) - Get Free Report have tested the Uni Wheel extensively for durability and indicated that it is performing well. The two companies have filed patents in South Korea, Europe and the United States for this technology, however, the automakers are unclear about a production rollout. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem “We are happy to be able to present innovative ideas that could be game changers in the future mobility market,” said Park Jong-sul, senior research fellow at the Hyundai Motor Company and Kia Advanced Technology Institute. “We are developing technology so that customers can experience mobility in a completely different and new way than before.” Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
[Read more...](https://www.thestreet.com/electric-vehicles/hyundai-kias-newest-tech-could-transform-the-ev-industry-)
TheStreet
Hyundai, Kia's newest tech could transform the EV industry
A new innovation can change a problem that flies over the heads of manufacturers.
Hyundai, Kia's newest tech could transform the EV industry
EV technology over the recent years has primarily been focused on making certain things bigger. We have big cars like the Hummer EV and the Rivian R1S, while bigger batteries provide more miles of range in between charging stops. Related: This U.S. state makes a major change that could affect Tesla sales Though technology has allowed for electric cars to get physically bigger, Hyundai and Kia have thought outside the box for a completely new solution. The South Korean automakers announced their new invention; the universal wheel drive system, or 'Uni Wheel,' for short. The Uni Wheel is similar in practice to an in-hub motor; which are often used in electric scooters and bicycles. Here, many of the components used to propel said vehicles forward or backwards are inside the actual wheel. What Hyundai and Kia has done with the Uni Wheel was relocate the reduction gear – the component used to drive the wheels of an electric car, to inside the wheels. In principle, this allows Kia and Hyundai to use a smaller, just as powerful motor on the individual wheels, rather than a huge drive unit to power the whole axle. Using individual motors to move each wheel has its advantages in both performance driving and in tough conditions like rain and snow, as each wheel can respond independently to the situation it senses for maximum traction. The gears within the Uni Wheel are set up in a flexible arrangement, and can move up and down within the hub while still receiving power without any interruption of any power from the motor. With the use of the Uni Wheel, manufacturers can do away with a component called the Constant Velocity (CV) joint, which can interrupt power delivery when it is stretched at extreme angles in situations where the suspension does its job. View the original article to see embedded media. In addition, because the Uni Wheel takes up less space within the frame of an EV, the extra space can be employed to size up passenger compartments, as well as bigger batteries. Kia (KIMTF) - Get Free Report and Hyundai (HYMLF) - Get Free Report have tested the Uni Wheel extensively for durability and indicated that it is performing well. The two companies have filed patents in South Korea, Europe and the United States for this technology, however, the automakers are unclear about a production rollout. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem “We are happy to be able to present innovative ideas that could be game changers in the future mobility market,” said Park Jong-sul, senior research fellow at the Hyundai Motor Company and Kia Advanced Technology Institute. “We are developing technology so that customers can experience mobility in a completely different and new way than before.” Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
Read more...
EV technology over the recent years has primarily been focused on making certain things bigger. We have big cars like the Hummer EV and the Rivian R1S, while bigger batteries provide more miles of range in between charging stops. Related: This U.S. state makes a major change that could affect Tesla sales Though technology has allowed for electric cars to get physically bigger, Hyundai and Kia have thought outside the box for a completely new solution. The South Korean automakers announced their new invention; the universal wheel drive system, or 'Uni Wheel,' for short. The Uni Wheel is similar in practice to an in-hub motor; which are often used in electric scooters and bicycles. Here, many of the components used to propel said vehicles forward or backwards are inside the actual wheel. What Hyundai and Kia has done with the Uni Wheel was relocate the reduction gear – the component used to drive the wheels of an electric car, to inside the wheels. In principle, this allows Kia and Hyundai to use a smaller, just as powerful motor on the individual wheels, rather than a huge drive unit to power the whole axle. Using individual motors to move each wheel has its advantages in both performance driving and in tough conditions like rain and snow, as each wheel can respond independently to the situation it senses for maximum traction. The gears within the Uni Wheel are set up in a flexible arrangement, and can move up and down within the hub while still receiving power without any interruption of any power from the motor. With the use of the Uni Wheel, manufacturers can do away with a component called the Constant Velocity (CV) joint, which can interrupt power delivery when it is stretched at extreme angles in situations where the suspension does its job. View the original article to see embedded media. In addition, because the Uni Wheel takes up less space within the frame of an EV, the extra space can be employed to size up passenger compartments, as well as bigger batteries. Kia (KIMTF) - Get Free Report and Hyundai (HYMLF) - Get Free Report have tested the Uni Wheel extensively for durability and indicated that it is performing well. The two companies have filed patents in South Korea, Europe and the United States for this technology, however, the automakers are unclear about a production rollout. More Business of EVs:A full list of EVs and hybrids that qualify for federal tax creditsHere’s why EV experts are flaming Joe Biden’s car policyThe EV industry is facing an unusual new problem “We are happy to be able to present innovative ideas that could be game changers in the future mobility market,” said Park Jong-sul, senior research fellow at the Hyundai Motor Company and Kia Advanced Technology Institute. “We are developing technology so that customers can experience mobility in a completely different and new way than before.” Want to turbocharge your portfolio? Learn from the investing legends and get actionable insights. Start your Real Money Pro membership today.
Read more...
TheStreet
Hyundai, Kia's newest tech could transform the EV industry
A new innovation can change a problem that flies over the heads of manufacturers.
*$1.9 Trillion!? Why!?*
submitted by /u/NotAnotherTaxAudit to r/FluentInFinance [link] [comments]
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From the FluentInFinance community on Reddit: $1.9 Trillion!? Why!?
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$1.9 Trillion!? Why!?
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From the FluentInFinance community on Reddit: $1.9 Trillion!? Why!?
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*Cloud Retainer Support Info via FouL*
submitted by /u/SexWithDoctorRatio to r/Genshin_Impact_Leaks [link] [comments]
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submitted by /u/SexWithDoctorRatio to r/Genshin_Impact_Leaks [link] [comments]
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From the Genshin_Impact_Leaks community on Reddit: Cloud Retainer Support Info via FouL
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Cloud Retainer Support Info via FouL
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From the Genshin_Impact_Leaks community on Reddit: Cloud Retainer Support Info via FouL
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*The smell of defeat*
submitted by /u/NYK7forever777 to r/SipsTea [link] [comments]
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From the SipsTea community on Reddit: The smell of defeat
Posted by NYK7forever777 - 19,339 votes and 2,300 comments
*Why*
submitted by /u/MothersMiIk to r/mildlyinfuriating [link] [comments]
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From the mildlyinfuriating community on Reddit: Why
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*Fall Fashion*
submitted by /u/Pizzacakecomic to r/comics [link] [comments]
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From the comics community on Reddit: Fall Fashion
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*Trump’s aberrant behavior is getting worse. Why are Americans ignoring his decline?*
submitted by /u/devlinadl to r/politics [link] [comments]
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From the politics community on Reddit: Trump’s aberrant behavior is getting worse. Why are Americans ignoring his decline?
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Trump’s aberrant behavior is getting worse. Why are Americans ignoring his decline?
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From the politics community on Reddit: Trump’s aberrant behavior is getting worse. Why are Americans ignoring his decline?
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*You can drive just about anything at NĂĽrburgring!*
submitted by /u/GhztPpR to r/interestingasfuck [link] [comments]
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From the interestingasfuck community on Reddit: You can drive just about anything at NĂĽrburgring!
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