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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

Kia recently announced plans to develop new hybrid and plug-in hybrid models to help it cope with wavering EV demand, but that hasn’t stopped the automaker’s trudge toward full electrification. In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3.

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Rivian wins massive incentive package for R2 vehicle production in Illinois

Teslarati

In March, Rivian unveiled the R2 and R3 midsize SUVs , its next vehicles that will be more affordable than its introductory R1T and R1S platforms. Rivian’s Georgia plant remains an extremely important part of its strategy to scale production of R2 and R3. I’d love to hear from you!

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Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group is investing $7.59

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Tesla boosts its data collection team with hiring ramp for Prototype Vehicle Operators

Teslarati

Tesla also notes that Prototype Vehicle Operators must provide feedback and suggest ways to improve the company’s data collection processes. Tesla CEO Elon Musk recently stated in a post on X that the company will be unveiling its dedicated Robotaxi on August 8, 2024.

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Rivian (RIVN) officially shuts down Normal EV plant for upgrades as R2 creates a buzz

Baua Electric

The company is upgrading the facility to cut costs and improve efficiency as it looks to expand the brand. Rivians shuts down EV production at Normal, IL plant First announced in November, Rivian is shutting down production at its Normal EV plant for several weeks to introduce new tech and practices to improve efficiency.

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Rivian aims for 155,000 of its $45,000 R2 electric SUVs in Illinois

Baua Electric

Just after the reveal of its more affordable R2, R3, and R3X models in March, Rivian announced plans to rejigger its production capacity at its existing plant in Illinois, to accommodate the R2 electric SUV at that plant instead of an even larger one in Georgia that remains on the drawing board.

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Elon Musk says Rivian’s priority should be solving financials ‘or they’re doomed’

Teslarati

Tesla CEO Elon Musk knows a thing or two about struggling through the toughest financial circumstances when starting an electric vehicle company. Meanwhile, Rivian is fending off a struggling performance on the stock market, manufacturing growing pains, and figuring out affordability with its products in its early days.