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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Hyundai invests more in Georgia to produce hybrids “Hyundai Motor Group’s core strength lies in its complete vehicle portfolio— ranging from cars with internal combustion engines , EVs and even hydrogen-powered cars.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

New factories producing EVs and their batteries are bringing more jobs to the Southeast, but utilities are trying to meet the power demands of these factories with natural-gas power plants rather than renewable energy, reports Energy News Network.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry. based battery plant.

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Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

The price is down from previous R1T and R1S prices of $74,800 and $79,800 with the delivery fee, The news also comes ahead of Rivian’s launch of the R2 vehicle platform on March 7 , and as many in the auto industry have aired concerns around cooling electric vehicle (EV) demand.

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Hyundai looks to start U.S EV production early to catch new incentives

Teslarati

The company already planned on breaking ground on a new production plant in Georgia in 2023, with EV production starting in 2025; news of new U.S. However, with the new EV incentives structure, their products may be uncompetitive as only domestically produced options would receive the large $7,500 incentive.

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Tesla requests tariff waiver for graphite amid rising demand for EV batteries

Teslarati

Tesla stands as one of hundreds of auto industry players currently asking the US Trade Representative for extended tariff waivers on components imported from China. joint venture with Ford and a $2.54B investment in Georgia,” SK Innovation noted. Don’t hesitate to contact us with news tips.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

It has sixty-pages of detail selling the myriad of benefits and assumptions of new “well-paying jobs” accruing by getting to net-zero, but a mere three sentences are devoted to the “difficult transition” getting to net-zero will entail over the next three decades. The impact of EVs on auto manufacturing and supplier jobs is harder to assess.

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