Remove Auto Remove Motor Remove South Korea Remove Tax Credit
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

article thumbnail

SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6

Auto 52
article thumbnail

Hyundai spotted testing Lucid Air and ZEEKR X hints a luxury EV is in the works

Baua Electric

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit.

Hyundai 52
article thumbnail

Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. Hyundai Motor (including Kia) topped Ford and GM in EV sales last year despite not qualifying for the EV tax credit (only through leasing).

Hyundai 97
article thumbnail

Hyundai and Kia recall 170,000 EVs in Korea over software glitch, is the US next?

Baua Electric

Hyundai IONIQ 6 Black Edition (Source: Hyundai) Hyundai Motor Group said in a statement (via Reuters ), “Hyundai Motor and Kia will take prompt actions to prevent customer inconvenience and will continue to prioritize the safety of our customers and their vehicles.” appeared first on Bauaelectric Auto News.

Kia 52
article thumbnail

Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

Although Hyundai’s first three-row electric SUV debuted as the SEVEN concept at the 2021 LA Auto Show, reports suggest it will now go by the IONIQ 9. Hyundai is expected to debut the IONIQ 9 at the Busan International Motor Show (BIMOS) in South South Korea on June 27, 2024. Can Hyundai match its success so far?

Hyundai 52
article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

Is an EV Genesis, the luxury division of Hyundai Motor Group, began this past week producing its first model in the United States at the sprawling HMG factory in Montgomery, Alabama. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors. kWh lithium-ion battery.

Hyundai 89