article thumbnail

Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

Motor 334
article thumbnail

Four key Hyundai Motor Group affiliates join Climate Group’s RE100, aim to expand renewables usage

Green Car Congress

Four key Hyundai Motor Group affiliate companies—Hyundai Motor Company (Hyundai Motor), Kia Corporation (Kia), Hyundai Mobis, and Hyundai Wia—are now members of Climate Group’s RE100 , a global initiative committed to large corporates moving toward 100% renewable electricity.

Hyundai 186
article thumbnail

Hyundai Motor Group affiliates to join Climate Group’s RE100, aim to expand renewable energy use

Green Car Congress

Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc.,

Hyundai 321
article thumbnail

Ravi Sharma joins Minda Corporation as Head of Group Communication, Branding – ET Auto

Baua Electric

Prior to Minda Corporation, he worked with Hyundai Motor India as Head – Corporate Communications leading the product, corporate and social marketing initiatives. New Delhi: Communications and marketing professional Ravi Sharma has joined Minda Corporation Limited as Head – Group Communications and Branding.

article thumbnail

Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Hyundai Motor Group plans to produce various EV models in the United States through Hyundai Motor Alabama Plant (HMMA), Kia Georgia Plant (KaGA), and Hyundai Motor Group New Plant (HMGMA).

Hyundai 199
article thumbnail

General Motors to supply Hydrotec fuel cell systems to Nikola; backing off earlier agreement

Green Car Congress

General Motors Co. announced it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide GM’s Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks. —Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain.

article thumbnail

UMD collaborative study finds that fuel efficiency of one car in household may be cancelled out by next car purchase

Green Car Congress

While this sounds like an all-too-logical conclusion, the study reports a 57% reduction in the benefits of driving the fuel efficient car for carbon emissions purely based on the purchase of the second vehicle. What we really wanted to do is see how households are making decisions when they purchase and own more than one vehicle.

Purchase 220