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Hyundai Motor Group chairman outlines strategic directions for 2021 and beyond

Green Car Congress

In a New Year’s message, Hyundai Motor Group Chairman Euisun Chung outlined the company’s strategic direction and commitments for the year 2021 and beyond. Hyundai Motor Group plans to expand its battery electric vehicle lineup from the current eight models to 23 by 2025 and sell 1 million units annually in global markets.

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. billion (KRW 5.7

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Hyundai considers hybrid production at Georgia EV Factory

Teslarati

Hyundai is considering hybrid production at its Georgia Metaplant, which was supposed to be dedicated to the electric vehicle (EV) factory. Hyundai’s Metaplant in Georgia is expected to start EV production by October 2024. “We Hyundai is also thinking of producing plug-in hybrid electric vehicles at the $7.59

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Rolls-Royce & Hyundai Motor to partner on electric and hydrogen fuel cell technology for advanced air mobility market

Green Car Congress

Rolls-Royce and Hyundai Motor Group plan to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market. Collaborating on the industrialization of Rolls-Royce power and propulsion systems for the Advanced Air Mobility market.

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Hyundai Motor to use solar energy to power Georgia Metaplant

Teslarati

Hyundai Motor will use solar energy to power its Georgia Metaplant, which is still under construction. South Korean automaker Hyundai Motor Group signed a 15-year power agreement with Spain’s Matrix Renewables to power the electric vehicle (EV) plant. However, EV sales growth has reportedly slumped.

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Hyundai to develop materials to enhance EV performance

Teslarati

Hyundai Motor Group plans to develop materials that enhance the performance of electric vehicles. Hyundai plans to proactively use new materials in its future mobility products, including its future electric vehicle designs. Hyundai has been making waves in the U.S. In 2023, it sold the second-most EVs in the U.S.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 It plans to convert additional lines as market demand dictates. trillion (US$85 billion) over the next 10 years, including KRW 35.8 Production.

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