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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

Green Car Congress

Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

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MATHESON executes long-term hydrogen supply contract with Vertex for renewable diesel production

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MATHESON , the US affiliate of Nippon Sanso Holdings Corporation ( NSHD ), has signed a long-term supply agreement to meet hydrogen requirements for a 75,000 bpd refinery in Mobile, Alabama owned by Vertex Energy.

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Honda announces next steps in preparation for EV production in US

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In October 2022, Honda announced that it would invest $700 million to retool several of its existing auto and powertrain plants to establish the new EV Hub in Ohio, to prepare for the production of battery electric vehicles in 2026. Following are key next steps involving several of Honda’s US production facilities.

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Toyota Motor Manufacturing, Alabama marks start of 4-cylinder engine production

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Toyota Motor Manufacturing, Alabama, Inc. TMMAL), an engine-production subsidiary of Japan-based Toyota Motor. Corporation (TMC), held a line-off ceremony to mark the beginning of. four-cylinder engine production. the four-cylinder engines, has increased its production capacity accordingly at its. trucks and SUVs.

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Toyota to begin hybrid powertrain production in US; $374M investment in 5 plants

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Toyota is expanding the production of its hybrid powertrains to the US. million in five US manufacturing plants to support production of its first US-made hybrid powertrain and to implement Toyota’s New Global Architecture (TNGA) at its Alabama plant. Fifty new jobs will be created because of the investment at the Alabama plant.

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

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Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. 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).

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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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The US Department of Energy (DOE) awarded $19 million for 13 projects in traditionally fossil-fuel-producing communities across the country to support production of rare earth elements and critical minerals essential to the manufacturing of batteries, magnets, and other components important to the clean energy economy.