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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

It even tops Rivian’s $5 billion EV factory outside of Atlanta. The South Korean automaker is expected to introduce its first three-row electric SUV, the IONIQ 7 , this summer. The news comes after Hyundai slashed prices on its best-selling IONIQ 5 electric SUV this month. FTC: We use income earning auto affiliate links.

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GM’s Cadillac set to eliminate 40% of dealerships in $274M restructuring project

Teslarati

dealerships and roll out a new electric SUV, hoping to ease into a more-committed adoption of electric vehicles. A new report from Reuters states that the Head of Cadillac’s Global Brand, Rory Harvey, says 560 dealers will be active in the U.S. General Motors’ Cadillac brand is set to eliminate around 40% of its U.S.

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Ford will use module-less LFP batteries from CATL

Push EVs

30,000 units of an all-new SUV for Europe, whose run rate will significantly ramp in 2024. For the first time, the majority of consumers who intend to buy a car in the next two years say they will choose an EV or hybrid vehicle – up 11% from last year and 22% from 2020, according to research published by EY. Ford EV Plan Infographic.

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