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Hyundai Mobis to invest $926M in EV systems plant in Georgia

Green Car Congress

Hyundai Mobis plans to invest $926 million in an Electric Vehicle (EV) Power Electric system plant in Bryan County that will eventually employ at least 1,500 people. The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. based battery plant.

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Rivian cuts prices on its base R1T and R1S ahead of R2 launch

Teslarati

The price is down from previous R1T and R1S prices of $74,800 and $79,800 with the delivery fee, The news also comes ahead of Rivian’s launch of the R2 vehicle platform on March 7 , and as many in the auto industry have aired concerns around cooling electric vehicle (EV) demand.

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Ohio State takes first place in DOE/GM EcoCAR 3 competition

Green Car Congress

The Ohio State University has taken first place in the final year of EcoCAR 3, an Advanced Vehicle Technology Competition, sponsored by the US Department of Energy (DOE) and General Motors Co. Ohio State EcoCAR built a series-parallel plug-in hybrid electric vehicle powered by E85. This is OSU’s fourth consecutive win.

Ohio 170
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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Production of manganese oxide cathode / graphite lithium-ion batteries for hybrid and electric vehicles.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

The impact of EVs on auto manufacturing and supplier jobs is harder to assess. Electric vehicles require new or re-tooled factories , each requiring thousands of employees. auto industry jobs could rise by 150,000 by 2030 if battery electric vehicles sales reach 50 percent by 2030 and the vehicle market share of U.S.-assembled

Market 97
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LG Energy Solution and SK Innovation to end all legal disputes over EV batteries in US and Korea

Green Car Congress

LG Energy Solution and SK Innovation have decided to settle to compete in an amicable way, all for the future of the US and South Korean electric vehicle battery industries. US President Joe Biden issued a statement on the resolution: This settlement agreement is a win for American workers and the American auto industry.

Legal 170