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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. —H.S.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Toyota Group remains the global auto industry leader, with an operating profit of $7.15

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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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2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs

Charged EVs

Upcoming entries include the Audi Q4 e-tron, Kia EV6, Nissan Ariya, Subaru Solterra, Toyota bZ4X, and a Chevrolet crossover to be launched in 2023. But the Ioniq 5 and its underlying technology show how serious Hyundai-Kia has become about offering EVs that appeal to mass-market buyers. However, the electric F-150 exports up to 9.6

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Hyundai looks to start U.S EV production early to catch new incentives

Teslarati

According to Reuters , an inside source at Hyundai-Kia has stated the company is now considering attempting to start U.S. production of their electric vehicles sooner rather than later. The company already planned on breaking ground on a new production plant in Georgia in 2023, with EV production starting in 2025; news of new U.S.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. Mini will only produce battery-electric vehicles from 2030, the people said. Automakers and Models. – March 10, via Forbes.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

Anticipated demand from the auto industry—as well as solar-panel manufacturing and data centers—is leading utilities to forecast single-digit percentage growth every year through the end of the decade in some regions, according to report.

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