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

Green Car Congress

The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Hyundai Mobis has operated a manufacturing facility with almost 1,200 employees in West Point since 2009 as the largest Tier 1 supplier to Kia Georgia. billion in investment and announced more than 18,100 jobs 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. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry. based battery plant.

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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

US President Joe Biden issued a statement on the resolution: This settlement agreement is a win for American workers and the American auto industry. —Jong Hyun Kim, CEO and President of LG Energy Solution and Jun Kim, CEO and President of SK Innovation.

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

Teslarati

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. The auto industry overall has criticized the new act due to the high requirements that manufacturers must meet to earn incentives. incentives may shift this schedule forward.

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

Green Car Congress

Teams also spent several days presenting to judges and proving how they have developed into the next generation of engineers and business leaders who are prepared to enter the auto industry and related careers. Industry and government officials judged the presentations.

Ohio 170
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The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update

Teslarati

US President Joe Biden has issued a statement on SK Innovation and LG Chem’s settlement, calling the agreement a “win for American workers and the American auto industry.”

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