Remove Auto Industry Remove Georgia Remove Group Remove Motoring
article thumbnail

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.

Georgia 186
article thumbnail

Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09

Hyundai 88
article thumbnail

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.

article thumbnail

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. Industry and government officials judged the presentations. This is OSU’s fourth consecutive win. Horiba; DENSO; Champlain Cable Corp.;

Ohio 170
article thumbnail

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

Charged EVs

All-wheel drive is easily added via a second motor between the front wheels. RWD has advantages for handling and roadholding, and reduces the cost of single-motor base models by eliminating costly constant-velocity joints for powered front wheels. Electronic features galore. Thus far, it’s been entirely silent on that front.

Hyundai 108
article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

In addition, the elimination of the powertrain required in ICE vehicles means all those related auto part manufacturing jobs in the auto supplier community will disappear. employees engaged in motor vehicle parts manufacturing, about one-quarter—nearly 150,000—make components for internal combustion powertrains.”.

Market 95
article thumbnail

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

EV Adoption

The as-of-yet unnamed truck will be offered in dual- or rear-motor configurations, with output ranging up to 600 horsepower and 550 pound-feet of torque. Alpha plans to offer the Wolf in single-motor, front-wheel-drive and dual-motor, all-wheel-drive configurations. Image Source: Forbes/Toyota. Kia EV6 | Source: Kia.

Kia 52