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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. Oh, Vice President of Hyundai Mobis Electric Powertrain Business Unit.

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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. The Asian car manufacturer beat Volkswagen, which has held second place for some time.

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

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. 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. based battery plant.

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

Charged EVs

The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. But the Ioniq 5 and its underlying technology show how serious Hyundai-Kia has become about offering EVs that appeal to mass-market buyers. The same platform also underpins an EV from Hyundai’s sister brand, Kia. 4 are already on sale.

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

Teslarati

Hyundai is now considering jump-starting their production in the U.S. According to Reuters , an inside source at Hyundai-Kia has stated the company is now considering attempting to start U.S. The auto industry overall has criticized the new act due to the high requirements that manufacturers must meet to earn incentives.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

needs over 100 battery cell manufacturing locations by 2035” to meet the projected EV demand. The impact of EVs on auto manufacturing and supplier jobs is harder to assess. employees engaged in motor vehicle parts manufacturing, about one-quarter—nearly 150,000—make components for internal combustion powertrains.”.

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

EV Adoption

Mullen Technologies aims to bring more than 400 jobs to Memphis, invest $336 million – Electric vehicle manufacturer Mullen Technologies is looking to expand into Memphis, creating more than 400 jobs in the process. That facility was previously used by electric car manufacturer Green Tech Automotive. March 14, via CleanTechnica.

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