Remove Auto Industry Remove Georgia Remove Industrial Remove Range
article thumbnail

Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

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

Hyundai 74
article thumbnail

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

Teslarati

After Rivian added two new range options for the R1T and R1S last week, the electric truck and SUV maker has also cut prices on some of its lineup. Rivian has cut $3,100 off of its entry-level R1T and R1S units on its online configurators , just as it has debuted new range options costing the same amount.

Price 107
article thumbnail

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. Outfitting of a high-volume manufacturing facility to build DC Bus Capacitors for the electric drive vehicle industry.

Grant 317
article thumbnail

The EV Transition Explained

Cars That Think

front trunk (“frunk”), while concealed beneath is the new skateboard frame with its dual electric motors (one for each axle) and a big 98 kWh standard (and 131 kWh extended range) battery pack. University of Michigan professor emeritus John Leslie King , who has long studied the auto industry. In its place is a. The soft car.

F-150 104
article thumbnail

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

Charged EVs

Originally rated at 124 miles of range, in 2020 the model received a range boost to 170 miles, and it remains on sale. Now, Hyundai has rebooted its EV efforts with a new platform that will spawn a whole range of EVs offering 250 miles or more of rated range. Thus far, it’s been entirely silent on that front.

Hyundai 109
article thumbnail

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

EV Adoption

Canoo’s 200-Mile Electric Pickup is Compact Truck With A Full-Size Bed – Canoo (GOEV), the California-based EV start-up revealed its electric pickup with an estimated 200-mile range. Alpha estimates 250-275 miles of range, and 0-60 mph acceleration in 6.2 – March 14, via MotorAuthority. March 14, via CleanTechnica.

Kia 52
article thumbnail

Gas War: 25 States Sue EPA Over Updated Emissions Regulations

The Truth About Cars

& They’ve been joined by Alabama, Alaska, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Utah, Virginia and Wyoming in the suit.& Swelling vehicle prices was another issue.&

EPA 98