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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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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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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Stellantis is offering certain higher salaried US employees separation packages to help its “transformation to become a sustainable tech mobility company and the market leader in low-emissions vehicles,” a company spokesperson said. million employed in the industry at large, or about 5 percent of the U.S. Ford is not alone.

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The EV Transition Explained

Cars That Think

University of Michigan professor emeritus John Leslie King , who has long studied the auto industry. Ford and other automakers will need to convince tens of millions of customers to switch to EVs to meet the Biden Administration’s decarbonization goals of 50 percent new auto sales being non-ICE vehicles by 2030. Chris Paredis.

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

Charged EVs

But the Ioniq 5 and its underlying technology show how serious Hyundai-Kia has become about offering EVs that appeal to mass-market buyers. Unfortunately for its US marketers, the Pony was never sold in the United States (though it did appear briefly in Canada). The same platform also underpins an EV from Hyundai’s sister brand, Kia.

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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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