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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

million units manufactured in 2022. Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Tesla grew about 142 percent and has a strong manufacturing presence in the country, so it’s the best-equipped American entity to take on the Chinese.

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Hyundai, Kia & Factorial Energy partner to develop solid-state batteries for next generation EVs; strategic investment

Green Car Congress

Start-up solid-state battery company Factorial Energy , Hyundai Motor Company and Kia Corporation are partnering to test Factorial’s novel solid-state battery technology and its integration in Hyundai electric vehicles.

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

Green Car Congress

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. The plant supplies automotive manufacturers with complete cockpit modules, chassis modules, as well as bumper assemblies.

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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. The Asian car manufacturer beat Volkswagen, which has held second place for some time. Toyota Group remains the global auto industry leader, with an operating profit of $7.15 billion, slightly below Hyundai.

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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. million globally by 2030.

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Big DEED turnout in Dayton 

Electric Auto Association

Later, Pizza stated that he believes auto industry pundits grossly underestimate general public interest in electric vehicles, and that based on his sales experience, EVs will reach 12 percent of new sales much sooner than analysts forecast. We also had two private Kia Soul EV s on display and a Nissan LEAF.

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Hyundai Motor Group plans to become top 3 EV manufacturer by 2030; investing US$18.2B in Korean EV market

Green Car Congress

Hyundai Motor Group (the Group) today announced its goal to become one of the world’s top 3 EV manufacturers by 2030 through the combined sales of Hyundai Motor, Kia and Genesis electric models, at the groundbreaking ceremony of Kia’s dedicated plant for purpose-built vehicle (PBV) production in Korea. It has payed around KRW 3.4

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