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Hyundai Motor Group to build $5.54B EV plant and battery factory in Georgia

Green Car Congress

Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. The new EV plant and battery manufacturing facilities represent an investment of approximately US$5.54

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Iveco Group chooses HTWO (Hyundai) fuel cell systems for the next generation of hydrogen buses in Europe

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Iveco Group , through its brand IVECO BUS, will partner with HTWO to equip its future European hydrogen-powered buses with world-leading fuel cell systems. HTWO, as a fuel cell system-based hydrogen business brand of Hyundai Motor Group, was first released in December 2020 with Hyundai’s strong commitment to hydrogen economy.

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Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

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Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., to manufacture automotive traction motors. GAC Components mainly manufactures automobile interior parts, electric components, etc. Nidec in-wheel motor.

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Volvo Car Group exceeds 600,000 vehicles sold on the CMA platform

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Volvo Car Group, including its strategic affiliates Lynk & Co and Polestar, produce vehicles based on the Compact Modular Architecture (CMA) platform, introduced in 2017. To the end of July more than 600,000 group vehicles based on the platform have been sold. Since the CMA-based XC40 was introduced in 2017, 302,856 units have sold.

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Fiat Group Automobiles, Chrysler Group International and GAC Group to Produce Jeep vehicles in China for Chinese market

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Fiat Group Automobiles S.p.A., Chrysler Group International LLC and Guangzhou Automobile Group Co., GAC Group) have reached an agreement to expand the joint venture partnership. Production is expected to begin by late 2015.

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Motherson Group collaborating with UBQ to bring carbon-negative thermoplastics into auto parts

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Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry.

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Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

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Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Like the MEB today, the SSP will be open to other auto manufacturers.