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Hyundai Motor, Kia Motors and LG Chem launch global competition to invest in EV and battery start-ups

Green Car Congress

Hyundai Motor Company, Kia Motors Corporation, and LG Chem are jointly sponsoring the “EV & Battery Challenge” (EVBC), a global competition to identify up to 10 EV and battery start-ups for potential investment and collaboration. Hyundai and Kia have gained prominence in the global market with a comprehensive portfolio of EVs.

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

The authors note that other leading manufacturers including Porsche, KIA or Chinese manufacturers are still not producing sufficient sustainability performance data.). The study also highlights the potential improvement that a car giant like General Motors has in how it could improve its long-term sustainability performance.

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Detroit auto display vows to form a comeback in 2023. However which automakers can the display trap again?

Baua Electric

Organizers are promising that the 2023 North American Global Detroit Auto Display will quality extra emblem participation and automobile unearths than extreme time, even supposing it’s concealed which firms plan to go back to the mid-September match. Gretchen Whitmer.

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Who Will Survive Among the Legacy vs. Startup Auto OEMs?

EV Adoption

For every successful Tesla, dozens of EV startups will fail, get acquired, re-organize, or with companies like Bollinger — keep pivoting until they can hopefully find a sustainable business. The industry was dominated by three large companies: General Motors, Ford, and Chrysler, all based in Metro Detroit.”

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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. Non-affiliated Hyundai Motor Group suppliers will invest approximately another $1 billion in the project.

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And the EVA Board candidates are…

Electric Auto Association

The EVA is North America’s leading volunteer organization that accelerates the adoption of electric vehicles (EVs) by supporting our 100 chapters and members as they talk one-on-one about the benefits of driving electric. Historically, being one of the five locals that created the Mid America Electric Automobile Association in 1992.