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Rivian to build new $5 billion electric vehicle factory in Georgia

Electric Vehicles India

Rivian to build new $5 billion electric vehicle factory in Georgia. Rivian an Amazon-backed electric vehicle maker has announced a new $5 billion electric vehicle factory in Atlanta, Georgia. It will be the second factory in Georgia. Rivian electric vehicle factory.

Georgia 59
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Ford F-150 Lightning production halt continues, battery issue identified

Teslarati

Ford said today it would suspend F-150 Lightning production for another week after identifying issues with battery cells provided by supplier SK. “We are holding vehicles while we investigate,” Ford said at the time. “We are holding vehicles while we investigate,” Ford said at the time.

F-150 132
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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

As of June 15, 2022, Ford will no longer offer the opportunity to purchase its three all-electric vehicles, the F-150 Lightning, Mustang Mach-E, and E-Transit Van, for new leases. Ford informed dealers in a letter that it was discontinuing the end-of-lease purchase option for the E-Transit van, Mustang Mach-E, and F-150 Lightning.

Ford 98
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Hyundai IONIQ 5 is becoming a top seller off the lot as dealers prep for EV growth

Baua Electric

Hyundai’s IONIQ 5 is already a top seller at some dealers. With new electric models rolling out, like the three-row IONIQ 7 SUV, Hyundai has the “whole gamut covered.” Hyundai’s IONIQ 5 electric SUV was the sixth top-selling EV in the US last year, climbing from seventh the year before. Hyundai said 99.9%

Dealers 52
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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech.

Hyundai 52
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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. billion Metaplant wraps up in Georgia. After kicking off construction on its first EV assembly and battery plant in October 2022, the facility is almost complete.

Hyundai 52
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2024 Volkswagen ID.4 82 kWh model qualifies for full federal tax credit

Teslarati

4’s battery pack will be assembled in Chattanooga, Tennessee. VW will use cells from SK Innovation’s site in Commerce, Georgia. 4 qualification is based on current battery supply, but because vehicle qualification in 2024 is dependent on batteries not yet produced, qualification is subject to change. Volkswagen ID.4