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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 By utilizing existing lines, construction time is much shorter than building new plants and can be ramped up quickly to meet EV demand.

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DOE announces $1.7 billion in grants to convert facilities for EV production and support US auto workers – Charged EVs

Baua Electric

It could also go a long way toward building support for the EV transition among workers in the auto industry and its vast network of related industries. To these ends, the US Department of Energy has established the Domestic Manufacturing Conversion Grant Program. Now the program has announced its first round of award candidates.

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DOE awarding >$24M to 77 projects through Technology Commercialization Fund

Green Car Congress

Remote Area Modular Monitoring for Critical Facilities, $300,000 Embedded Planet, Cleveland, Ohio Simulation Tool for Energy-Efficient Connected and Automated Vehicle Control Development, $600,000 Hyundai America Technical Center, Superior Township, Mich. Quanex Building Products Corporation, Houston, Texas SCP SYS LLC, San Francisco, Calif.

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Biden awards $1.7B to bring auto manufacturing back to 8 states

Baua Electric

billion in grant awards today targeted at helping automakers keep 11 troubled manufacturing plants open and to start building EVs there. The grants are part of the “ Domestic Conversion Grant Program ,” intended to direct government support to help convert plants over to electric vehicle manufacturing.

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Could Rivian R3 EV revive a stagnant small-car market?

Baua Electric

All of the above “When I was first talking about this with RJ we were going through the conception of it and the conversation we had was just, like, I don’t want to fall into a segment, I want people to just say it’s an R3,” recalled Hammoud, in a Q&A session with media. And nobody really has an answer, and that’s great.” inch wheelbase.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Hyundai, which announced this May that it would build its first-ever dedicated EV plant in the state of Georgia and, to capitalize on the North American final assembly requirement in the newly-passed IRA, just revealed it was mulling moving the groundbreaking on the facility from the original target of 2023 to before the end of this year.