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Rivian’s 2nd plant most likely to land in Georgia, stock responds

Teslarati

Rivian Automotive ( NASDAQ: RIVN ), fresh off of the first deliveries of its R1T all-electric pickup, is set to have its second United States plant land in Georgia. A new report claims that Rivian, based in Normal, Illinois, will bring a second electric vehicle manufacturing plant to the United States by building it in Georgia.

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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. million units by 2030.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia’s first three-row electric SUV is off to a good start. However, Kia will accelerate EV9 momentum with plans to begin US production by May. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Starting under $55,000, Kia calls its electric family move an “industry wake-up call.”

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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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Tesla will produce Model Y in 2021 at Giga Texas and Berlin

Teslarati

After Tesla announced that it would be building its second automotive manufacturing facility in the United States just outside of Austin, Texas, CEO Elon Musk confirmed the plant would be home to Model Y and Cybertruck production. It appears that the bottleneck related to Cybertruck production may be related to industrialization.

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

Green Car Congress

Furthermore, in order to secure leadership in the future mobility industry, it has decided to focus on future businesses, such as autonomous driving, hydrogen, robotics and advanced air mobility (AAM). 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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EXCLUSIVE: ‘Rivian wanted what Georgia had’: How the Peach State became Rivian’s $5B match

Teslarati

In the Northern portion of Georgia, about 45 miles East of Atlanta, a 2,000-acre slice of land is covered in beautiful trees, hosting stunning landscapes of the rural sections of the Peach State. These large-scale, mass-market automakers were unwilling to join Kia, which has a massive $1.8 “Rivian wanted what Georgia had.”

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