Remove Building Remove Market Remove South Korea Remove Tax
article thumbnail

LG Energy Solution secures lithium supply for the North American market

Teslarati

LG Energy Solution (LGES) signed an offtake agreement with WesCEF to expand its lithium supply chain for the North American market. According to the agreement , WesCEF will supply the South Korean battery supplier with up to 85,000 tons of lithium concentrate.

Supplies 120
article thumbnail

Tesla India teams reassigned to other Asia-Pacific markets

Teslarati

The Tesla India team was reassigned to Asia-Pacific (APAC) and other markets. Most of Tesla’s employees in India were tasked to focus on the company’s efforts in Dubai and other Middle-East markets. Most of Tesla’s employees in India were tasked to focus on the company’s efforts in Dubai and other Middle-East markets.

Asia 98
article thumbnail

Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

Hyundai is building a new all-electric van for Iveco Hyundai revealed the news at a signing ceremony at its headquarters in Seoul, South Korea. Hyundai will build the chassis, while Iveco will customize the electric vans, distributing them through its network.

Hyundai 97
article thumbnail

Report: CCS capacity increased 33% in 2020

Green Car Congress

The US has some of the most advanced supportive policies for CCS of any country in the world, including the enhanced 45Q tax credit and the California Low-Carbon Fuel Standard. Even as the year comes to a close, commitments to reach net zero climate targets and scale up climate mitigating technologies continues to build momentum.

2020 332
article thumbnail

Indian carmakers set to propose import duty rollback, but Tesla will miss out

Teslarati

Indian automakers are finally set on proposing the idea of budging on import duties that would allow foreign automakers to sell cars in the market for a reduced tax. However, the deal is being used as a part of a potential trade deal with Britain, which would not help Tesla finally enter the market.

India 89
article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. market is really important to us, and we are making massive investments in this country.

Hyundai 90
article thumbnail

Kia EV9 sales are heating up in the US

Baua Electric

Kia is building the EV9 in South Korea, but production is slated to move to its West Point, GA, plant early this year to take advantage of the federal tax credit. For now, Kia continues offering the $7,500 EV tax credit through leasing. Kia’s EV9 is also competitively priced with Tesla’s top-selling Model Y.

Kia 52