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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). Of the total investment, Hyundai will contribute €80 million; Kia €20 million.

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Kia Motors to launch 7 new BEVs by 2027; BEVs to account for 25% of Kia global vehicle sales by 2029

Green Car Congress

Kia Motors Corporation previewed its global electric vehicle (EV) business strategy; the brand will launch seven new dedicated BEVs by 2027 across several vehicle segments. Kia also released an early sketch of several of the brand’s future dedicated Battery Electric Vehicles (BEVs). —Ho Sung Song.

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Hyundai Motor Group breaks ground on Metaplant America dedicated EV and battery plant

Green Car Congress

billion investment by the company and its affiliate suppliers was announced five months ago and includes plans to produce a diverse range of innovative Hyundai, Genesis and Kia electric vehicles (EVs) and a new battery manufacturing facility. HMGMA’s new smart factory is expected to begin commercial production in the first half of 2025.

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

Baua Electric

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The new agreement deepens the partnership as Hyundai’s first export based on its new Global Electric Light Commercial Vehicle (ACV) platform. The deal is part of a broader partnership established in March 2022.

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CALSTART: zero-emission trucks, buses, off-road equipment on track for 78% rise in models in 2020, doubling by 2023

Green Car Congress

The number of available and announced models of zero-emission trucks, buses and off-road equipment in the United States and Canada is on track to rise nearly 78% by the end of 2020 compared to year-end 2019, according to the Zero-Emission Technology Inventory ( ZETI ), a product of CALSTART’s Global Commercial Vehicle Drive to Zero program.

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Hyundai Motor outlines FCEV Vision 2030; $6.7B investment in fuel cells by 2030; 700K fuel cell systems annually by 2030

Green Car Congress

Hyundai Motor Group (HMG), which includes automotive brands Hyundai Motor Company and Kia Motors Corporation, announced its long-term roadmap for hydrogen fuel cell vehicle technology: FCEV Vision 2030. We are confident that hydrogen power will transcend the transportation sector and become a leading global economic success.

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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. to develop and commercialize electric and fuel-cell powertrains combining Hyundai’s fuel-cell system and Cummins’ electric powertrain, battery and control technologies.

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