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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 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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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. MetalTek International, Watertown, Wis. El Centro, Calif. Montgomery Center, Vt.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

manufacturing operations, primarily due to a) the rising popularity of EVs and b) to guard against the kinds of challenges and risks in the international supply chain that have been one of the hallmarks of pandemic-era production; select specific plans include: Ford, which announced in June of this year that it would invest $3.7