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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 In the second-generation platform, the scope of vehicle development extends beyond the mid-sized SUVs covered by the current E-GMP system.

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

Baua Electric

Rivian on Thursday delivered what was expected—the R2 electric SUV. Is it a hatch or an SUV? Today, that’s in the vicinity of the length of the Hyundai Kona Electric , Volkswagen ID.3 And then it stole the R2’s stage with products that fans, investors, and EV shoppers didn’t know they needed: the Rivian R3 and R3X.

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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. . $3