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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

Green Car Congress

Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

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Volkswagen accelerates engineering and R&D capabilities within the North American region with new Chief Engineering Officer

Green Car Congress

Volkswagen continues to expand its design and engineering capabilities as well as grow its leadership team in North America with the addition of the company’s new Chief Engineering Officer, Lyndon Lie.

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New Honda Prologue EV to go on sale in North America in 2024; Acura EV to follow

Green Car Congress

Honda’s first new volume ba ttery-electric vehicle—an electric SUV coming to market in early 2024—will be named “Prologue,” signaling a new electrified era that will lead to the company’s vision for 100% zero emission vehicle sales in North America by 2040.

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

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Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

Green Car Congress

Mitsubishi Motors Corporation (MMC) unveiled its next Mid-Term Business Plan (MTP). Additionally, MMC will move to make 50% of global sales an EV by 2030, and then 100% of the fleet electrified by 2035 (“EV” specifically refers to a blend of plug-in hybrids (PHEV), hybrids (HEV) and pure electrics (BEV)).

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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Hyundai Motor Group plans to produce various EV models in the United States through Hyundai Motor Alabama Plant (HMMA), Kia Georgia Plant (KaGA), and Hyundai Motor Group New Plant (HMGMA).

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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 intends to establish a leadership position in the global EV market by responding to fast-growing global consumer demand for EVs.

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