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LG Energy Solution cuts investments after weak earnings

Teslarati

W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. So, we’re seeing much more competitive prices for sales from our suppliers, dramatically more competitive than in the past. billion won (US$114 million).

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EIA: State tax rates for retail gasoline and diesel increased in 13 states in 2023

Green Car Congress

Other states, including Florida, Georgia, and Maryland, will also end their suspensions of at least some part of their taxes on motor fuels during 2023. The businesses involved in these transactions pay the taxes, but the cost is passed on to the ultimate consumer as part of the market price for the product.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Hyundai is investing $7.59

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Anaheim Transportation Network orders 40 BYD electric buses; 57% electric fleet by 2020

Green Car Congress

ATN was one of 28 California projects selected in 2018 to receive a grant from the Transit and Intercity Rail Capital Program (TIRCP), which provides awards from the Greenhouse Gas Reduction Fund to help finance transformative, reduction-of-emission capital improvements.

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2024 Hyundai Ioniq 6 undercuts Tesla Model 3 by more than $9,000

Baua Electric

A dealer bulletin shows that all versions of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus cash”—a rebate that can essentially be applied only to purchases, and not with Hyundai’s current low-interest financing, CarsDirect notes. So it appears that the company wants to stay very competitive on price.

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Rivian barely beats earnings expectations, bucking industry trend

Teslarati

According to Yahoo Finance, this contributed to slightly beating investor expectations, set at $657.7 Specifically, its stock price has collapsed by just over 85% since its IPO, and the price targets set by institutional investors have followed in tow. Rivian reported an earnings-per-share (EPS) loss of $1.77.

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Hyundai to launch a new rugged off-road IONIQ 5 XRT model in the US

Baua Electric

Hyundai has yet to launch the new IONIQ 5 in the US, but prices stayed about the same in Korea at around 52,400,000 KRW ($39,400). 2024 Hyundai IONIQ 5 (Source: Hyundai) The 2024 IONIQ 5 starts at $41,800 in the US, but Hyundai has introduced significant incentives , including a $7,500 EV lease bonus and rare 0% APR Financing.

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