Baua Electric

FEBRUARY 27, 2024

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.

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Teslarati

MAY 31, 2023

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. based battery plant.

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Teslarati

JANUARY 8, 2024

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which holds the fourth-largest share in the US car market.

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Teslarati

APRIL 25, 2023

Hyundai and SK On recently released more information on its battery cell production facility in the United States. The South Korean companies invested $5 billion in Bartow Country, Georgia, to build the EV battery plant. Each company is taking a 50% stake in the Georgia battery facility.

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Baua Electric

APRIL 25, 2024

Following similar announcements from rivals, Hyundai is adding more hybrids to its lineup as a bridge to its next-gen EVs. Hyundai will add hybrid production lines at its dedicated EV plant in Georgia as demand rises. Hyundai Q1 2024 sales by region (Source: Hyundai) Overall, EVs accounted for 4.5% (vs 6.5%

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Baua Electric

FEBRUARY 2, 2024

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. Hyundai will build the chassis, while Iveco will customize the electric vans, distributing them through its network.

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Teslarati

APRIL 22, 2024

In April 2023, SK On and Hyundai announced a $5 billion investment in Bartow County, Georgia, for a battery production facility. 4 EVs with SK On battery component became eligible for the Inflation Reduction Act’s (IRA) full $7,500 tax credits. 4 is among the few electric vehicles eligible for full IRA tax credits.

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Baua Electric

JANUARY 16, 2024

New incentives can make the 2024 Hyundai Ioniq 6 much cheaper than the newly updated Tesla Model 3, according to CarsDirect. But for those purchasing rather than leasing, the rebate drops the Hyundai’s base price from $38,615 to $31,115. Hyundai already gave the Ioniq 6 a $4,100 price cut for 2024 , versus 2023.

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Baua Electric

MAY 26, 2023

“We will create a strong foundation to lead the global EV transition through establishing a new EV battery cell plant with LG Energy Solution, a leading global battery producer and long-time partner,” Jaehoon Chang, CEO of Hyundai Motor Co. Hyundai is making plans to make investments $5 billion on every other battery plant with SK On Co.

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Baua Electric

JANUARY 25, 2024

Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023. billion EV and battery plant in late October.

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Baua Electric

MARCH 12, 2024

After the IONIQ 5 earned Hyundai’s first N-brand treatment, it’s now due for a rugged, off-road XRT upgrade. Hyundai revealed the new IONIQ 5 refresh earlier this month, which includes several design upgrades, a bigger battery (with more range), and an added rear wiper. It’s expected to be built at Hyundai’s new $7.6

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Baua Electric

FEBRUARY 29, 2024

Is Hyundai developing a luxury electric sedan? Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. Hyundai was the fourth best-selling EV brand last year. A report from Korea’s ET News claims Hyundai is developing a massive 113.2

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Baua Electric

MARCH 11, 2024

As the Hyundai IONIQ 9 gets closer to its official debut, we are finally getting a sneak peek of what we can expect. Hyundai’s first three-row electric SUV was spotted testing, revealing its large body and sleek design. Hyundai is already making its presence known in the global EV market with its current IONIQ 5 and IONIQ 6.

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Teslarati

OCTOBER 3, 2022

Hyundai has reported record Q3 sales, mirroring its Kia sister brand. Hyundai/Kia continues to grow their sales in the US and are finding a lot of success in their electric vehicle offerings. The brand’s best-selling vehicles are the Hyundai Tucson, Elantra, and Santa Fe. Credit: Hyundai.

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Baua Electric

JULY 12, 2023

The Korean automaker stated the corporate will upload about 200 jobs to form the three-row crossover along 4 alternative fashions on the West Level, Georgia, plant. A emerging quantity of EV and battery investments had been made in Georgia. Hyundai one after the other unpriviledged farmland in October on a $5.54

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Baua Electric

MAY 2, 2024

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. CarsDirect notes that the Honda Fit EV qualifies, but the Hyundai IONIQ Electric doesn’t.

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Baua Electric

JANUARY 22, 2024

I was present at that unveiling and felt early on that if Kia and Hyundai Motor Group could deliver an EV that looked similar, offered maximum interior space, and had above-average range; it would be a home run with consumers… as long as the price was right too. I foresee it doing well globally, especially in the SUV-crazed US. I’d argue no.

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Green Car Congress

JULY 21, 2016

Georgia Power. Southern Company: Georgia Power. It will also list current tax credits and incentives applicable to EV charging. Southern Company: Georgia Power. Dayton Power & Light Company. Duke Energy. Edison Electric Institute. Electric Drive Transportation Association (EDTA). Eversource Energy. General Motors.

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Blink Charging

DECEMBER 15, 2023

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. This tax credit is applicable to qualifying clean vehicles placed into service within the current year, and it’s claimed in the year you take delivery. free-trade agreement partner country.

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Baua Electric

MARCH 4, 2024

Meanwhile, pure EV makers like Tesla and Rivian and overseas rivals like Hyundai and Volvo are taking advantage of the transition. Hyundai is opening its first EV and battery plant in the US, a massive $7.6 billion site in Georgia. Rivian’s R1S electric SUV was the seventh best-selling EV last year, with over 24,783 units sold.

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Teslarati

SEPTEMBER 2, 2022

Foreign and domestic automakers were quick to criticize the electric vehicle tax incentive system found within the Inflation Reduction Act. And one company that has been hit particularly hard by these regulations is Hyundai/Kia. The South Korean manufacturer currently has no U.S.-based According to Reuters , the U.S.

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Baua Electric

JANUARY 3, 2024

built EV9s that will come from Kia’s assembly plant in West Point, Georgia. That leads to the final point: The EV9 is expected at that time to be eligible for at least some of the EV tax credit. The first models come from South Korea, but that’s set to change by mid-2024 with the arrival of U.S.-built

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Clean Fleet Report

JANUARY 23, 2024

Built on an all-new dedicated EV-only platform, which will see service on future EVs from Kia as well as models from sibling brands Hyundai and Genesis. Speak with your tax advisor and dealer sales representative for clarification and details. which also means it may qualify for the federal and state tax incentives.

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EV Match

AUGUST 29, 2022

The IRA, which, in addition to its climate-centric provisions, includes important steps to curb healthcare costs, particularly in the form of inflated prescription drug prices, crack down on tax cheats and revitalize U.S. And what about changes to the EV tax credit? carbon sequestration (capture and storage, i.e.).

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