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Hyundai Motor Group and LG Energy Solution to invest additional $2B in Georgia battery manufacturing JV

Green Car Congress

Hyundai Mobis will assemble battery packs using cells from the plant, then supply them to the Hyundai Motor Group’s US manufacturing facilities for production of Hyundai, Kia, and Genesis EV models. In fiscal year 2023, job creation in the automotive industry increased by 324% when compared to FY21.

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Hyundai Mobis to invest $926M in EV systems plant in Georgia

Green Car Congress

The EV Power Electric system plant will expand Hyundai Mobis’ current footprint in Georgia. Hyundai Mobis has operated a manufacturing facility with almost 1,200 employees in West Point since 2009 as the largest Tier 1 supplier to Kia Georgia. billion in investment and announced more than 18,100 jobs in Georgia.

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Hyundai connects with Dutch infrastructure for real-time traffic data

Teslarati

Hyundai and the Dutch Government plan to deploy smart mobility and connectivity services to Hyundai and Kia vehicles in the Netherlands. The collaboration will be between Hyundai Motor Group’s AVP (Advanced Vehicle Platform) Division, Kia Connect GmbH, and Dutch infrastructure systems.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. Toyota Group remains the global auto industry leader, with an operating profit of $7.15 Toyota Group remains the global auto industry leader, with an operating profit of $7.15 billion, slightly below Hyundai.

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Report: Hyundai May Choose Georgia for EV Plant

The Truth About Cars

Hyundai Motor Group has been considering where to establish its planned EV manufacturing hub for the United States for roughly a year now and is reportedly zeroing in on the State of Georgia as a final destination. The post Report: Hyundai May Choose Georgia for EV Plant appeared first on The Truth About Cars.

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Rivian’s 2nd plant most likely to land in Georgia, stock responds

Teslarati

Rivian Automotive ( NASDAQ: RIVN ), fresh off of the first deliveries of its R1T all-electric pickup, is set to have its second United States plant land in Georgia. A new report claims that Rivian, based in Normal, Illinois, will bring a second electric vehicle manufacturing plant to the United States by building it in Georgia.

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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia’s first three-row electric SUV is off to a good start. However, Kia will accelerate EV9 momentum with plans to begin US production by May. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Starting under $55,000, Kia calls its electric family move an “industry wake-up call.”