article thumbnail

LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

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.

article thumbnail

Report: EV tax credit rules might accelerate Hyundai timeline for US-built EVs

Green Car Reports

New federal EV tax credit rules requiring greater domestic content could accelerate Hyundai's timeline for building electric cars in the United States, according to a recent Reuters report.

article thumbnail

Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 A study by the Center for Automotive Research estimated that Hyundai’s investments in Georgia will create about 40,000 jobs and result in $4.6

Hyundai 105
article thumbnail

Hyundai breaks ground on training center in Georgia

Teslarati

Hyundai recently broke ground on its training center in Georgia. The Hyundai Mobility Training Center is operated by Georgia Quick Start. The Hyundai Mobility Training Center will focus on the electric vehicle (EV) market in the United States. Hyundai decided to accelerate the construction of its $7.6

Georgia 109
article thumbnail

Hyundai & Kia take second place after Tesla in US EV sales

Teslarati

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.

Kia 117
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

article thumbnail

Hyundai & SK On aims for 35 GWh battery facility for 300k EV production in the US

Teslarati

Hyundai and SK On recently released more information on its battery cell production facility in the United States. US battery guidance might slash IRA EV Tax credits Hyundai will use the cells to produce Hyundai, Kia, and Genesis EV models within the United States.

Hyundai 89