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

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 With the new announcement, the EV manufacturing facility and the battery JV represents an estimated $7.59

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. Hyundai and LGES will each hold a 50% stake in the JV, which will involve an investment of more than US$4.3

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AISIN to invest more than $200M in new production lines for two-motor hybrid transmissions in N Carolina

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AISIN Corporation, the fifth-largest Tier 1 auto supplier in the world, announced today that it will launch two new production lines with a total anticipated investment of more than $200 million at its AISIN North Carolina Corporation (ANC) facility in Durham, North Carolina.

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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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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

All car manufacturers seem to be following in the same footsteps as Tesla. This shift is also taking place in other motorized segments including trucks and mining machinery. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5%

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Hyundai Motor Group’s HTWO to supply ENGINUS with fuel cell systems for commercial trucks

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Hyundai Motor Group’s dedicated fuel cell system brand HTWO will supply ENGINIUS , a subsidiary of FAUN Group, with fuel cell systems for mass production of hydrogen-powered commercial trucks. ENGINIUS is Europe’s first truck manufacturer with an EU-type approval for FCEVs. ENGINIUS BLUEPOWER.

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Electrified Automation awarded £6M to further development of new manufacturing process for electric motors; PIMMS

Green Car Congress

million) in government funding to further develop its innovative process for manufacturing electric motors that are more cost-competitive, powerful and efficient than many of the products currently available in the marketplace. UK-based Electrified Automation has been awarded £6 million (US$7.4