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South Korea welcomes US decision to extend use of Chinese graphite in EVs – ET Auto

Baua Electric

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The ministry said South Korean battery makers, including LG Energy Solution, Samsung SDI and SK On that attended the meeting, welcomed the reprieve.

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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. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

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Kia will push EV leasing to harvest tax credit score boon

Baua Electric

. “There’s been a bit of a pause in the industry for some brands on electric vehicle sales as everyone sorted out the tax implications of the Inflation Reduction Act,” Watson defined. On account of the tax credit score adjustments, Kia expects leasing as a proportion of its EV trade to extend from 15 p.c

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

As Automotive News pointed out, the shift is likely tied to Kia’s electrification ambitions. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S.

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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

The new model will join several hybrids also in development, along with at least on South Korea-only model expected to debut at the same time as the EV3. Kia is also moving to improve its North American EV manufacturing footprint. Image: Kia] Become a& TTAC& insider.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

News: 2023 Genesis Electrified GV70 AWD First Genesis Built in the U.S. The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. The last one is no small thing.

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Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 Thomas, Ontario.

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