Hyundai, LG Energy Solution To Invest US$7.6 Billion In New US Factory
The total investment scale for the electric vehicle-specific factory and battery cell joint venture factory that Hyundai Motor Group and LG Energy Solution are building in the state of Georgia in the U.S. has been confirmed at US$7.59 billion. This…
Hyundai And LG To Spend An Extra $2B On Their US EV Battery Plant
Hyundai Motor Group and LG Energy Solution (LGES) are going to inject an additional $2 billion into their $4.3 billion US EV battery factory. Carmaker Hyundai and lithium-ion battery maker LGES signed a memorandum of understanding at LGES’s headquarters in…
Hyundai IONIQ 5 EV Sales Soar, Breaking New US Monthly Record In July
Hyundai Motor America had a record month in July, with IONIQ 5 electric SUV sales reaching their highest monthly total. The automaker’s second dedicated EV, the IONIQ 6, is also seeing high demand. Randy Parker, CEO of Hyundai Motor America, says “green…
GM And Six Other Automakers Unite To Create EV Fast Charging Infrastructure Across North America
An alliance of seven major automakers that includes GM as well as BMW, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis has shaken hands on building a network of EV fast chargers that will include tens of thousands of individual “high-powered charge…
Hyundai Motor Eyes EV Charger Alliance in US To Take On Tesla
South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectively invest at least $1 billion and build thousands of electric vehicle chargers in the US, the Wall Street Journal reported on Wednesday. The…
Hyundai, Kia’s EV Sales in U.S. Rise 5.9 pct in H1
Hyundai Motor Co. and its smaller affiliate Kia Corp.’s electric vehicle (EV) sales rose 5.9 percent in the United States during the January-June period from a year earlier amid accelerating electrification, an industry association said Sunday. Hyundai and Kia sold…
Hyundai And TEN Advertising Showcase EV-Powered Lifestyle In New Asian American Campaign For IONIQ 5 And 6
Hyundai Motor America and its Asian American marketing agency of record, TEN Advertising, launched their new campaign featuring the all-electric vehicle models, IONIQ 5 and the all-new IONIQ 6. The “Hot Place” campaign for the IONIQ was developed to achieve resonance…
Hyundai Eyes Second North American EV Assembly Plant
The Hyundai Motor Group is already eyeing its second North American EV assembly while its first is still under construction in Bryan County, Georgia. According to Hyundai Auto Canada’s CEO, Don Romano, “Canada’s going to be part of that conversation.” Hyundai initially revealed…
US Opens Safety Probe Into Hyundai Ioniq 5 EVs Over Power Loss Reports
U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it…
SK Set To Produce Faster EV Chargers Than Tesla In US
South Korea’s SK Signet Inc. is poised to produce electric vehicle chargers with the fastest charging speed in the US, targeting the ultra-fast charger market dominated by Tesla Inc. The SK Group unit on Monday completed construction on its state-of-the-art manufacturing plant for EV…
