Hyundai to launch six pure electric vehicles in India by 2028, to invest Rs 4,000 crore into EV R&D
3 years ago

Hyundai to launch six pure electric vehicles in India by 2028, to invest Rs 4,000 crore into EV R&D

Firstpost  

Over the next six years, Hyundai India will introduce six battery EVs built on modified versions of existing platforms as well as on the E-GMP architecture. In big news for the Indian automotive sector, Hyundai has announced it will invest around Rs 4,000 crore to launch six all-electric vehicles in India by 2028. The first of these six models – expected to be the all-new Hyundai Ioniq 5 crossover – will be launched in 2022, confirmed Hyundai Motor India MD & CEO Seon Seob Kim to PTI. Keeping in line with this thought, we will introduce our dedicated BEV Platform E-GMP as well as modified platforms for battery electric vehicles in India,” Kim noted.

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History of this topic

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
5 days, 2 hours ago

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs

India TV News  

Union minister Nitin Gadkari today said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and it will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the '8th Catalyst Conference on Sustainability of E-Vehicle Industry - Evexpo 2024', Gadkari said the estimated electric vehicles finance market size will be around …

Hyundai Motor India to boost EV infrastructure, plans to install 600 EV fast chargers in 7 years
2 weeks, 1 day ago

Hyundai Motor India to boost EV infrastructure, plans to install 600 EV fast chargers in 7 years

India TV News  

Hyundai Motor India plans to install around 600 electric vehicle fast charging stations across the country over the next seven years. Research has shown that many potential EV drivers are hesitant to take long trips on highways because they worry about finding charging stations along the way. The company has also partnered with the Tamil Nadu government to establish 100 …

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs
2 weeks, 5 days ago

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs

Live Mint  

Hyundai Motor India on December 5 said that it will hike prices of all its cars by up to ₹25,000 from January 2025, due to rising costs impacting profitability, according to a Reuters report. “At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. About Hyundai Motor India …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
3 weeks, 4 days ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

India to expand EV manufacturing incentives after Tesla disappointment, source says
3 weeks, 4 days ago

India to expand EV manufacturing incentives after Tesla disappointment, source says

Live Mint  

* Incentives to be expanded to automakers using existing plants * Policy originally designed to lure Tesla to manufacture in India * Changes designed to encourage EV investment by other automakers * Policy rules expected to be finalised by March 2025 By Aditi Shah NEW DELHI, Nov 29 - India plans to expand electric vehicle incentives to automakers building models …

Hyundai Creta EV launch in India at Bharat Mobility 2025
3 weeks, 5 days ago

Hyundai Creta EV launch in India at Bharat Mobility 2025

India Today  

Hyundai Motor India will launch the Creta EV in the country at Bharat Mobility Global Expo 2025, which will start on January 17 and continue till January 22. Hyundai Creta EV launch According to our sources, the Hyundai Creta EV launch in India will most likely take place on January 17. Hyundai Creta EV features The Creta EV will retain …

Mahindra BE 6e, Hyundai Creta EV And Maruti E Vitara To Woo Indian EV Buyers
1 month ago

Mahindra BE 6e, Hyundai Creta EV And Maruti E Vitara To Woo Indian EV Buyers

ABP News  

The Indian EV space is still in its nascent stage with few players but over the course of the next two months all that could change. Bigwigs like Maruti Suzuki, Hyundai and Mahindra will join current EV players Tata and MG to launch new offerings in the compact SUV space. The BE 06 would have battery packs ranging from 59kWh …

Hyundai India to set up a solar and wind energy plant in Tamil Nadu for 100% renewable energy transition goal
1 month ago

Hyundai India to set up a solar and wind energy plant in Tamil Nadu for 100% renewable energy transition goal

Hindustan Times  

Hyundai Motor India Limited will be setting up two renewable energy plants in Tamil Nadu for ₹38 crore as part of its target of transitioning to using 100% renewable energy by 2025. “Through this agreement, we will be supplying HMIL with over 25 crore units of clean energy every year, which will help the company mitigate CO2 emissions by 2 …

Hyundai to set up 2 renewable energy plants with Rs 38 crore investment in Tamil Nadu
1 month ago

Hyundai to set up 2 renewable energy plants with Rs 38 crore investment in Tamil Nadu

India Today  

Hyundai Motor India has announced that it will set up two renewable energy plants with an investment of Rs 38 crore in Tamil Nadu. The strategic partnership aims to enhance Hyundai's renewable energy portfolio and transition to 100% renewable electricity across its manufacturing operations by 2025. As part of the partnership, Hyundai will invest Rs 38 crore towards setting up …

100 units of this EV delivered in Hyderabad. Not Tata Nexon, MG ZS EV, Mahindra XUV400
1 month ago

100 units of this EV delivered in Hyderabad. Not Tata Nexon, MG ZS EV, Mahindra XUV400

India Today  

JSW MG Motor India has delivered 100 units of the recently launched electric vehicle, the MG Windsor, in Hyderabad. Also, it emerged as the best-selling electric car in India in October with sales of 3,116 units, contributing almost 30% to the total electric car sales in the country during the month. Under Telangana Electric Vehicle & Energy Storage Policy 2020-2030, …

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO
1 month ago

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO

Live Mint  

New Delhi: The Union government is planning to use electric vehicles for its operations, and will urge states to follow suit, Tarun Kapoor, adviser in the Prime Minister's Office said on Tuesday. States will be incentivized to electrify their government fleets through interest-free loans from the Centre, Kapoor told the EV industry at the FICCI National Conference on Electric Vehicles …

‘Marathon not a sprint’: Audi India head on EV adoption
1 month, 1 week ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

e Vitara to electrify Maruti's EV dream in India
1 month, 2 weeks ago

e Vitara to electrify Maruti's EV dream in India

India Today  

The e Vitara, Suzuki Motor Corporation's first battery electric vehicle model, has been revealed in Milan, Italy. Although the e Vitara will power Maruti's EV dream in India, almost 50% of the total units produced will be exported to Europe and Japan. The e Vitara is based on the eVX concept model, which made its global debut at Auto Expo …

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'
2 months, 1 week ago

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'

Daily Mail  

Bosses from 13 major manufacturers have written to the Chancellor pleading for a fresh wave of electric vehicle incentives to turbocharge floundering sales. Independent transport research organisation New Automotive tracks major car makers and their current sales performance in relation to meeting ZEV mandate targets. Stellantis - which is one of the world's largest car conglomerates - is predicted to …

Best new electric cars: 17 EVs to look forward to in 2025 and beyond
2 months, 3 weeks ago

Best new electric cars: 17 EVs to look forward to in 2025 and beyond

The Independent  

There are already over 100 models of electric car available to buy in the UK, and that number is going up all the time. Alfa Romeo Junior open image in gallery The Alfa Romeo Junior is an all-electric family hatchback to cost from around £33,000 Expected price: From £33,895 From £33,895 Launch date: Second half of 2024 Alfa’s first electric …

EVs to reach cost parity with ICE in 2 years: Gadkari
3 months, 2 weeks ago

EVs to reach cost parity with ICE in 2 years: Gadkari

The Hindu  

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the Finance and Heavy Industries Ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association at New Delhi, Mr. Gadkari, the Minister for Road …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Battery electric vehicle sales cross 1 crore mark globally this year: Report
5 months, 3 weeks ago

Battery electric vehicle sales cross 1 crore mark globally this year: Report

India TV News  

This year, the sale of battery electric vehicles is expected to reach the 10-million milestone, demonstrating a significant accomplishment for the global passenger vehicle market. "By revamping supply chains and preparing to produce affordable EVs priced below $35,000, automakers like Ford, GM, Stellantis, and Volkswagen are positioning themselves to compete with market leaders," said research analyst Abhik Mukherjee. "These tariffs …

Hyundai unveils Inster EV for global market
5 months, 3 weeks ago

Hyundai unveils Inster EV for global market

Deccan Chronicle  

Pune: Hyundai, the South Korean auto giant, on Thursday unveiled its all-new entry-level electric model, the Inster EV SUV. The new Hyundai Inster EV is based on the Casper SUV, and once launched, it will be the brand's smallest and most affordable electric vehicle offered globally. “With its expanded dimensions, Inster EV is positioned squarely between traditional A-segment sub-compact city …

Hyundai steps on the gas for extended-range of EVs: Report
6 months ago

Hyundai steps on the gas for extended-range of EVs: Report

India TV News  

Hyundai Motor Group is reportedly strengthening its electric vehicle battery supply chain and internal production capacity, as the world's third-largest auto group is looking forward to present price-competitive EV models with better driving ranges. As per the Yonhap news agency reports, the SQM deal marked Hyundai's third lithium hydroxide supply contract signed this year after the ones with Chinese companies …

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds
6 months, 3 weeks ago

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds

Hindustan Times  

The increased adoption of electric vehicles across two, three, and four-wheeler segments in India, driven by government schemes, is transforming the country's transportation sector. GHG emissions reduction scenario for HDVs by 2030 The ICCT study modelled future changes in India’s electricity grid using projections from the International Energy Agency scenarios. Meanwhile, for the categorisation under powertrain and fuel type, in …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

Hyundai Motor Group to make India a global export hub: Says the chief
7 months, 4 weeks ago

Hyundai Motor Group to make India a global export hub: Says the chief

India TV News  

Hyundai Motor Group's chief visited India recently and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker. Euisun Chung, Hyundai Motor Group's executive chair, visited the group's Indian headquarters in Gurugram, Haryana on Tuesday and discussed medium- to long-term strategies for the Indian market with employees. …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Hyundai Motor, Kia enter into pact with Exide Energy for EV battery localisation in India
8 months, 2 weeks ago

Hyundai Motor, Kia enter into pact with Exide Energy for EV battery localisation in India

The Hindu  

Hyundai Motor Co. and Kia Corporation announced that they have entered into a pact with Exide Energy Solutions Ltd. for localisation of electric vehicle batteries in India. The partnership with Exide Energy enables Hyundai Motor and Kia to equip future EVs in the Indian market with locally-produced lithium-iron-phosphate cells, said the Korean carmaker in a statement. This strategic cooperation with …

Hyundai, Kia partner with Exide Energy for EV battery localisation in India
8 months, 2 weeks ago

Hyundai, Kia partner with Exide Energy for EV battery localisation in India

Business Standard  

India is a key market for vehicle electrification due in part to the government's carbon neutrality goals South Korean auto majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with homegrown battery maker Exide Energy Solutions Ltd for electric vehicle battery localisation in India. Hyundai Motor Company and group firm Kia Corporation have signed a Memorandum of …

Hybrid cars can act as a bridge to carbon-free mobility
8 months, 3 weeks ago

Hybrid cars can act as a bridge to carbon-free mobility

Live Mint  

For all the policy promotion of electric vehicles, their sales figures in India have been a disappointment as far as four-wheelers go. This may explain why transport minister Nitin Gadkari has sent a proposal to the finance ministry, as reported, to place hybrids in the same 5% GST bracket as EVs. It may be time, however, to incentivize hybrids too …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024
8 months, 3 weeks ago

EV sales slowdown: Goldman Sachs predicts bear-case scenario for 2024

Hindustan Times  

A Goldman Sachs research report on electric vehicles says the EV uptake is at a turning point, and hybrids and plug-in hybrids are giving tough competition. Goldman Sachs report says this is due to concerns about three factors: EV capital cost due to lower prices of used EVs, poor visibility on government policy visibility, and a shortage of rapid charging …

MG Motor And JSW Unveil Cyberster, MG4, And MG5 In India
9 months ago

MG Motor And JSW Unveil Cyberster, MG4, And MG5 In India

ABP News  

With a new joint venture MG Motor and JSW have shared plans for an aggressive product launch strategy which will see a new product launch every few months. While exact products were not shared, there were three new cars from the global MG lineup, and JSG Group MD, Sajjan Jindal said that the focus will be on EVs while they …

New e-vehicle policy aims to attract foreign investment
9 months, 1 week ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 1 week ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Hyundai India Targets RE100 Benchmark With 100 Percent Renewable Energy By 2025
9 months, 3 weeks ago

Hyundai India Targets RE100 Benchmark With 100 Percent Renewable Energy By 2025

News 18  

Hyundai Motor India has announced its goal to achieve 100 percent renewable energy usage by 2025, aligning with the global RE100 benchmark. Hyundai’s strategy includes the procurement of green electricity from the Indian Energy Exchange, boosting its renewable energy portfolio to 64 percent. This effort has already resulted in substantial energy savings, equivalent to approximately 19,200 tonnes of oil, through …

Hyundai Launched Rapid EV Charging Stations Across India, Making Electric Travel Easier
10 months, 1 week ago

Hyundai Launched Rapid EV Charging Stations Across India, Making Electric Travel Easier

News 18  

Hyundai Motor India Ltd., known for its smart mobility solutions, has successfully expanded its Ultra-High Speed Public EV Charging Network in key cities and highways across India. According to press release, Mr. Jae Wan Ryu, Executive Director of Hyundai Motor India Ltd., stated, “At Hyundai Motor India Ltd., we have always strived to create new benchmarks and lead the industry …

Budget 2024: Govt to expand electric vehicle ecosystem to support charging infra, says Sitharaman
10 months, 3 weeks ago

Budget 2024: Govt to expand electric vehicle ecosystem to support charging infra, says Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman on Thursday presented the interim Budget 2024-25. Sitharaman said that the government will expand the electric vehicle ecosystem to support charging infrastructure. On January 22, Department for Promotion of Industry and Internal Trade secretary Rajesh Kumar Singh said that the development and adoption of electric vehicles play a pivotal role in India's transition to a …

Odisha clears incentive package for JSW Group’s electric vehicle, battery plants
11 months ago

Odisha clears incentive package for JSW Group’s electric vehicle, battery plants

Hindustan Times  

BHUBANESWAR: The Naveen Patnaik-led Odisha cabinet on Monday approved a special incentive package for the Sajjan Jindal-led conglomerate JSW Group’s electric vehicle and component manufacturing projects in Naraj, Cuttack and Paradip, saying they involve a combined investment of ₹40,000 crore, hold the potential to create 11,000 jobs and “usher in a new era of industrial growth and job creation in …

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory
1 year, 1 month ago

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory

Firstpost  

Tesla is expected to invest about $2 billion initially for its manufacturing plant. Tesla may also explore the possibility of manufacturing its batteries in India It seems that Tesla is set to enter the Indian market in 2024, first through imported cars and then later selling India-made Teslas. India is reportedly on the verge of finalizing an agreement with Tesla …

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
1 year, 1 month ago

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025

Associated Press  

ELLABELL, Ga. — The steel skeletons of buildings where Hyundai will stamp, weld, paint and assemble electric vehicles in Georgia span more than a half mile on a sprawling site dotted with so many cranes, bulldozers and construction workers that it almost looks like they’re building a small city. A year has passed since Hyundai Motor Group broke ground on …

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025
1 year, 1 month ago

Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. A year has passed since Hyundai Motor Group broke …

Kia unveils compact electric SUV and EVs to expand affordable EV lineup
1 year, 2 months ago

Kia unveils compact electric SUV and EVs to expand affordable EV lineup

Live Mint  

Kia Corp. introduced a compact electric sport-utility vehicle and revealed two concept EVs as part of its expansion into more affordable models to cater to cost-conscious drivers. These three models are integral to Kia's strategy to introduce more affordable EVs, with price points ranging from $35,000 to $50,000, aimed at promoting the broader adoption of electric cars. Kia's smaller EVs …

Kia to expand capacity in India only after 2025
1 year, 2 months ago

Kia to expand capacity in India only after 2025

Live Mint  

New Delhi: Kia India, the Indian subsidiary of South Korea’s Kia Corp., one of the leading sport utility vehicle makers in India, will explore capacity expansion options only after 2025, despite its facility at Anantpur in Andhra Pradesh operating at more than 100% capacity, a senior company executive told Mint. Kia’s Andhra unit, which started with a capacity of 300,000 …

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why
1 year, 3 months ago

World EV Day 2023: Industry Stakeholders Pitch for Electric Vehicles, Here's Why

News 18  

As India doubles down on its electric vehicle dream with a push for local manufacturing, leading EV and industry stakeholders on Friday said it is a perfect time to create awareness and encourage a move toward environmentally-friendly transportation. India saw 120 per cent growth in electric vehicles in the second quarter of this year, driven by a 400 per cent …

Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant
1 year, 3 months ago

Hyundai and LG will invest an additional $2B into making batteries at Georgia electric vehicle plant

Associated Press  

SAVANNAH, Ga. — Hyundai Motor Group and LG Energy Solution said Thursday they will spend an additional $2 billion and hire an extra 400 workers to make batteries at the automaker’s sprawling U.S. electrical vehicle plant that’s under construction in Georgia. The additional investment and jobs announced Thursday doesn’t mean the Hyundai/ LG battery plant will produce more batteries, Hyundai …

MG Motors launches new electric vehicle (EV) SUV-ZS with Autonomous Level 2 technology
1 year, 5 months ago

MG Motors launches new electric vehicle (EV) SUV-ZS with Autonomous Level 2 technology

India TV News  

British car manufacturer MG Motor India has unveiled its latest electric vehicle, the "SUV-ZS," equipped with Autonomous Level 2 technology and boasting 17 Advanced Driver Assistance Systems features. Image Source : FILEMG Motors' new electric vehicle SUV-ZS The ZS EV is equipped with an 8-layer hairpin motor that delivers 176PS power, enabling a remarkable acceleration from 0 to 100 km/h …

Ingar Electronics: The Future Is EV
1 year, 5 months ago

Ingar Electronics: The Future Is EV

The Quint  

The impact of climate change has been well-documented, from heat waves, and floods to crop failure. Most automotive are banking on EVs as a sustainable solution to the current transportation systems wherein they can reduce greenhouse gas emissions, combat air pollution, and cut down reliance on fossil fuels. But the EV infrastructure needs to be improved, including charging infrastructure, battery …

How is the EV industry driving India towards a sustainable future?
1 year, 6 months ago

How is the EV industry driving India towards a sustainable future?

Deccan Chronicle  

Changing climatic conditions are profoundly impacting the consciousness of humanity. EVs in India have emerged as a successful alternative to traditional ICE vehicles that emit harmful emissions into the environment. Particularly when compared to ICE vehicles and exhaust systems, electric motors are relatively quieter and, as a result, generate less noise pollution. EVs as promoters of green growth India is …

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky
1 year, 6 months ago

Toyota to invest $2.1 billion more in N.C. battery plant, will build big SUV at factory in Kentucky

Associated Press  

FRANKFORT, Ky. — Toyota will invest another $2.1 billion in an electric and hybrid vehicle battery factory that’s under construction near Greensboro, North Carolina. Susan Elkington, president of Toyota Motor Manufacturing Kentucky, said the new vehicle reflects the company’s “journey toward an electrified future.” Toyota will tap into a “growing market segment” with its new three-row SUV, Elkington said. She …

Hyundai and LG announce $4.3 billion plant in Georgia to build batteries for electric vehicles
1 year, 6 months ago

Hyundai and LG announce $4.3 billion plant in Georgia to build batteries for electric vehicles

Associated Press  

ATLANTA — Hyundai Motor Group and LG Energy Solution announced Thursday they will build a $4.3 billion electric battery plant as part of Hyundai’s new electric vehicle assembly plant in southeast Georgia. Hyundai Motor Co. CEO Jaehoon Chang said in a statement that the battery plant would “create a strong foundation to lead the global EV transition,” explaining the company …

Hyundai Motors, LG Energy to setup $4.3 billion EV battery plant in US
1 year, 6 months ago

Hyundai Motors, LG Energy to setup $4.3 billion EV battery plant in US

Hindustan Times  

South Korea's Hyundai Motor Group and LG Energy Solution Ltd on Friday said they will build a $4.3 billion electric vehicle battery plant in the United States amid a push to take advantage of tax credits. In April, Hyundai Motor finalised a $5 billion EV battery joint venture in the United States with SK On. Hyundai Motor Group, the world's …

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