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

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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. The Hyundai Elantra Hybrid, LPi hybrid vehicle introduced in 2009, was the Group’s first electrified model.

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Magna forms e-powertrain joint venture in China with SAIC Motor subsidiary

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HASCO), a subsidiary of SAIC Motor. For the initial customer order, the JV will leverage Magna’s highly integrated e-drive system with a focus on the production of the system mainly for the Chinese market. The new-energy vehicle (NEV) market will continue to grow at a rapid speed in China. Click to enlarge.

Motors 199
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Hyundai Motor Group to invest €80M in Rimac; collaborating on high-performance EV and FCEV prototypes by 2020

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Hyundai Motor Group and Rimac Automobili (Rimac) announced a strategic partnership aimed to strengthen the Group’s efforts to lead the high-performance electrified vehicle market and enhance its status as a game changer in Clean Mobility. —Euisun Chung, Executive Vice Chairman of Hyundai Motor Group.

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Nikkei: GS Yuasa entering EV battery market as early as next year

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GS Yuasa will shift its focus from hybrids to enter the market for electric-vehicle batteries as early as next year, according to a report from the Nikkei. and Blue Energy, a venture with Honda Motor. and Blue Energy, a venture with Honda Motor. million lithium-ion batteries for hybrids since 2009.

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Daimler to take 12% stake in BAIC Motor

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According to a new binding agreement, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group. Daimler’s investment will take place through the issuance of new shares corresponding to a 12% stake in BAIC Motor. Daimler’s shareholding in BAIC Motor is subject to the approval by the relevant authorities.

Motors 247
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Honda to unveil prototype of Gen 3 Insight hybrid at Detroit show; two-motor hybrid system

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The new Insight features the latest generation of Honda’s innovative two-motor hybrid system and will launch next summer as the newest electrified vehicle in the Honda lineup. It was the first Honda vehicle to utilize Honda’s Integrated Motor Assist (IMA) hybrid system. Teaser shot of third-generation 2019 Insight.

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Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

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Used Priuses, especially the Generation 2 that were made from 2004 to 2009 are becoming a bargain to buy, especially for the MPG and features you get in return. There is no need for a starter motor nor clutch in Toyota’s hybrid system. During reversing, the Prius is powered only by the electric motor. How did it all start?

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