Auto Industry Georgia Global Group 
Teslarati
MAY 13, 2024
Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09 billion, slightly below Hyundai.
Teslarati
MAY 31, 2023
Hyundai Motor Group and LGES signed a memorandum of understanding on May 26 in Seoul, Korea, for a battery cell manufacturing facility in Bryan County, Savannah, Georgia. Hyundai Motor Group is focusing on its electrification efforts to secure a leadership position in the global auto industry.
Cars That Think
JANUARY 17, 2023
By some estimates, upwards to 80,000 auto workers and a similar number in the auto supply chain have already been laid off globally to support the EV transition. The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable.
Charged EVs
JULY 29, 2021
It’s the first of 23 new battery-electric vehicles the company plans to launch by 2025, under three brands, and they’re targeting total global sales of a million EVs by the end of that year. First sales this fall will be limited to 10 ZEV states, plus Arizona, Florida, Georgia, North Carolina, Pennsylvania and Texas.
Plug in America
JULY 22, 2024
auto industry globally competitive. Investments have flowed to states like Ohio, Kentucky, Arizona, South Carolina, Alabama, Georgia, Pennsylvania, Michigan, Nevada, and more. In 2022, the federal government recognized the vital role of EVs in combating climate change, improving public health, and keeping the U.S.
EV Adoption
MARCH 15, 2021
Toyota Teases New X Prologue BEV – The world’s biggest automaker has teased its first ever global electric vehicle (EV) with a sneak picture ahead of the March 17 launch. LG suggests building EV battery factory in Georgia, report says – LG Energy Solution suggested that it could build a factory in the U.S.
Baua Electric
JULY 22, 2024
billion Metaplant in Georgia later this year. After fast-tracking production, the Hyundai Motor Group Metaplant America (HMGMA) is set to open by the end of 2024. billion, creating 8,500 jobs in Georgia. Georgia even awarded Hyundai its own day in the state. Georgia Metaplant appeared first on Bauaelectric Auto News.
Expert insights. Personalized for you.
63 
Let's personalize your content