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Hyundai, Kia & Factorial Energy partner to develop solid-state batteries for next generation EVs; strategic investment

Green Car Congress

Start-up solid-state battery company Factorial Energy , Hyundai Motor Company and Kia Corporation are partnering to test Factorial’s novel solid-state battery technology and its integration in Hyundai electric vehicles.

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Hyundai Mobis to invest $926M in EV systems plant in Georgia

Green Car Congress

Hyundai Mobis has operated a manufacturing facility with almost 1,200 employees in West Point since 2009 as the largest Tier 1 supplier to Kia Georgia. Hyundai Mobis’ investment project in Bryan County reflects an acceleration in the development of the EV supply chain in Georgia’s auto industry.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

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.

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LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

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. based battery plant.

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UP stands firm on hybrid car tax waiver: Report. What effect will it have on EVs

Baua Electric

Despite issues raised by automakers such as Tata Motors and Mahindra & Mahindra, the state government has kept the tax waiver that reduces the cost of hybrid cars significantly. The Indian government has set out to promote electric mobility at the same time it does not want to phase out fossil fuel vehicles immediately.

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BYD plots another overseas EV plant: Here’s why that could be a bigger deal than you think

Baua Electric

It’s even cracking into Japan’s auto industry, a market dominated by Toyota. Japanese automakers like Toyota and Suzuki still dominate the Pakistan auto market, but Chinese automakers like SAIC, Great Wall Motor, and now BYD are making a strong push into the region.

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Auto Alliance urges EPA to withdraw premature Final Determination on light-duty GHG regulations, resume Midterm Evaluation process with NHTSA

Green Car Congress

This request by the Alliance echoes a similar, earlier request by Global Automakers, the trade association representing the US divisions of 12 international automakers (Aston Martin, Ferrari, Honda, Hyundai, Isuzu, Kia, Maserati, McLaren, Nissan, Subaru, Suzuki and Toyota). Earlier post.).

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