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Hyundai eyes second North American EV assembly plant – Why Canada could be a fit

Electrek

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.”

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 In the existing system, auto parts can only be shared among vehicles that share the same platform. trillion (US$27.8 Production.

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DOE announces $1.7 billion in grants to convert facilities for EV production and support US auto workers – Charged EVs

Baua Electric

Some folks fear that the transition to EVs will lead to major job losses in the auto industry—and not without reason, as EVs require different (and fewer) components than legacy ICE vehicles. It could also go a long way toward building support for the EV transition among workers in the auto industry and its vast network of related industries.

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Biden awards $1.7B to bring auto manufacturing back to 8 states

Baua Electric

The grants are part of the “ Domestic Conversion Grant Program ,” intended to direct government support to help convert plants over to electric vehicle manufacturing. The 11 facilities selected today include plants and suppliers for Hyundai, Blue Bird, Cummins, Fiat-Chrysler, GM, Harley, Volvo, and ZF. Get started here. –

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Could Rivian R3 EV revive a stagnant small-car market?

Baua Electric

All of the above “When I was first talking about this with RJ we were going through the conception of it and the conversation we had was just, like, I don’t want to fall into a segment, I want people to just say it’s an R3,” recalled Hammoud, in a Q&A session with media. appeared first on Bauaelectric Auto News. inch wheelbase.

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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

EV Match

Hyundai, which announced this May that it would build its first-ever dedicated EV plant in the state of Georgia and, to capitalize on the North American final assembly requirement in the newly-passed IRA, just revealed it was mulling moving the groundbreaking on the facility from the original target of 2023 to before the end of this year. . $3