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Hyundai’s new Georgia EV plant adds its 18th supplier as an extensive US network unfolds

Baua Electric

billion EV plant in Georgia gained its 18th supplier as the automaker builds an extensive US supply chain. Hyundai’s Georgia EV plant attracts its 18th supplier Georgia Governor Brian Kemp announced that Shinsung Petrochemical will invest $11.2 The company is the 18th supplier to invest in Hyundai’s new Georgia EV plant.

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Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. Currently, production of the EV9 is in South Korea, but Kia is looking to start manufacturing the all-electric SUV at its West Point, Georgia plant.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. billion EV megaplant in Georgia in October 2022. The site “is advancing ever day,’” according to Oscar Kwon CEO of the Hyundai Motor Group Metaplant America (HMGMA).

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Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start

Baua Electric

Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. Hyundai outpaced Ford (7.4%) and GM (6.3%), according to Motor Intelligence. Hyundai Motor and its suppliers are investing heavily in the US, its largest sales market (North America). Hyundai invested around $7.6 billion in funding.

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Hyundai fast-tracks start of EV production in the US as it gains recognition with its own day

Baua Electric

February 26, 2024, will forever be known as Hyundai Day in the state of Georgia as the automaker gears up to begin production at its first dedicated EV and battery plant in the US later this year. Hyundai announced its fast-tracking production at its Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 billion Metaplant wraps up in Georgia. For now, electric vehicles are the top priority,” Hyundai’s leader added while at an event organized by Georgia Governor Briant Kemp.

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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. The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit. based battery plant.