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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. By producing the EV9 in Georgia, the all-electric SUV could qualify for a partial EV tax credit.

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Exide’s standalone profit after tax rose 36.6% Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84

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Hyundai and Kia seek to cut LFP battery cost, reliance on China

Baua Electric

It’s also being developed in South Korea, by South Korean companies, laying the foundation for greater LFP battery cell manufacturing in that country. Now it’s used in the base Tesla Model 3 and Ford Mustang Mach-E, which don’t qualify for the EV tax credit because of those versions’ Chinese content.

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JSW Group to invest USD 5 bn in EV projects in eastern India – ET Auto

Baua Electric

Electric models made up around 2% of India’s car sales last year, with Tata Motors dominating the market, but the government is targeting a 30% share by 2023. JSW Group and China’s SAIC Motor formed a joint venture in India in November, with a focus on green mobility and developing the electric vehicle ecosystem.

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. SK On, which supplies to Ford Motor Co, Volkswagen and Hyundai Motor among others, widened its operating loss to 332 billion won in the first quarter from 18.6

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Hyundai spotted testing Lucid Air and ZEEKR X hints a luxury EV is in the works

Baua Electric

Hyundai was recently spotted testing a Lucid Air electric sedan in South Korea, suggesting a high-end Hyundai EV could be in the works. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Hyundai is “pulling ahead” to gain access to the $7,500 federal EV tax credit.

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Hyundai and Kia launch new LFP battery project for lower-priced EVs

Baua Electric

Hyundai and Kia team up on LFP battery tech (Source: Hyundai Motor Group) Using a direct synthesis process, adding iron powder and lithium simultaneously skips the need to create a separate precursor. Kia EV3 (Source: Kia) South Korea’s LG Energy Solution (14.7%), Samsung SDI (7.1%), and SK On (4.3%) made the top five in global EV sales.

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