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Hyundai Motor Group to build $5.54B EV plant and battery factory in Georgia

Green Car Congress

Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. Non-affiliated Hyundai Motor Group suppliers will invest approximately another $1 billion in the project.

Georgia 435
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Dongfeng Honda to build a dedicated EV production plant; 120,000 units/year

Green Car Congress

Honda Motor (China) Investment Co., a wholly-owned Honda subsidiary in China, announced that Dongfeng Honda Automobile Co.,

Honda 326
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First car using Nidec’s E-Axle traction motor system unveiled

Green Car Congress

The new electric car brand Aion S—recently unveiled at Auto Guangzhou 2018 by GAC NE, GAC MOTOR’s new energy vehicle arm—will be the first line of cars to adopt Nidec’s fully integrated traction motor system (E-Axle) ( earlier post ). Earlier post.). Earlier post.).

Motoring 309
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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company plans to be capable of building an annual 7 million e-axles by March 2026. Nidec also jointly runs a plant with the Guangzhou Automobile Group.

Mexico 259
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In-wheel electric drive company Protean receives $84M in funding; to build production plant in China

Green Car Congress

GSR is honored to lead this round of investment in a disruptive technology that we believe has great promise for the Chinese automotive market and potentially building a global EV platform. This marks Protean Electric’s entry into China, the world's largest automobile market. In 2011, China automobile sales exceeded 18.5

China 294
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Toyota and Yamaha Motor collaborate on communications-linked next-generation vehicles

Green Car Congress

Toyota Motor Corporation (TMC) and Yamaha Motor Co., A part of this collaboration is their joint exhibition of a communications-linked electric commuter concept and an electrically power assisted bicycle concept at the 42 nd Tokyo Motor Show 2011. Electric commuter EC-Miu. Electrically power assisted bicycle PAS WITH.

Toyota 306
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Hyundai Motor to accelerate transition into smart mobility solution provider

Green Car Congress

Hyundai Motor Company announced an updated roadmap for its future business Strategy 2025 at the 2020 CEO Investor Day’ forum held virtually in Seoul. Hyundai Motor also unveiled its mid- to long-term financial goals, which include an investment of KRW 60.1 The company plans to build 20 high-speed charging stations in Korea by 2021.

Hyundai 360