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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. The Group plans to produce wide range of full electric vehicles for US customers at the new Georgia EV plant.

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

Green Car Congress

With IMA, the company expects to standardize modules and parts between the models to further expand economies of scale and significantly reduce EV development complexity and costs. In the existing system, auto parts can only be shared among vehicles that share the same platform.

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The Aftershocks of the EV Transition Could Be Ugly

Cars That Think

The introduction of any new system causes perturbations within the current operating environment, which in turn, create behavioral responses, some predictable, many not. earthquake followed by the 1,700 foot mega-tsunami it creates. Even relatively straightforward technologies are no different (see sidebar).

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

President Biden says his EV policies will result in “one million new jobs in the American automobile industry. For instance, an in-depth study by Princeton University’s Andlinger Center for Energy and the Environment assessed different U.S. One million.”. Neither does the U.S. could decrease anywhere from 131,000 to 210,000 positions.

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Southern Unionization Remains An Uphill Battle As Governors Caution Against UAW

The Truth About Cars

With the United Automobile, Aerospace and Agricultural Implement Workers of America International Union (UAW) seeking to expand in the Southern United States, Republican governors have started to condemn the action on the grounds that it would be detrimental to the economy.