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

Baua Electric

South Korea’s leading automakers are doubling down on their efforts to cut EV costs with new battery tech. Hyundai and Kia are teaming up to develop LFP battery materials to power up lower-priced EVs. According to Hyundai, this reduces hazardous substance emissions and cuts production costs. million won) in Korea.

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Japan, South Korean leaders push for US EV tax credit rule changes

Electrek

South Korean officials and leaders from Japan are expressing concerns over the new US EV tax credit requirements that kick in at the end of the year. New reports are surfacing that Japan and South Korea will request flexibility in the rule changes.

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

Baua Electric

Is Hyundai developing a luxury electric sedan? 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 was the fourth best-selling EV brand last year. Possibly under the Genesis brand. It could be.

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Hyundai is launching an electric van as its first export model based on its new EV platform

Baua Electric

Hyundai announced a new deal with Iveco Group to supply an all-electric van based on its global eLCV platform. The Iveco-badged electric van will be Hyundai’s first export to use its new EV platform. In July 2022, the companies announced a hydrogen-powered IVECO BUS based on Hyundai’s fuel cell system.

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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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Hyundai and Kia recall 170,000 EVs in Korea over software glitch, is the US next?

Baua Electric

Hyundai and Kia will recall around 170,000 EVs in Korea, the largest since they launched. The recall is over a software issue impacting Hyundai’s IONIQ, Genesis, and Kia EVs. Hyundai and Kia recall 170,000 electric vehicles The South Korean Ministry of Land, Infrastructure, and Transport announced the recall on Thursday.

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Biden Admin. inundated with Inflation Reduction Act exemption requests

Teslarati

Japan, South Korea, France, Germany, and the EU have all requested exemptions from the Biden Administration’s “location of assembly” requirement for electric vehicle subsidies. However, the global backlash regarding EV tax incentives has been fierce.