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€33.7M AgiloDrive2 project for electric motor production launches

Green Car Congress

The aim of the three-year project is to develop an agile and digitalized production system complete with modular product concept for innovative electric motors. —Thomas Pfund, President of the E-Motors Business Unit at Schaeffler. Earlier post.).

Motors 243
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Hyundai Motor to invest $28M on EV production in Thailand

Teslarati

Hyundai Motor will invest $28 million in electric vehicle (EV) and battery production in Thailand. The subsidies and their guidelines are below. By 2026, EV manufacturers must commit to producing at least two electric vehicles within Thailand. The South Korean automaker plans to start producing EVs and batteries by 2026.

Thailand 115
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Hyundai Motor Group presents HMG Smart City master model at 2022 World Cities Summit; air and ground mobility

Green Car Congress

Hyundai Motor Group presented the HMG Smart City master model at the 2022 World Cities Summit in Singapore. The model will serve as a guideline for developing smart mobility solutions that support smart cities around the world while revitalizing their urban communities.

Hyundai 259
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Hyundai Motor Company extends warranties for more than 1M vehicles worldwide

Green Car Congress

Hyundai Motor Company launched a warranty extension policy for its vehicles worldwide. The program aims to support Hyundai customers who may face difficulties in getting vehicles serviced and repaired during the COVID-19 pandemic. million Hyundai vehicles in 175 countries will be eligible for the warranty extension.

Hyundai 207
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Electrify America, Kia Motors America offer DC fast charging plan for Kia Niro EV drivers

Green Car Congress

Electrify America announced an agreement with Kia Motors America to offer Kia Select, a new charging program with optimized pricing for the Kia Niro electric vehicle (EV) model on Electrify America’s direct current (DC) fast charging network. The program also waives session fees and has no subscription fees for participants.

Kia 243
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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. A majority of vehicles that qualified for the credits last year are no longer eligible. 43 vehicles had qualified in 2023. Now, just 19 EVs in the U.S.

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Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. Funding entities will include both Nissan Motor Co., Management of the Proceeds.

Financing 199