Search Results Found For: "Hyundai"

Hyundai and Kia partner with Exide Energy for local EV battery production in India

Hyundai and Kia have signed an agreement with Indian lithium-iron-phosphate (LFP) battery manufacturer Exide Energy Solutions to equip the two companies’ upcoming EV models in the Indian market with locally produced batteries. Established in 2022, Exide Energy Solutions is a wholly owned subsidiary of Exide Industries, which has 75 years of experience in the production… Read more »

POSCO International’s drive motor core to power millions of Hyundai-Kia EVs

South Korean manufacturer POSCO International has secured an order for several million drive motor cores to be fitted on Hyundai-Kia’s Seltos class EVs and produced locally in Europe from 2025 to 2034. The order supports POSCO’s plans to build a production plant in Brzeg, Poland, which will  become the center of its European drive motor… Read more »

Hyundai to build an electric van for Iveco, based on its new EV platform

Hyundai will build a new electric light commercial vehicle for the Iveco Group, based on Hyundai’s new all-electric Light Commercial Vehicle (eLCV) platform. Hyundai will manufacture and supply the chassis cab, and Iveco will customize and distribute the complete vehicles to the European market through its local sales channels. The Iveco-badged e-van will join Iveco’s… Read more »

Hyundai’s upcoming IONIQ 2 EV could sell for as low as $22,000

Forget about range anxiety and charging—the real barrier to EV adoption is affordability. The market badly needs a better selection of lower-priced EVs, but they’re mighty slow in coming. Hyundai has several more affordable EVs in the pipeline—the new 2024 Kona Electric is expected to have a starting price under $33,000. The IONIQ 3 is… Read more »

Infineon to supply semiconductors for Hyundai and Kia EVs

Hyundai and Kia have entered a supply agreement with semiconductor manufacturer Infineon Technologies to secure power semiconductors for EVs. Hyundai and Kia will buy automotive power semiconductors such as diodes, insulated-gate bipolar transistors (IGBTs) and silicon carbide (SiC) power modules for their electric, hybrid and plug-in hybrid models. Infineon will supply the companies with power… Read more »

Samsung SDI to supply EV batteries to Hyundai Motor

South Korean EV battery manufacturer Samsung SDI has signed an EV battery supply deal with Hyundai Motor. Samsung SDI will supply prismatic batteries for Hyundai Motor’s EVs targeting the European market from 2026 to 2032. Hyundai Motor will use sixth-generation Samsung SDI P6 prismatic batteries. The P6 cell features a nickel cobalt aluminum (NCA) cathode… Read more »

As others cry the blues, Hyundai announces record profit, keeps EV plans on track

While some legacy automakers whine that they can’t make a profit on EVs, and others cling to 20th-century tech such as hybrids and hydrogen, Hyundai is getting on with the business of selling EVs—and making a tidy profit, thank you. Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, recently posted third-quarter financial results…. Read more »

Hyundai offers EV customers complimentary charger and installation assistance

For a limited time, Hyundai is offering customers who buy or lease selected new models a complimentary ChargePoint Home Flex Level 2 charger and up to $600 off installation through Electrum using Hyundai Home Marketplace. The offer is subject to conditions, and applies to the 2023 or 2024 IONIQ 5, 2023 or 2024 IONIQ 6… Read more »

Hyundai and LG Energy Solution invest additional $2 billion in Georgia battery plant

Hyundai and South Korean-headquartered battery maker LG Energy Solution (LGES) have announced a $2-billion expansion of their battery cell manufacturing joint venture at Hyundai’s EV Metaplant in Bryan County, Georgia, bringing the total investment value of the JV to $4.3 billion. At full operational capacity, the 30 GWh facility is expected to support annual production… Read more »

Owners of Hyundai, Kia and Genesis EVs sue over alleged defect that causes charging failure

Automotive law firm Hagens Berman has filed a nationwide class-action lawsuit on behalf of owners of the Hyundai Ioniq 5, Hyundai Ioniq 6, Genesis GV60 and Kia EV6. The lawsuit, which was filed in the US District Court for the Central District of California, alleges that the vehicle charging ports frequently overheat in as little… Read more »