Hyundai has broken ground on a new manufacturing plant at the Bryan County Mega Site in Georgia. At the new plant, where the automaker and its affiliate suppliers are expected to invest some $5.54 billion, Hyundai plans to produce a diverse range of Hyundai, Genesis and Kia EVs, as well as batteries. The new plant is… Read more »
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Hyundai fuel cell trucks won’t be using green hydrogen after all
Governments around the world are dedicating taxpayer money to hydrogen projects, and these are invariably presented as using green hydrogen (produced by electrolysis using renewable energy). Hydrogen detractors often warn that, once these projects are funded, green hydrogen, which isn’t yet available at any scale, will prove impractical, and boosters will quietly switch to grey… Read more »
Could Vietnamese startup VinFast be the next Hyundai?
Vietnamese automaker VinFast, which was founded in 2017, has global ambitions. The company recently raised $4 billion to support market launches in Germany, France, the Netherlands and the US. It has opened 6 stores in California, and is building a $2-billion manufacturing plant in North Carolina. The VinFast VF 8, an electric SUV, is scheduled… Read more »
Hyundai and Michelin to develop next-gen tires for EVs
Hyundai and Michelin have signed a memorandum of understanding to develop next-generation tires optimized for EVs. The agreement is a follow-up to a five-year partnership the companies formed in 2017 to jointly develop an exclusive tire for Hyundai’s IONIQ 5 and to carry out experiments related to tires. Over the next three years, the companies… Read more »
Hyundai discontinues Ioniq hybrid and PHEV
Hyundai’s Ioniq hatchback exemplified an earlier generation of electrified vehicles. It was offered in three different powertrain variants: hybrid, plug-in hybrid and pure EV. Now, the more forward-looking automakers, of which Hyundai is one, are realizing that a “clean-sheet” dedicated EV platform is best. Hyundai dropped the Ioniq Electric in the US after the 2021… Read more »
Vitesco’s newest e-axle to power Hyundai’s Class B and C EVs
Electric powertrain supplier Vitesco Technologies has received a 2-billion-euro order for its new e-axle from Hyundai, which plans to use it in its forthcoming B and C segment EVs beginning in 2024. The EMR4 is the fourth generation of the Electronics Motor Reducer e-axle product line. The 3-in-1 unit is composed of a motor, power… Read more »
Hyundai to build EV assembly and battery factory in the US
Hyundai COO Jose Muñoz announced at the recent at the New York International Auto Show that his company will build a factory in the US for electric vehicle assembly and batteries. Automotive News reports that Hyundai plans to invest $300 million and create 200 new jobs at the plant. The automaker will choose a location… Read more »
New Hyundai plant to produce EVs in Indonesia
Hyundai has launched a new automotive plant that will produce Indonesia’s first locally assembled EV. In 2019, Hyundai said it would invest $1.55 billion in the plant by 2030. Initial capacity is 150,000 vehicles per year, and this will later be expanded to 250,000. The new assembly plant will be linked with a Hyundai-LG joint… Read more »
Hyundai ends new ICE development, suspends work on Genesis hydrogen vehicle
Legacy automakers’ increasing focus on EVs is welcome news, but as long as they continue to develop new internal combustion engine technology, their commitment to electrification can only be seen as tentative. Seen in this light, Hyundai’s recent decision to close its ICE development division (reported by the Korea Economic Daily) may be considered a… Read more »
2022 Hyundai Ioniq 5: Strong new electric SUV competitor
Hyundai’s new compact EV crossover is good enough to sell every unit the company imports—the question may be how high that number will be. The 2022 Hyundai Ioniq 5 is the Korean brand’s first dedicated electric vehicle, positioned at the heart of the fastest-growing part of the market: compact crossover utilities. The premium electric SUV… Read more »