US: Hyundai Ioniq BEV Sales More Than Tripled In August 2023

Hyundai Motor America reported a one percent increase in vehicle sales in the United States in August, with a year-to-date result of 526,186 units, while their all-electric car models, the Ioniq 5 and Ioniq 6, saw a significant year-over-year increase in sales, with 5,235 units sold in August, representing 8.0 percent of the total volume.

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8/31/2023

Hyundai’s EV plant, Georgia’s biggest jobs deal, is getting bigger

Hyundai Motor Group and LG Energy Solution are planning to invest an additional $2 billion into their electric vehicle and battery manufacturing plant in Georgia, increasing the total investment to nearly $7.6 billion and creating 400 more jobs. The investment will support the production of 300,000 electric vehicles annually and enhance battery technology for greater range and lower weight.

9/3/2023

US: Kia Sold Almost 2,500 EV6 In August 2023

Kia America reported a nine percent increase in vehicle sales in the US in August, with 2,449 EV6s sold, representing a 33 percent year-over-year increase and about 3.4 percent of the total volume, indicating strong sales for their battery-electric vehicles and positioning the company as a leader in innovative mobility.

9/8/2023

China Auto Sales Rebound in August on Lower Rates and Overseas Demand Despite Slowing Economy

China's passenger vehicle sales experienced growth in August, driven by discounts and tax breaks on environmentally friendly and electric cars, despite a weak economy, and Tesla's share of the Chinese electric vehicle market nearly doubled.

9/20/2023

Hyundai Speeds Up EV Factory Construction in Georgia, Now Aiming for 2024 Start to Qualify for Tax Credits

Hyundai plans to accelerate production of electric vehicles in Georgia, with the aim of starting in 2024, in order to take advantage of new clean vehicle tax incentives in the US.

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Posted 9/2/2023, 3:48:00 PM