The new facility, a $5.54 billion investment, will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
The Hyundai IONIQ 5 took top honors. Other awarded models included the Mercedes Benz EQS, the Audi e-tron GT, the Toyota Yaris Cross, the KIA EV6, and the Ford Mustang Mach-e.
Hyundai introduced its latest electric crossover utility vehicle, the IONIQ 5 EV, with two battery pack options and a multitude of other features with a starting MSRP of $39,700.
Hyundai’s IONIQ 5 beat out BMW’s iX and Mercedes-Benz’s EQS and was awarded 2022 German Car of the Year in the “New Energy” category.
Hyundai's SUV concept SEVEN was showcased on stage in front of a video presentation at AutoMobility LA in the Los Angeles Convention Center.
Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia. LG Energy, The Hyundai battery partnership will boost Indonesia strategic presence in EV market.
Hyundai is bringing more than 30 of its hydrogen fuel-cell electric heavy-duty trucks to California as part of two publicly funded demonstration projects, which it says will be the largest deployment of Class 8 hydrogen-powered fuel cell trucks in the country.
ICYMI: A roundup of trucking industry news from Plus, Kodiak Robotics, TuSimple, SEA Electric, Shell, Daimler and Hyundai.
The Hyundai Konas, which are classified as subcompact SUVs, will replace aging three-wheeled GO-4 vehicles used by parking enforcement personnel scouting for violations.
Hyundai Motor and Kia plan to build American-made battery electric vehicles with Hyundai's U.S. facility beginning EV production in 2022.
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