Hyundai Motor Group has just announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group's U.S. investment decision will support its goal of becoming a leader in electric mobility in the U.S. market. It also highlights the Group's commitment to sustainability through electrification and to...

20 May 2022

Polestar has announced record sales for the first four months of 2022 as well as excellent global order intake fuelled by continued expansion into new and existing markets. In the first four months of the year, vehicle sales more than doubled to approximately 13,600 and the company's orders take more than tripled to nearly 23,000 compared to the same period in 2021. During the period, Polestar increased its global...

20 May 2022

Today, Genesis Motor America announced the start of sales of its highly-anticipated first electric vehicle, GV60. The Genesis GV60 enters the US market as a bold first step in the brand's move towards a lineup of fully electrified vehicles. It offers a number of available world-first automotive features, including Face Connect and a Crystal Sphere. These innovative features enable drivers to be even more connected...

17 May 2022

Volkswagen Group will launch an all-electric pick-up and rugged SUV in the United States. The decision of the Board of Management was confirmed today by the Supervisory Board of the Volkswagen Group. The vehicles will be designed, engineered, and manufactured in the U.S. for American customers. To this end, a separate, independent company will be established in the U.S. this year as the Volkswagen Group moves the...

16 May 2022

Lordstown Motors announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). As previously disclosed, on November 10, 2021, Lordstown Motors and Foxconn entered into an Asset Purchase Agreement ("APA") providing for the sale of LMC's Lordstown, Ohio vehicle...

12 May 2022

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR, at a factory Foxconn (Hon Hai Precision Industry Co. Ltd.) acquired in Ohio. The Fisker PEAR will enter production in 2024. Both the Fisker and Foxconn teams are fully engaged and expect to build a minimum of 250,000 Fisker PEAR units a year at the plant after a ramp-up period. The Fisker PEAR follows the company’s first vehicle, the Fisker...

12 May 2022

Lucid Group announced its initial launch plans for the European market. This includes the forthcoming availability of both versions of Lucid Air Dream Edition with the most advanced electric powertrain available today. The Dream Edition R is optimized for efficiency with an estimated 900 km of range, and the Dream Edition P features 1,111 horsepower (828 kW). The company also plans to open its first European retail...

11 May 2022

Cadillac reached another electric vehicle milestone today in China with the start of pre-production of the LYRIQ at SAIC-GM's Cadillac plant in Shanghai. The first all-electric vehicle from GM's luxury brand has now entered its final stage of development in China before mass production and deliveries to customers. This stage includes optimizing the manufacturing process, conducting reliability tests and carrying out...

7 May 2022

The Volkswagen Group and SEAT S.A. will mobilize 10 billion euros, together with their partners in the Future: Fast Forward project, in the event of a positive resolution of the PERTE VEC. "This investment of 10 billion euros will electrify Spain and Europe's second-largest automotive manufacturer, creating a battery Gigafactory in Sagunto, enabling the production of electric vehicles at the Martorell and Pamplona...

7 May 2022

Porsche is acquiring shares in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries. As a lead investor, Porsche is raising 100 million US dollars and leading a Series C funding round in which several companies are investing a total of 400 million US dollars (about 328 million euros). Group14 Technologies, which is based in Woodinville in Washington state...

5 May 2022

In its April 2022 sales report, Ford noted that its EV sales have increased by 139% YoY thanks to the Mustang Mach-E and the E-Transit. E-Transit sales increased 62.3 percent over March, while the Mustang Mach-E had its best monthly sales performance since it was launched, with sales up 95 percent over last year. At the same time, the first shipments of all models of the all-new F-150 Lightning are underway. "While...

5 May 2022

Fisker Inc. has announced Project Ronin, the company's third vehicle after its Fisker Ocean SUV and Fisker PEAR. Project Ronin, an all-electric sport Grand Tourer, will feature innovations such as a battery pack integrated with the vehicle's structure. Fisker is designing and engineering Project Ronin to deliver the longest range of a production EV with the ultimate high performance. The code name was inspired by...

5 May 2022

Polestar today announced design updates, range estimates, and pricing for the 2023 Polestar 2 all-electric fastback. Pricing for the updated Polestar 2 Long-range Single motor will start at $53,950, or $48,950 including the $5,000 federal rebate. Thanks to software improvements, Polestar anticipates a vehicle range increase for the dual-motor Polestar 2 of approximately 11 miles compared to the current model...

5 May 2022

Volvo Cars is introducing a range of updates to its entire car line-up, the most prominent of which is an exterior refresh of its fully electric XC40 Recharge. The company also unveils a single electric motor variant of the pure electric C40 Recharge. The new C40 and XC40 variants, along with all other new Volvo Cars models, will be available through an updated offer concept, designed to make the online ordering...

4 May 2022

It’s the master plan for the automotive production of tomorrow: The BMW iFACTORY production strategy defines the future orientation of plants and production technologies at the BMW Group and meets the challenges of the transformation to e-mobility. Over the last few decades, the BMW Group has considered itself the benchmark for innovative, flexible and efficient production technologies in vehicle manufacturing. And...

3 May 2022