Hyundai Begins Construction Of First EV Factory To Maintain US Tax Credits

And it’s official. Hyundai plans to break ground on a massive $5.5 billion electric vehicle factory in Bryan County, Georgia, on October 25th. After months of lobbying with U.S. authorities over changes to the EV tax credit in recently passed climate legislation, Korean Automobile… Source: electrek.co

Hyundai’s Best Year In The U.S. Faces Challenges From Biden’s Anti-inflation Law

Hyundai Motor Group is having its best year ever in the U.S., where it is expected to account for nearly 11% of new car sales in the country. However, it is questionable whether the world’s fourth-largest automaker by sales can continue its winning streak, especially in the EV field. Hyundai buyers lost to the federal government… Source: www.cnbc.com

Hyundai Motor America Reports Record Sales In December, Fourth Quarter Of 2022

Hyundai sets all-time record for annual retail sales in 2022 Total sales and retail sales for the fourth quarter were record highs. Total sales in the fourth quarter he increased by 29%.Retail sales increased 21% in the fourth quarter Total sales and retail sales in December are record highs Recorded retail sales for 5 consecutive months Fountain Valley, California, January Read More