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Hyundai Motor Company, a global automaker based in South Korea, is known for its innovative approach to electric and hydrogen mobility. With a focus on sustainability, Hyundai has made significant strides in developing fuel cell electric vehicles (FCEVs) and supporting a hydrogen economy. The company recently announced collaboration plans with Gran Turismo, unveiled the IONIQ 5 N TA Spec for motorsport events, and continues to invest in the future of mobility with cutting-edge technologies.
Hyundai Motor America, in partnership with Lurie Children's Hospital, hosted a car seat safety check event during the Move for Kids 5K in Chicago. The initiative, part of Hyundai's corporate social responsibility program, Hyundai Hope, included a $10,000 donation and 2,100 infant diapers. Aiming to reduce child injuries from vehicle incidents, the Buckle Up Child Passenger Safety Program provides education and resources for proper car seat usage. Around 46% of car seats are misused, highlighting the importance of such safety events.
Hyundai Motor America announced May 2022 retail sales of 59,432 units, marking a 30% decline compared to May 2021. Despite this drop, the Santa Cruz model achieved record retail sales. The company expects strong consumer demand to continue and anticipates improved inventory levels later in 2022. Notably, Hyundai is set to invest $5.54 billion in a new EV plant and battery manufacturing facility in the U.S., with production starting in the first half of 2025.
Hyundai Transys will showcase its innovative mobility seat concept at Milan Design Week from June 6-12, 2022. The concept emphasizes sustainable materials and eco-friendly design, highlighting the shift towards regenerative mobility. In collaboration with partners, Hyundai will also present eco-friendly lifestyle goods to enhance future mobility experiences. This initiative aligns with Hyundai's vision for carbon neutrality and minimization of environmental impact, showcasing a commitment to ethical production and waste reduction.
Hyundai Motor Group (HMG) plans to invest over USD 10 billion in the U.S. by 2025, enhancing its leadership in sustainable and smart mobility solutions. This investment reflects HMG's commitment to innovation and manufacturing in the U.S., supporting the carbon neutrality goals through advanced technologies.
On May 20, HMG announced a USD 5.54 billion facility in Georgia, aimed at producing electric vehicles and batteries. The facility, spanning 2,923 acres, will start production in 2025, targeting an annual capacity of 300,000 units.
Hyundai Motor Group (HMG) plans to invest over USD 10 billion in the U.S. by 2025, focusing on innovation and manufacturing. Announced on May 20, HMG will establish a USD 5.54 billion EV and battery manufacturing facility in Georgia, aiming for an annual production capacity of 300,000 units starting in 2025. This investment supports development in robotics, AI, and autonomous driving, enhancing U.S. manufacturing while contributing to carbon neutrality goals.
Hyundai Motor Group has signed an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in Bryan County, representing an investment of approximately USD 5.54 billion. The facility, expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units, aims to enhance U.S. consumer access to its innovative EVs. The project is anticipated to create about 8,100 jobs and aligns with the Group's strategy to lead the U.S. electrified mobility sector.
Hyundai's IONIQ 5, an all-electric SUV, has been named a Best Buy in Consumer Guide's 2022 awards, highlighting its over 300-mile driving range and appealing design. The IONIQ 5 was recognized despite launching after the initial voting period. Other Hyundai models awarded include the Palisade, Santa Fe, Kona, Venue, and Accent, making it six Best Buy awards in total. Consumer Guide evaluates over 150 vehicles across 20 categories to determine value and performance, making these awards significant for consumers seeking reliable transportation.
Hyundai achieved significant recognition at the Texas Auto Roundup, winning five awards for its vehicles. The IONIQ 5 secured titles as CUV of Texas, Electric Vehicle of Texas, and received the Highest Personal Appeal award. Additionally, its vehicle-to-load (V2L) adaptor was honored with the Best New Feature award. The Elantra N was recognized with the Best Value award. These accolades were determined by a panel of thirty journalists evaluating 33 vehicles based on interior, exterior, value, performance, and appeal.
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