Government, Business, Technology

Hyundai Breaks Ground on $5.5 Billion Electric Car Plant in Georgia

The Hyundai Meta Plant groundbreaking Chung Eui-sun, executive chairman of Hyundai Motor Group, shakes hands with Georgia Gov. Brian Kemp as dignitaries join in for the official groundbreaking for the Hyundai Meta Plant on Tuesday, Oct. 25. (Richard Burkhart/Savannah Morning News via AP))

Hyundai Motor Group broke ground in Georgia on Oct. 25 for its first U.S. plant dedicated to making electric vehicles.

Russ Bynum | Associated Press
October 25, 2022
Government, Business, Fuel

Hyundai Gets $1.8 Billion in Aid to Build EVs in Georgia

A banner welcomes Hyundai Motor Group to their future home in Bryan County A banner welcomes Hyundai Motor Group to their future home in Bryan County. (Richard Burkhart/Savannah Morning News via Associated Press)

SAVANNAH, Ga. — The state of Georgia and local governments are giving $1.8 billion in tax breaks and other incentives to Hyundai Motor Group in exchange for the automaker building its first U.S. plant dedicated to electric vehicles near Savannah, according to the signed agreement disclosed July 22.

Russ Bynum | Associated Press
July 22, 2022
Business, Fuel

Deal for $5.5B Hyundai EV Plant in Georgia Nears Final Approval

Hyundai company logo on a sign at a car dealership The Hyundai company logo on a sign at a car dealership in Centennial, Colo. (David Zalubowski/Associated Press)

SAVANNAH, Ga. — The local economic development agency that worked with Georgia officials in recruiting Hyundai Motor Group to build a $5.5 billion electric car plant near Savannah approved its portions of the deal July 19, though details of tax breaks and other incentives have yet to be disclosed.

Jeff Amy and Ross Bynum | Associated Press
July 19, 2022
Government, Business, Technology, Equipment

Hyundai Announces $5.5 Billion EV Plant in Georgia

Hyundai Kona Kona Electric by Hyundai

ELLABELL, Ga. — Hyundai Motor Group confirmed May 20 the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.

Russ Bynum | Associated Press
May 20, 2022
Government, Business, Technology, Fuel

Hyundai Expected to Announce $7 Billion EV Plant in Georgia

Hyundai marque SeongJoon Cho/Bloomberg News

ATLANTA — South Korean automaker Hyundai Motor Group is expected to announce next week that it is building an electric vehicle plant near Savannah, Ga., according to a U.S. official familiar with the anticipated announcement.

Jeff Amy and Aamer Madhani | Associated Press
May 13, 2022
Business, Technology, Equipment

Hyundai Translead Launches HT LinkSense

Hyundai Hyundai Translead Chief Sales Officer Sean Kenney speaks at the press event. (John Sommers II for Transport Topics)

CLEVELAND — Trailer maker Hyundai Translead unveiled a smart trailer system called HT LinkSense, which is intended to provide connectivity for all sensor and telematics providers.

Roger Gilroy | Senior Reporter
September 14, 2021
Business, Technology, Equipment

Hyundai Translead Picks TNT Sales for Missouri Branch of Dealer Network

Hyundai Translead A Hyundai Translead manufacturing plant. (Hyundai Translead)

Hyundai Translead has selected TNT Sales as its dealer for the state of Missouri.

August 23, 2021
Business, Equipment

April Trailer Orders Drop to 10-Month Low; Costs, Cancellations Rise

Trailer assembly at a Hyundai Translead plant Trailers are assembled at a Hyundai Translead plant. An executive for the company described April orders as quiet. (Hyundai Translead via Vimeo)

U.S. trailer orders in April were just above 14,000, the lowest volume in 10 months as cancellations increased and backlogs continued to extend into 2022, ACT Research reported.

Roger Gilroy | Senior Reporter
May 20, 2021
Business, Technology, Fuel

Cars on Hyundai’s Electric Platform Can Charge 80% in 18 Minutes

An engine sits inside a Hyundai Ioniq electric vehicle on display in July 2018. An engine sits inside a Hyundai Ioniq electric vehicle on display in July 2018. (SeongJoon Cho/Bloomberg News)

Hyundai Motor Group plans to build 23 electric vehicles on its new EV-dedicated platform, and is aiming to sell 1 million of the cars worldwide by 2025, the South Korean automaker said Dec. 2.

Kyunghee Park | Bloomberg News
December 2, 2020
Business, Technology, Equipment, Fuel

Hyundai Readies Fuel Cell Truck for US Market

Hyundai Hyundai plans to enter the U.S. truck market with its XCIENT fuel cell truck. (Hyundai)

Hyundai Motor Co. said it would expand its fuel cell truck sales efforts to the U.S. and China and significantly increase production over the coming year.

Jerry Hirsch | Contributing Writer
October 7, 2020