Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). After the new IRA guidelines took effect in April, electric models with assembly or battery minerals sourced outside the US or its free trade partners…

South Korea’s Hyundai Motor Group and LG Energy Solution (LGES) just announced that they will build a $4.3 billion EV battery plant in the state of Georgia. The two companies signed a memorandum of understanding in a signing ceremony today at LGES’s headquarters in Seoul. The two companies will 50/50 jointly open their new EV battery plant in Bryan County, south of Savannah. It will be…

Mercedes-Benz has hired a contractor to install a 20-turbine wind farm at its test track in Papenburg, Germany. German wind farm developer UKA has been awarded a long-term contract worth “hundreds of millions” to install the 20 wind turbines by 2025, and bringing the wind farm online is planned for 2026. Once up and running, it will cover around 20% of Mercedes-Benz’s annual electricity…

Tesla CEO Elon Musk is going to discuss the future of electric vehicles with Ford CEO Jim Farley on a Twitter Spaces. Musk has been pushing his Twitter Spaces feature over the last few weeks. When being interviewed by CNBC earlier this month, he insisted that the interview also be live on the live chat platform powered by Twitter. Yesterday, he also hosted Ron DeSantis’ official campaign…