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Hyundai

IONIQ range, E-GMP platform and the Metaplant ramp — Hyundai’s EV push, tracked.

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Oct 21
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Fisker's New Wave of Funding: What's Next?
Fisker

Fisker’s Electric Dreams Crash as EV Startup Files for Bankruptcy

Fisker, the struggling electric vehicle startup, has filed for Chapter 11 bankruptcy amid mounting financial woes and production challenges. The company, known for its Fisker Ocean electric SUV, had previously warned of a potential collapse due to insufficient funds to survive another year, reports CNN. In a statement, a Fisker spokesperson acknowledged the difficulties faced…

Hyundai

Hyundai’s US-Made Ioniq 5 Set to Qualify for Full EV Tax Credit

First Car to Roll Out of Georgia Factory This Fall Hyundai’s Ioniq 5 will be the first electric vehicle produced at the company’s new factory in Georgia, starting in October. CEO Jose Muñoz expects the US-made version to be eligible for the full $7,500 federal EV tax credit, which the South Korea-made model currently doesn’t…

Alabama

Hyundai Sued for Child Labor in Alabama Supply Chain

Feds Hold Hyundai Accountable for Child Labor The U.S. Labor Department has filed a lawsuit against Hyundai for using child labor in its Alabama supply chain, reports The NY Times. This includes allegations that a 13-year-old girl worked up to 60 hours a week making car parts. The suit, filed in Montgomery, Ala., claims Hyundai…

Bolt

US EV Sales Slowdown: Just a Blip or a Bust?

According to a recent Bloomberg report, the sluggish start to US electric vehicle (EV) sales in 2024 may not be as concerning as it initially appears. While some indicators point to a potential slowdown, others suggest an industry on the verge of its next growth spurt. Mixed Signals in Q1 2024 In the first quarter…

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