RICHMOND, Virginia – Governor Glenn Youngkin said Thursday that he felt that Ford’s partnership with Contemporary Amperex Technology Co., Ltd. (CATL) to build a battery factory potentially sited in Virginia seemed like an effort to dodge the intent behind the Inflation Reduction Act, and accused The Richmond Times-Dispatch of ignoring facts in reporting on his decision to block the economic development opportunity from going forward in the Commonwealth.Read More
Youngkin Nixes Ford Battery Plant Over Partnership with Chinese Company
Governor Glenn Youngkin blocked Virginia from consideration for a battery plant to supply Ford Motor Company amid concerns about the technology supplied by a Chinese company, he told reporters on Wednesday.
In a press gaggle, Youngkin criticized a clean energy push that relied on technology “owned and dominated by the Chinese.”
“Well, we in fact felt that the recent efforts to put forward a Ford plant that would house Chinese technology to build the batteries was in fact representative of that. And that we felt the right thing to do was to not recruit Ford as a front for China to America. Let’s develop our own technology,” Youngkin said after his State of the Commonwealth speech.Read More
Minneapolis Police Ask Kia, Hyundai Owners to Take Precautions amid 900 Percent Increase in Thefts
Minneapolis police are urging the owners of Kias and Hyundais to protect their vehicles after reporting a nearly 900% spike in thefts of those makes from last year.
In a Monday press release, the Minneapolis Police Department (MPD) reported that 2,166 thefts of Kia and Hyundai vehicles have taken place in 2022, up from 218 at this time last year.Read More
Federal Court Orders Parts Manufacturer for Two Car Companies to End ‘Oppressive’ Child Labor Practices
The U.S. Department of Labor (DOL) obtained a federal court order to restrict an Alabama-based automotive parts manufacturer for Kia and Hyundai from employing children, many as young as 13, according to a recent DOL press release.
The U.S. District Court for the Middle District of Alabama ruled in a September consent judgment that the company, SL Alabama LLC, a subsidiary of South Korean SL Corporation, violated the Fair Labor Standards Act and engaged in “oppressive” labor practices, the release stated. The ruling follows an investigation by the Wage and Hour Division, and will effectively block SL Alabama LLC from shipping any products within 30 days of violations.Read More
Car Giant Caught Again Using Child Labor in Alabama
One month after a Reuters investigation revealed that Hyundai supplier SMART Alabama LLC was using children as young as 12 to manufacture car parts in an Alabama factory, a second Alabama supplier of the automotive giant was found to be employing children in a complaint filed by the Department of Labor.Read More
Georgia Taxpayers to Provide $1.8 Billion in Incentives to Large Car Company for New Savannah Electric Vehicle Plant
Georgia governments and development authorities offered Hyundai Motor Group more than $1.8 billion in incentives.
In May, Hyundai said it had selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility. The plan calls for Hyundai to invest more than $5.5 billion in building the facility in the 2,923-acre Bryan County Megasite along Interstate 16, while non-affiliated Hyundai suppliers plan to invest roughly $1 billion in the project.Read More
Commentary: The Bullish Meaning of Hyundai and Kia Cars Everywhere You Look
The next time you’re in traffic, stop and look at the cars surrounding you. If on a city street, also look at the cars passing you as they go in the opposite direction. In a sense it’s fascinating.
Doing this the other day on the Key Bridge (it connects Washington, D.C. and Arlington, VA), the variety of cars was really something. Mostly foreign cars. Lots of Mercedes and BMWs, numerous Toyota, Honda and Nissan vehicles, and somewhat surprisingly, countless Kia and Hyundai models. About the surprise expressed, it’s remarkable how quickly the twin Korean brands have built enormous market share in the world’s greatest car market.Read More
Hyundai to Build First Electric Vehicle Plant in Georgia, but Officials Mum on Incentives Offered
Hyundai Motor Group has selected Georgia for its first fully dedicated electric vehicle and battery manufacturing facility and plans to invest more than $5.5 billion to build the facility.
The plant will be located at the 2,923-acre Bryan County Megasite along Interstate 16 and served by the Georgia Central Railway. It is less than 30 miles from the Port of Savannah.Read More
Hyundai’s New EV Plant in Georgia Will Produce Gas Cars: REPORT
South Korea-based automaker Hyundai is set to announce a new $7 billion manufacturing electric vehicle (EV) plant in the U.S. that will also make gas-powered cars, according to several media reports.
“We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage,” Hyundai told Reuters in a statement on Monday.Read More
Hyundai Plans Electric Vehicle Plant in Georgia with Tax Incentives Unclear
Hyundai Motor Co. has held discussions with Georgia officials about building its new electric vehicle manufacturing plant in the state, according to reports.
It is unclear whether Georgia might offer tax incentives to lure Hyundai to the state.Read More