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According to a new report, Hyundai Motor Group is forming a powerhouse EV alliance by joining forces with fellow South Korean tech giants Samsung, SK, and LG.

After a successful introduction to the market, Hyundai Motor Group, including Kia and Genesis, has already revealed plans to become a top three global EV producer by 2030.

The automaker is using the electric era to reimagine its brands, a move that is already paying off. Hyundai’s first dedicated EV, the IONIQ 5, is an electric SUV with up to 310 miles of range and all the extras like 800 V fast charging and vehicle-to-load (V2L) capabilities.

As Hyundai Europe president and CEO Michael Cole explains, “brand loyalty doesn’t seem to be as strong in EVs,” as the IONIQ 5 is attracting a new premium base of customers.

Kia is doing the same with its first dedicated electric model, the EV6, with plans to build upon its momentum with its flagship EV9 electric SUV.

Meanwhile, Genesis continues expanding its presence in the EV era. Hyundai’s luxury brand recently revealed innovative features for its GV60 electric SUV, including facial recognition to allow entry without keys or any physical touch.

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Hyundai IONIQ 6 (Source: Hyundai)

Hyundai, Samsung, SK, and LG form an EV alliance

Industry officials stated Monday that Hyundai is now teaming up with other South Korean market leaders, including Samsung, SK, and LG, to form an EV alliance and boost sales in the region.

According to The Korea Times, the EV alliance anticipates using Samsung’s autonomous-driving semiconductors and SK’s batteries on Hyundai and Kia electric models. Meanwhile, LG will supply organic light-emitting diode (OLED) instrument panels to guide drivers.

The report notes Hyundai is establishing close ties with the domestic tech giants to prepare for the auto industry’s future, including electric and autonomous cars.

An industry official stated:

Synergy effects are expected to occur through collaborations among domestic companies which are anticipated to have a significant impact on the development of the domestic industry.

The move comes after all companies in the alliance have invested heavily to boost their competitiveness in the rapidly evolving auto industry.

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Hyundai and Sony collaboration for Spider-Man: Across the Universe (Source: Hyundai)

LG competes for the top two spots globally in the major components business, with affiliates including LG Display (panels), LG Innotek (camera modules), LG Magna (powertrain), and LG Electronics (OS and infotainment).

LG Energy Solution, SK On, and Samsung SDI are market leaders globally in the EV battery sector. Samsung Electronics also supplies semiconductors to Audi and Volkswagen.

As the race to introduce electric vehicles heats up, the alliance is expected to strengthen as the South Korean tech giants can complement each other’s successes.

Electrek’s Take

Hyundai is searching for domestic companies to establish partnerships with and strengthen its supply chain.

An EV alliance with Samsung, SK, and LG could significantly boost the automaker’s chances of hitting its goal and becoming a top three EV producer globally by 2030. By bringing in domestic technology, Hyundai can cut transportation costs and establish close communication lines for future research and development.

Hyundai plans for global EV export volume to reach 3.64 million units by 2030 after an around $18 billion (KRW 24 trillion) investment to boost EV production and exports in collaboration with Kia and supplier Hyundai MOBIS earlier this year.

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First Solar opens a Louisiana factory that’s 11 Superdomes big

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First Solar opens a Louisiana factory that’s 11 Superdomes big

First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.

The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.

The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.

The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.

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Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.

First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”

This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.

Read more: First Solar pours $330M into a new South Carolina solar factory


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Chevy previews a sporty new EV, but will it actually come to life?

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Chevy previews a sporty new EV, but will it actually come to life?

No, it’s not the new Bolt. GM’s design team previewed a new high-riding “sporty Chevrolet EV” that should be brought to life.

Is Chevy launching a new sporty EV?

This is the all-electric vehicle Chevy should sell in the US. General Motors’ design team released a series of sketches previewing a sporty new Chevy EV.

Although it kinda looks like the new 2027 Chevy Bolt EV as a higher-sitting compact crossover SUV, the design offers a fresh take on what it should have looked like.

The new Bolt is essentially a modernized version of the outgoing EUV model with a similar compact crossover silhouette. Nissan adopted a similar style with the new 2026 LEAF as buyers continue shifting from smaller sedans and hatchbacks to crossovers and SUVs.

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Will we see the sporty Chevy EV in real life? It’s not likely. For one, the “exploration sketch” is by GM China Advanced designer Charles Huang.

GM Design posted the sketches on its global social media page, but the caption read “Sporty Chevrolet EV for the China Market.”

It’s too bad. The Bolt could use a sporty sibling like an SS variant. Chevy introduced the Blazer EV SS (check out our review) for the 2026 model year, its fastest “SS” model yet. Packing up to 615 horsepower and 650 lb-ft of torque, the Chevy Blazer SS can race from 0 to 60 mph in 3.4 seconds when using Wide Open Watts (WOW) mode.

Will the Bolt be next? I wouldn’t get my hopes up. And if GM does bring the sporty Chevy EV to life, it will likely only be sold in China. Like all the fun cars these days.

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The 2027 Chevy Bolt EV RS (Source: Chevrolet)

What do you think of the design? Would you buy one of these in the US? Let us know your thoughts in the comments.

While deliveries of the 2027 Bolt are set to begin in early 2026, Chevy is offering some sweet deals on its current EV lineup, including up to $4,000 off in Customer Cash and 0% APR financing for 60 months.

Ready to test drive one? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.

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Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

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Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

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We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET:

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