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The South Korean auto giant has no plans to slow down in the US. Hyundai will reportedly announce another $20 billion investment in the US later today. The funds will help boost local production, including a new steel plant for its upcoming EVs. President Donald Trump and Hyundai are expected to announce the new US investment later today.

Hyundai to invest another $20 billion in the US

Hyundai is coming off its best sales year ever in the US, selling over 836,800 vehicles, 4% more than it did in 2023. February was its fifth straight record sales month in the US.

Even with US President Trump raising import tariffs, Hyundai is confident the momentum will continue. According to a new CNBC report, Hyundai will announce a $20 billion investment in the US later today. Sources familiar with the matter said the plans include a $5 billion steel plant in Lousiana.

The facility will produce “next-generation steel” for Hyundai’s electric vehicles, creating around 1,500 jobs. Hyundai already has two major manufacturing plants in the US, one in Alabama and the other in Georgia.

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According to the report, Hyundai will announce the opening of its third plant (also in Georgia) on Monday. Hyundai Chairman Euisun Chung, Louisiana Gov. Jeff Landry, and President Donald Trump are expected to announce the investment.

Hyundai-$20-billion-EVs-US
2025 Hyundai IONIQ 5 Limited (Source: Hyundai)

Trump targeted South Korea earlier this month, claiming its tariffs were four times higher than those of the US. The South Korean government shot back, saying the two countries had free trade, and the effective tariff rate on US imports was 0.79% last year.

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Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

The new investment comes ahead of Trump’s April 2 tariff deadline. Hyundai is already one of the top EV sellers in the US. The IONIQ 5 was the fourth top-selling EV in the US last year behind the Tesla Model Y, Model 3, and Ford’s Mustang Mach-E.

After a major refresh, the 2025 IONIQ 5 now has more range (up to 318 miles), improved style inside and out, and an NACS port for charging at Tesla Superchargers.

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Hyundai IONIQ 9 three-row electric SUV (Source: Hyundai)

With its first three-row electric SUV, the IONIQ 9, arriving and production ramping up at its new EV plant in Georgia, Hyundai North America CEO Randy Parker said he’s “confident this momentum will continue.”

Check back soon for more details on the investment. We’ll keep you updated with the latest.

Source: CNBC

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Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

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Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

Kia is about to go on the offensive. The automaker plans to nearly triple electric vehicle production in Europe within the next two years as it introduces the new EV2 and EV4.

Kia doubles down on EV2 and EV4 production plans

With the EV2 and EV4 joining the lineup, Kia will offer an electric vehicle for nearly everyone. The EV2 is Kia’s smallest, most affordable electric car, set to sit below the EV3.

Despite its compact size, Kia said the EV2 will “redefine urban electric mobility” with a flexible interior, its latest connectivity tech, and more.

According to Kia’s CEO, Ho Sung Song, the company plans to build about 100,000 EV2s at its Zilina plant in Slovakia.

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“The average annual production of the upcoming EV2 is expected to reach around 100,000 units at the Zilina plant in Slovakia in 2027,” Song told Automotive News Europe earlier this month.

Kia is also scaling up output of its first electric hatchback, the EV4. By 2027, Kia plans to build over 80,000 EV4s at the Zilina plant. If you add in the EV4 Fastback or sedan models built in Korea, “the EV4’s combined global production is expected to reach approximately 100,000 units,” Kia’s CEO said.

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The Kia Concept EV2 at IAA Mobility 2025 in Munich (Source: Kia)

Song explained that Kia aims to produce 100,000 EV2 and EV4 models globally each year, as this volume will be high enough to make them profitable.

The new production target is considerably higher than what Kia Europe CEO Marc Hedrich told Automotive News Europe in August.

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Kia starts EV4 hatchback production in Europe, its first EV built in Europe (Source: Kia UK)

Hedrich said that combined EV2 and EV4 production could account for 10% and 20% of the output at the Zilina plant in 2026, adding that a production goal of 20,000 to 30,000 EV4s “would certainly make sense” next year.

Officials from Kia Europe explained that production plans shifted after the EV4 received better-than-expected feedback following its launch in August.

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Kia starts EV4 hatchback production in Europe, its first EV built in Europe (Source: Kia UK)

Kia began EV4 production on August 20, marking a milestone as its first EV built in Europe. Kia is investing €108 million ($125 million) in the Zilina plant to produce the EV2 and EV4. The EV2 will join in 2026.

The facility has the capacity to build 320,000 vehicles, but Kia said output could be expanded to 350,000 with overtime.

Kia-EV3
Kia EV3 Air in Frost Blue (Source: Kia UK)

Kia has yet to reveal final specs, but given the EV3 is about 4,300 mm (169.3″) in length, the EV2 is expected to be slightly smaller at around 4,000 mm (157″). That’s about the size of Hyundai’s entry-level EV, the Inster, at 3,825 mm (150″) in length.

Like the EV9 and recently launched EV5, Kia’s compact electric car features a more upright, crossover-SUV-like design.

Although Kia’s overall sales are down 3% in Europe through August, EV sales are up 56% to 71,179. The EV3 is driving growth as Kia’s second-best-selling vehicle behind the Sportage and as the seventh best-selling EV in Europe. Through the first eight months of 2025, Kia sold 45,269 EV3s in the region.

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The Honda Prologue scored big in August with incentives of over $12,000

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The Honda Prologue scored big in August with incentives of over ,000

Honda’s electric SUV was the third most popular EV in the US in August, behind the Tesla Model Y and Model 3. Offering over $12,000 in average incentives, the Honda Prologue scored big as buyers rushed to claim the federal EV tax credit.

Honda Prologue registrations surge with huge incentives

As the $7,500 credit expired at the end of September, automakers were offering pretty notable discounts, many in the five digits with combined incentives.

The Honda Prologue has been one of the most discounted EVs over the past few months. Last month, buyers could score up to over $20,000 in combined savings, including a $7,500 credit, $9,500 in financing bonuses, trade-in offers, and 0% interest for six years.

According to the latest registration data from S&P Global Mobility (via Automotive News), the incentives helped propel the Honda Prologue to become the third most popular EV in August.

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A total of 138,457 EVs were registered in the US in August, up 24% from a year ago. Honda Prologue registrations surged 81% to 9,005 vehicles, the data showed.

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2025 Honda Prologue Elite (Source: Honda)

Since some automakers don’t report monthly or US sales numbers, the S&P Global Mobility data offers a snapshot of sales performance.

The Prologue was yet again one of the most discounted models, with incentives of $12,704 in August, according to Motor Intelligence. Last August, Prologue incentives were just $5,813. Honda’s gas-powered CR-V had just $2,016 in incentives in August.

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2025 Honda Prologue (Source: Honda)

Although the $7,500 credit expired on September 30, Honda is still offering generous incentives for Prologue buyers and lessees.

The 2025 Honda Prologue is available with up to $16,550 in lease cash in most states. Alternatively, Honda is offering 0% APR financing for up to 60 months.


2025 Honda Prologue trim
Starting Price* EPA Range
(miles)
EX (FWD) $47,400 308
EX (AWD) $50,400 294
Touring (FWD) $51.700 308
Touring (AWD) $54,700 294
Elite (AWD) $57,900 283
2025 Honda Prologue prices and range by trim (*Does not include $1,450 D&H fee)

Although the Acura ZDX will not return for a 2026 model year, Honda is planning to launch the 2026 Prologue. We have yet to learn prices, but we could see it priced slightly lower due to the loss of the $7,500 EV credit.

Hyundai announced earlier this month it’s reducing 2026 IONIQ 5 prices by up to nearly $10,000 on some trims. The 2026 Hyundai IONIQ 5 now starts at under $35,000. Will Honda match it?

Want to check out the Prologue for yourself? You can use our link to find available Honda Prologue models in your area (trusted affiliate link).

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Oregon launches its first solar + storage DC fast charging station

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Oregon launches its first solar + storage DC fast charging station

XCharge North America (NA) has opened Oregon’s first solar + storage DC fast charging station at Arrowhead Travel Plaza in Pendleton, part of the Wildhorse Resort & Casino complex owned by the Confederated Tribes of the Umatilla Indian Reservation.

NetZero Energy helped bring the project to life, handling system design and project management. The solar canopy provides renewable power to the chargers, while the integrated batteries make the site more resilient and capable of off-grid operation during outages.

The new station integrates four dual-dispenser 215kWh GridLink chargers with 40kW of solar that can output up to 194kW per unit, allowing drivers to charge quickly with CCS1 or NACS plugs while reducing strain on the grid. The site’s location on Interstate 84 is key because Arrowhead serves more than 1.7 million vehicles a year. Many drive the steep, rough weather-prone Cabbage Hill grade, where a full charge is essential for safety.

“We partnered with XCharge NA because they provide a grid-friendly charging solution with battery storage that seamlessly integrates with a custom solar canopy – a perfect fit for our climate,” said Tom Fine, general manager of Arrowhead Travel Plaza.

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Each GridLink charger includes bidirectional capability, meaning it can send power back to the grid or function off-grid in the event of an emergency. It also has a built-in safety system that monitors battery packs with multiple sensors and fire suppression technology.

With this project, XCharge North America now operates in 18 states. Cofounder and president Aatish Patel called Oregon’s first solar-supplemented DC fast-charging site a milestone: “Our Arrowhead Travel Plaza installation goes beyond simply delivering ultra-fast charging – it’s a powerful demonstration of how integrating our GridLink technology with solar power can offset grid demand, enhance a charging site’s resilience and flexibility, and even bolster the region’s energy architecture.”

Read more: XCharge NA is now leasing DC fast chargers to small businesses


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