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The South Korean auto giant has no plans to slow down in the US. To drive growth in the US, Hyundai will invest $21 billion over the next three years. The funds will help expand production, partnerships, and EV charging infrastructure in the US. Some of the investment will also be used for a new plant to produce steel for its upcoming EVs.

Hyundai announces $21 billion investment 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.

Over the next three years, the South Korean auto giant plans to invest $21 billion in the US. Hyundai will use $9 billion to increase US production capacity between the Hyundai, Kia, and Genesis brands to 1.2 million.

Some of the funds will be used to upgrade its current manufacturing plant in Alabama and Kia’s Georgia facility. Another $6 billion will be used to expand its supply chain, including EV parts like battery packs.

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Meanwhile, Hyundai Steel will use some of it to build a new Electric Arc Furnace steel mill in Louisiana. The facility will be able to produce 2.7 million tons of steel for Hyundai vehicles, including EVs.

Hyundai will use the other $6 billion to advance new tech and expand partnerships in autonomous driving, robotics, AI, and advanced air mobility. Some of its projects include partnering with NVIDIA to accelerate autonomous driving and AI for mobility and supplying robotaxis to Waymo.

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2025 Hyundai IONIQ 5 Limited (Source: Hyundai)

By 2028, Hyundai’s investments will create around 14,000 new direct full-time jobs. Overall, it will generate over 100,000 direct and indirect jobs in the US.

Later this week, Hyundai will hold an opening ceremony at its massive new EV plant in Georgia, Hyundai Motor Group Metaplant America, where the 2025 IONIQ 5 is being built. Soon, it will be joined by Hyundai’s first three-row electric SUV, IONIQ 9.

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

The investment comes after 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.

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.

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

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.

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 in January that he’s “confident this momentum will continue” over the next few years. The new investment will only charge up Hyundai’s ambitions in the US.

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Tesla drops ‘FSD’ from name of its driver-assist tech in China

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Tesla drops 'FSD' from name of its driver-assist tech in China

After a rocky rollout of its “Full Self-Driving” (FSD) system in China, Tesla is dropping “FSD” from the name of the system while it faces increased scrutiny from regulators.

Last month, Tesla started rolling out a limited version of its FSD system in China, finally allowing driver assist features to be used on urban roads in the country after a long wait.

Tesla is facing competition from Chinese domestic manufacturers. BYD recently pushed a software update giving smart driving features to all of its vehicles – for free. This is surely part of what pushed Tesla to roll out its FSD system in China in the first place.

But immediately after that rollout, Tesla drivers started racking up fines for violating the law. Many roads in China are watched by CCTV cameras, and fines are automatically handed out to drivers to break the law.

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It’s clear that the system still needs more knowledge about Chinese roads in general, because it kept mistaking bike lanes for right turn lanes, etc. One driver racked up 7 tickets within the span of a single drive after driving through bike lanes and crossing over solid lines. If a driver gets enough points on their license, they could even have their license suspended.

Between these troubles and a new set of rules for connected vehicles in China, Tesla rolled back its FSD rollout just this week, only a week after having announced a month-long free trial (as it has done in the US before).

It looks like it’s now making some naming changes, too – and these changes are timed in a way that suggests they might have something to do with that new scrutiny for connected vehicles.

The change in names appeared on Tesla’s website in the last day or so. You can see it below, in both Chinese and translated to English:

Previously, the system was called “FSD Intelligent Assisted Driving” in Chinese. The new name drops “FSD” from the title, and simply calls it “Intelligent Assisted Driving.” It has also previously been called “Full Self-Driving Capability” in China.

Tesla has received plenty of criticism over the years for the name of its system, which, despite being called “Full Self-Driving,” does not actually allow cars to fully drive themselves. Tesla changed the name to “Full Self-Driving (Supervised)” in the US last year, to show that a driver still needs to supervise the vehicle while the system is active.

Despite the name change, the system is still fetching the same price – 64,000 yuan, or about $8,800 USD. Each level of

Tesla also removed the world “autopilot” from the Chinese name for its lower version of driver assist software. This word is meant to evoke airplane systems which can do basic tasks but still require an attentive pilot to take over in case anything goes wrong, but has also been subject to criticism over the years because of the colloquial understanding that suggests drivers can stop paying attention while it’s turned on.

Tesla says that it still intends to offer its driver-assist system in China once it gets the necessary approvals. Perhaps today’s retreat in naming conventions is part of those requirements.


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The SEL trim is the best 2025 Hyundai IONIQ 5 lease deal right now

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The SEL trim is the best 2025 Hyundai IONIQ 5 lease deal right now

The 2025 Hyundai IONIQ 5 SEL is more expensive than the more basic SE, but it’s a better lease deal this month – here’s the lowdown.

The 2025 IONIQ 5 SE Standard Range is the cheapest lease deal right now because it can be leased for $199 per month over 24 months with $3,999 due at signing.

If you want to drive the 2025 IONIQ 5 SE Long Range, which adds an extra 73 miles of range and 57 horsepower, the monthly payment rises to $229 per month over 24 months, with $3,999 due at signing. As CarsDirect points out, that puts the effective monthly cost at $396, and that’s a fantastic deal relative to the SE Long Range’s price of $48,125.

But when we look at the SEL trim, things get interesting: You can upgrade to the $51,075 SEL model for just $10 more per month.

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Hyundai cut $40 off the lease price of the 2025 IONIQ 5 SEL in March, giving it a monthly price of $406. CarsDirect reports that Hyundai is able to offer this great deal on the SEL trim because of the comparably high residual value (65% vs. 63%) and $750 more in lease cash ($12,250 vs. $11,500) factored into the payment than the SE Long Range.

The SEL and SE Long Range have the same powertrain, but that extra $10 a month gets you projector headlights, roof rails, a hands-free power liftgate, a power passenger seat, heated rear seats, rear climate control vents, a heated steering wheel, and other goodies.

These 2025 Hyundai IONIQ 5 offers are advertised in Los Angeles and are valid through March 31.

Click here to find a dealer that may have the 2025 Hyundai IONIQ 5 SEL in stock. trusted affiliate link


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Tesla is banned from Canada EV rebate program, gov freezes suspicous $43 million in rebates

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Tesla is banned from Canada EV rebate program, gov freezes suspicous  million in rebates

Tesla has been banned from upcoming federal EV rebate programs in Canada as the government freezes the suspicious $43 million in rebates that Tesla claimed days before the program was paused earlier this year.

Earlier this month, it was reported that Tesla claimed $43 million in government rebates from the iZEV federal EV rebate program in Canada just a few days before the program was paused due to a lack of funds.

The move was suspicious as it would have required Tesla to deliver over 8,000 vehicles at just 4 locations on a weekend, which is physically impossible.

It is believed that Tesla preemptively filed for thousands of rebates after being made aware of the pause to ensure it wouldn’t run out in an anticipated surge in demand due to the program’s pause.

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However, this tactic proved problematic. The government told other car dealers who actually delivered EVs before the end of the program that they couldn’t get the rebates, which were already applied to the customer purchases, as Tesla took most of the money for vehicles it likely didn’t deliver.

Today, Chrystia Freeland, Canada’s new transport minister, confirmed that the funds have been frozen until it can investigate precisely what happened with Tesla’s rebates.

Furthermore, Freeland confirmed that Tesla will be banned from future federal rebates for electric vehicles. In this case, it has more to do with the trade war launched by President Trump, whose biggest political donor is Tesla CEO Elon Musk.

She said (via the Toronto Star):

No payments will be made until we are confident that the claims are valid. I also directed my department to change the eligibility criteria for future iZEV programs to ensure that Tesla vehicles will not be eligible for incentives so long as the illegitimate and illegal U.S. tariffs are imposed against Canada.

The federal government is following the same strategy as some provinces. British Columbia has recently banned Tesla products from its EV charger rebate. Nova Scotia just announced that it has excluded Tesla from its $2,000 rebate at the purchase of a new EV.

Quebec just relaunched its own EV incentive program today. It will come into effect next week, and so far, Tesla’s Model 3 and Model Y vehicles are still included in the list of eligible vehicles.

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