Latest news with #KiaEV
Business Insider
4 days ago
- Automotive
- Business Insider
Hyundai just built a $7.6 billion EV factory in Georgia to compete with Tesla and GM — see inside
The Hyundai Motor Group Metaplant America is an all-new $7.6 billion EV factory. HMGMA, located near Savannah, Georgia, opened its doors in March of this year. The factory will be able to build 500,000 EVs and Hybrids for Hyundai, Kia, and Genesis every year. The $7.6 billion Hyundai Motor Group Metaplant America, or HMGMA, is one of the newest and most technologically advanced car factories in the world. The plant, located near Savannah, Georgia, opened its doors in March and will be a key production facility for Hyundai's EVs and PHEVs, as well as those belonging to its Genesis luxury brand and sister company Kia. In a recent interview with Business Insider, Genesis North America COO Tedros Mengiste cited the investment as an example of Hyundai's track record for "visionary and strategic, and long-term thinking." I recently took a behind-the-scenes tour of Hyundai's new megafactory packed with autonomous robots and state-of-the-art tech. The Hyundai Metaplant is situated on a 3,000-acre campus in the south Georgia town of Ellabell. Located just 20 miles from the Port of Savannah, one of the busiest in the US, the plant not only gives Hyundai much-needed manufacturing capacity in the US to avoid import tariffs, but it also affords the company the flexibility to export vehicles abroad. It also gives Hyundai the production footprint to compete against rivals like Tesla, GM, and Rivian, which is also building a new factory in Georgia. Driving up to the factory, it's easy to be wowed by the sheer scale of the sprawling complex. It's Hyundai Group's second car factory in the state. The company also operates a $3.2 billion, 2,200-acre facility in West Point, Georgia, that builds Kia EV and ICE SUVs. I drove to the factory in a new 2026 Hyundai Ioniq 9 EV SUV, which is one of the vehicles assembled at the Metaplant. My tour began in the plant's modern main lobby. Hyundai broke ground on the facility in the fall of 2022 and took just two years to complete construction on the main production buildings. The Metaplant site consists of 11 buildings totalling 7.5 million square feet of space. The Metaplant is a marvel of vertical integration, with the goal of having as many key components, ranging from battery packs to seats, made on-site. Here's a Hyundai XCIENT hydrogen fuel cell semi truck used to transport parts and supplies to the factory. The production process starts in the stamping shop, where sheet metal is cut and stamped into parts that will make up the frame of the car. The sheet metal is supplied by the on-site Hyundai Steel facility. Stamped parts are transported by automated guided vehicles, or AGVs. The stamped metal panels are then stored in these massive racks. The Metaplant was originally expected to produce up to 300,000 electrified vehicles annually. However, Hyundai announced at the plant's grand opening in March that its capacity will be expanded to 500,000 units in the coming years as part of a new $21 billion investment in US manufacturing. Here are parts of the Ioniq 9, Hyundai's new flagship three-row EV SUV. The next part of the tour is the welding shop. Here, the stamped metal pieces are welded together by robot to form the body of the vehicle. The work done by the welding robots is then inspected by the plant's human employees known as Meta Pros. There are employee meeting and break areas located along the inspection and assembly areas. An employee cafeteria with remote ordering capability is located in the main assembly building. In addition to human eyes, the vehicles are also inspected by a pair of Boston Dynamics robot dogs called Spot. In 2021, Hyundai acquired an 80% stake in Boston Dynamics in a deal that valued the company at $1.1 billion. After the inspections are complete, a robot loads the partially assembled vehicles onto a conveyor system. Next stop, the paint shop. Unfortunately, my tour did not get access to the paint shop due to concerns that outside visitors may compromise the quality of the paint application. Here, the painted bodies are married with their battery packs and skateboard chassis. Hyundai Mobis produces the skateboard chassis in a building next door to the general assembly facility. The Metaplant's on-site battery factory, operated in a joint venture with LG, is expected to come online next year. The plant currently sources its batteries from Hyundai's other facilities, including one in North Georgia that's a joint venture with SK. The vehicles' interiors are then assembled by hand. The further along the production process, the more you see human workers on the assembly line. Partially assembled EVs are shuttled through from area to area by the automated robots. The entire facility was immaculately clean, quiet, and felt beautifully choreographed. Assembled vehicles are loaded onto different AGVs that navigate the facility by reading the QR codes embedded into the floor. These AGVs shuttle the vehicles through the plant's various quality control tests. At the end of the assembly line, completed EVs are put through their paces at the on-site test track before being sent to the vehicle preparation center, or VPC, to get them ready for shipping. Vehicles destined for dealerships in the region are put on trucks, while those traveling more than 500 miles are shipped by rail at the Metplant's on-site train terminal.
Yahoo
17-05-2025
- Automotive
- Yahoo
Tesla (NasdaqGS:TSLA) Updates Bylaws and Welcomes New Board Member Jack Hartung
Tesla recently amended its bylaws and announced the appointment of Jack Hartung to its board, sparking interest in enhanced governance and strategic insights. Meanwhile, the market showed a 5% rise in the past week, yet Tesla's remarkable 45% price increase over the past month significantly outpaced this growth. Events such as improved access to Tesla's Supercharger network for Kia EV owners, despite the company's legal challenges and declining earnings, might have presented mixed influences. Overall, Tesla's price movement far exceeded broader trends, suggesting strong investor confidence in the company's recent strategic adjustments. You should learn about the 2 risks we've spotted with Tesla. This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. The recent bylaw amendments and board appointment at Tesla (NasdaqGS:TSLA) align with the company's goals of enhancing governance and strategic insights. Over five years, Tesla's total shareholder return, encompassing stock price appreciation and dividends, was a very large 542.65%, underscoring strong performance despite facing fluctuating market conditions and legal challenges. When comparing the last year's performance, Tesla exceeded the US Auto industry, reflecting a resilient market position amidst diverse economic influences. This governance update may bolster investor confidence, potentially affecting revenue and earnings forecasts by supporting strategic ventures like autonomous vehicles and energy expansion. The introduction of features such as improved access to its Supercharger network could influence future revenue streams positively, although ongoing geopolitical uncertainties and execution risks may pose challenges. With Tesla's current share price at US$275.35, a modest 4.9% discount exists relative to the consensus analyst price target of US$289.44. This suggests a perception of Tesla's fair market value, implying limited upside potential according to current forecasts. Investors must weigh these factors with the implications of recent initiatives and governance enhancements. Our comprehensive valuation report raises the possibility that Tesla is priced higher than what may be justified by its financials. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TSLA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Korea Herald
07-03-2025
- Automotive
- Korea Herald
Kia EV3 sweeps award in the UK Car of the Year 2025
South Korea's second-largest carmaker Kia said the EV3, its small electrified SUV, has been crowned UK Car of the Year 2025. The UK Car of the Year Awards is an independent accolade judged by a panel of leading UK journalists from the automotive, business, and technology industries. Topping the small crossover category on Feb. 20, Kia's EV3 secured its spot as the finalist by surpassing global competitors including Hyundai Motor Group, Suzuki and Skoda. This marks the second consecutive year that a Kia EV has won the title, following the success of the Kia EV9 in 2024, which triumphed in the large crossover category. The EV3 has also been recognized as a finalist for the European Car of the Year 2025. 'Kia has successfully expanded its EV portfolio, following the success of the EV6 and the UK Car of the Year 2024, the EV9. The specifications, driving range and distinctive designs were the biggest attributes that impressed our strong field of panelists,' stated John Callen, co-chairman of the awards. 'We are certain our EV3 will continue being a popular and accessible choice for the growing number of people in the UK who are willing to switch to EVs,' added a Kia official. Introduced last May, Kia has maintained its momentum with the EV3, having sold 15,537 vehicles in the domestic market as of February and 54,130 vehicles overseas as of January this year.
The Independent
20-02-2025
- Automotive
- The Independent
New Kia EV4 to join EV3, EV6 and EV9 in Kia's growing electric car line-up
Kia has revealed the first pictures of its new EV4 model ahead of the brand's EV Day, when more details of more all-electric models are set to be released. The Kia EV4 is unusual among electric cars in that it's available with two body styles: a hatchback and a saloon. Kia's design boss, Karim Habib explained the thinking behind the two different flavours of EV4, saying, 'by offering both saloon and hatchback variants, we are bringing to our customers, the unique experience of modernity and practicality that defines the Kia EV family, in a way that suits their varied lifestyles and needs. 'Offering a fresh take on the saloon, the EV4 saloon features a sleek, low nose and long-tail silhouette. The EV4 hatchback is a nimble, versatile all-rounder. Distinctive and clean, it is built to excel in any situation.' The Kia EV4 follows the design theme that Kia calls 'Opposites United', first seen on the award-winning Kia EV9 SUV. That car's bold combination of sharp lines and beefier body mouldings was carried over to the new EV3 hatchback, while some of that style was also introduced into the facelifted EV6 large hatch. The latest incarnation of Kia's 'Tiger Face' also features on these models. Now the Kia EV4 follows in a car that is less SUV-like than the EV3, but will also slot into the Kia EV range beneath the bigger EV6 hatchback. There are no details yet on the tech for the EV4, other than it's expected to sit on the Hyundai Group's E-GMP platform like the other EV models, which should mean a choice of battery sizes of 58kWh and 81kWh, with potential for an even greater range than the EV3's maximum of 375 due to the EV4's more slippery shape. Kia's EV Day is also expected to reveal more about two other new members of its EV family, a small EV2 and another crossover/SUV model, the EV5. More details on Kia's new PV5 van, also recently revealed, will be released then, too. The Kia EV4 is likely to beat the other new models to market, going on sale later in 2025.
Zawya
20-02-2025
- Automotive
- Zawya
The Kia EV4 fuses innovation and exploration with exterior design unveiling ahead of world premiere
EV4 embodies Kia's 'Opposites United' design philosophy, blending sharp lines with bold, technical details Aerodynamic design features low hood, fastback profile, and unique roof spoiler Progressive expression of electric mobility for customers seeking new technology and freedom to explore broadens appeal of Kia EV range Kia EV4 set to make its world premiere later this month Dubai, United Arab Emirates – Kia Corporation today unveiled the EV4, showcasing both the EV4 sedan and EV4 hatchback models ahead of the brand's second Kia EV Day event, which will be held in Tarragona, Spain. Developed to enhance the appeal of Kia's EV offering, targeting a broad demographic, the EV4 features a modern design and advanced technologies that resonate with lifestyle-focused buyers who are eager to explore. 'The Kia EV4 is a clear reflection of our commitment to rethink mobility, and expand the boundaries of what design can achieve. By offering both sedan and hatchback variants, we are bringing to our customers, the unique experience of modernity and practicality that defines the Kia EV family, in a way that suits their varied lifestyles and needs' said Karim Habib, Executive Vice President and Head of Kia Global Design. 'Offering a fresh take on the sedan, the EV4 sedan features a sleek, low nose and long-tail silhouette. The EV4 hatchback is a nimble, versatile all-rounder. Distinctive and clean, it is built to excel in any situation.' What defines the Kia EV4's design? Rooted in Kia's 'Opposites United' design philosophy, the EV4 typifies harmony achieved through contrasts in a manner not seen before in the compact segment. This ethos is highlighted in the vehicle's dynamic profiles, which blend sharp, distinctive lines with bold, technical detailing. The EV4 demonstrates Kia's vision for the next generation of electric sedans through its innovative silhouette, presenting a new typology in a uniform EV market. Every element of the EV4's design speaks to a forward-thinking character, embodying a sense of freedom and exploration that resonates with drivers seeking innovation and versatility. With both the EV4 sedan and the EV4 hatchback models, Kia's unique design approach ensures both models are equally at home on urban streets or continent-crossing adventures. What exterior design features characterize the Kia EV4 sedan? The EV4 sedan and EV4 hatchback's striking front-end design feature Kia's innovative EV Tiger Face, complemented by vertically oriented headlamps and the brand's iconic Star Map lighting signature. This dynamic combination accentuates the vehicle's wide, sporty stance while underlining its refined, cutting-edge character. The EV4 sedan reimagines sedan typology with a sleek, streamlined silhouette incorporating a low hood line that flows rearward to a long-tail design. A roof spoiler, unique to the EV4, reinforces the vehicle's premium aesthetic, while machined 19-inch wheels with intricate technical stripe patterns highlight Kia's 'Opposites United' design ethos. Together, these features deliver a progressive presence. From the rear, the EV4 sedan continues this approach with a distinctive two-piece rear spoiler that works in combination with vertical light units to reinforce the vehicle's wide stance and pioneering spirit. The clean bumper design, accented by a technical pattern where it meets the tailgate, underscores Kia's attention to detail and advanced design. What exterior design features characterize the Kia EV4 hatchback? The EV4 hatchback has a contemporary, solid look, defined by its contrasting black vertical C-pillars and crisply executed lines. Robust fenders and machined 19-inch wheels add visual strength and a sense of dynamic energy, while geometric patterns applied to the car's lower body sections emphasize its innovative nature. The EV4 hatchback's rear profile mirrors the strong proportions of its sedan sibling while adding its own unique character. Sharply sculpted lines, wide-positioned taillights, and a sloping rear window create a clean, robust look. The bold upright C-pillar trim provides a contrasting visual element, emphasizing the vehicle's proportions and design identity. What exterior design features characterize the Kia EV4 GT-Line? The EV4 GT-Line features exclusive design elements in addition to the innovative base model, creating a more dynamic character. The wing-shaped front and rear bumpers provide a stronger, sleeker impression, while the triangular-motif 19-inch wheels enhance the vehicle's futuristic, sporty feel. Looking ahead: 2025 Kia EV Day Kia will host its 2025 Kia EV Day in Tarragona, Spain, on February 24, where the Kia EV4 will make its debut along with the announcement of an expanded electrification strategy. Detailed design and product features of the EV4 will officially be revealed on February 27, and an event video will be released on the Kia Worldwide YouTube channel in March. Kia Corporation – about us Kia ( is a global mobility brand with a vision to create sustainable mobility solutions for consumers, communities, and societies around the world. Founded in 1944, Kia has been providing mobility solutions for more than 80 years. With 52,000 employees worldwide, a presence in more than 190 markets, and manufacturing facilities in six countries, the company today sells around three million vehicles a year. Kia is spearheading the popularization of electrified and battery electric vehicles and developing a growing range of mobility services, encouraging millions of people around the world to explore the best ways of getting around. The company's brand slogan – 'Movement that inspires' – reflects Kia's commitment to inspire consumers through its products and services. For more information, visit the Kia Global Media Center at For media inquiries, please contact Gaia Cianci Senior Account Executive E.
