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Vietnamese EV-maker has filed for IPO to fund a manufacturing plant in North Carolina with a projected capacity of 150,000 EVs a year.
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Report shows several market pressures resulted in shift. Battery packs cheapest in China.
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German carmaker opens first-ever store dedicated to EVs.
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Groups in three states file complaints over required investments, restrictions.
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Its EV lineup, though, surges, positioning it just behind Tesla, brand says.
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The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.
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Carmaker lays out plan to help dealers transition to electrification, with no investment targets specified.
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Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
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Says it’s the biggest EV pizza-delivery fleet in the country.
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