All about Hyundai

On May 8, Hyundai Motor's global Chief Operating Officer Jose Munoz said that his company plans to utilize the investment it has already lined up for the U.S. to produce hybrid vehicles at its new EV plant in Georgia.

"I think we can handle (that) within the current investment more or less. " said Munoz.

Hyundai Motor Group has said it would invest USD 12.6 billion for the new dedicated EV and battery manufacturing Metaplant facilities in Georgia - its largest investment outside South Korea.

Munoz's comments come after the Korean OEM said in April that it planned to add equipment to build hybrid vehicles at the Georgia plant, which is set to start production in the second half of 2024.

Munoz sees flexibility important as the market, and U.S. IRA rules, continue to change.

In the first quarter, Hyundai's global sales of hybrid vehicles jumped approximately 17%, illustrating consumers' growing interest in the more affordable technology.

(multiple sources on May 8, 2024)

Continental AG (Continental) announced that it is providing three tires, EcoContact 6, PremiumContact 6, and CrossContact LX Sport, for OE fitment for Hyundai Tucson. 

The special rubber compound of the EcoContact 6 (available in 17 and 18 inch) minimizes energy absorption while driving and reduces friction and rolling resistance. The PremiumContact 6 (available in 19-inch) is specially designed for safe and comfortable driving. The special rubber compound in the tread ensures excellent safety and wet braking properties.  

For the Asia-Pacific region, Hyundai also offers the Tucson with the premium CrossContact LX Sport tire in size 18-inch.  The CrossContaxt LX Sport also has a reinforced side wall that protects against damage. 

(Based on Continental press release on May 7, 2024)

On May 6, Sabic announced that it is highlighting a wide range of solutions that demonstrate the value of plastics for a more sustainable future at NPE2024. 

Sabic informed that the Hyundai IONIQ 6 electric sedan features LEXAN resin used in the front and rear LED lighting and flame-retardant PP compound in key battery module components. The latter material, developed under Sabic’s BLUEHERO initiative, enables compliance with relevant electric vehicle (EV) fire safety regulations.

It has presented the Eos Z3 battery module from Eos Energy Enterprises, a leading provider of sustainable zinc-based energy storage systems. This specific module weighs up to 70% less than previous product generations. 

Based on Sabic press release