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  4. Hyundai Motor considers speeding up construction of U.S. EV plant - Yonhap
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Hyundai Motor considers speeding up construction of U.S. EV plant - Yonhap

SEOUL (Reuters) - A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade Hyundai Motor Co to bring forward the start-date for...
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Hyundai Motor considers speeding up construction of U.S. EV plant - Yonhap © Reuters. FILE PHOTO: The logo of Hyundai Motor is seen on a Hyundai Motor Co's new Accent during its launch event in Mexico City, Mexico August 2, 2017. REUTERS/Henry Romero

SEOUL (Reuters) - A new U.S. law excluding electric vehicles assembled outside North America from tax credits could persuade Hyundai Motor Co to bring forward the start-date for construction of an EV and battery plant in the United States to as early as this year, Yonhap news agency reported on Monday.

Hyundai Motor had said in May that it would break ground on its new facility in Georgia in early 2023 to achieve commercial production in the first half of 2025 with an annual capacity of 300,000 EV units.

But an unidentified auto industry source said Hyundai Motor was now considering starting construction later this year, in order to start commercial production in the second half of 2024, Yonhap reported.

Hyundai Motor was not immediately available for comment.

U.S. President Joe Biden on Tuesday signed into law a $430 billion bill, which ends tax credits for about 70% of the 72 electric vehicle models that were previously eligible.

As a result, EVs sold by Hyundai Motor, Kia Corp, Toyota and others are no longer eligible for the tax credits.

South Korean Foreign Minister Park Jin expressed concerns over the new U.S. legislation during a call with U.S. Secretary of State Antony Blinken last week, according to a foreign ministry official.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

Moving Avg:

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Sell (12)

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Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

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↑ Sell

Moving Avg:

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USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

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Copper Futures

4.5305

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Crude Oil WTI Futures

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Brent Oil Futures

85.62

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Natural Gas Futures

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US Coffee C Futures

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Euro Stoxx 50

4,920.55

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S&P 500

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DAX

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FTSE 100

8,144.13

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Hang Seng

17,763.03

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US Small Cap 2000

1,973.05

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IBEX 35

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49.155

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27.35

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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ↀ Giá vàng thế giới
$2,285.72-47.5-2.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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WTI$80.83+3.390.04%
Brent$85.50+3.860.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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