The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.
By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
The number of potentially affected vehicles has also fallen with 4,622,752 vehicles affected so far.
The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.
2021 Hyundai Santa Fe EV tops the list.
How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
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