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Genesis to begin deliveries of first U.S. made EV, the GV70 Electrified
Genesis has announced that it will begin to deliver its first U.S.-assembled electric vehicle, the GV70 Electrified.
By far, the biggest hurdle currently facing the Hyundai/Kia conglomerate is the challenge of federal EV incentives in the United States. Being an automaker that doesn’t have an EV manufacturing presence in North America has meant that its EVs have been ineligible for federal incentives under the Inflation Reduction Act. Now, that is changing rapidly as the automaker is working establish production centers in the U.S., and now its first U.S.-made EV is hitting showrooms across the country.
According to Genesis, the U.S.-made GV70 electric SUV is now available at showrooms in 15 states, including Arizona, California, Colorado, Connecticut, Louisiana, Maryland, Massachusetts, Nevada, New Jersey, New York, Texas, Utah, Virginia, Washington, and Wisconsin. The electric Genesis SUV starts at $65,850.
Genesis did not specify if the vehicle now qualifies for federal EV incentives but could peaceably do so, thanks to its domestic assembly at the Montgomery, Alabama, Hyundai plant. Looking to the IRS website, the government agency does not list the EV as qualifying for incentives. However, it does note that Hyundai has “entered into a written agreement with [the IRS] to become a ‘qualified manufacturer’ but hasn’t yet submitted a list of specific makes and models that are eligible.”
Genesis was not immediately available for comment to Teslarati regarding if the vehicle would qualify for tax incentives.
The Genesis GV70 Electrified is one of the luxury brand’s most advanced EVs and was likely chosen to be the company’s EV frontrunner for U.S. assembly due to its technical capability and popular body style.
Based on Genesis’ most advanced EV platform, the GV70 is based on an 800-volt architecture and hence benefits from increased efficiency and some of the fastest charging on the market. The GV70 comes with a 77.4kWh battery capable of 236 miles of range and charges from 0-80% in just 18 minutes. And with up to 429 horsepower from a dual motor all-wheel-drive platform, it is no slouch either.
As Genesis works toward producing more of its vehicles in the United States, making it a far more price-competitive brand overall, vehicles like the GV70 will likely only become ever more enticing to consumers, many of whom are looking to get their first EVs in the coming years. Hopefully, this can help grow EV acceptance in the United States overall.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
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Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
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Tesla Megapacks chosen for 548 MWh energy storage project in Japan
Tesla plans to supply over 100 Megapack units to support a large stationary storage project in Japan, making it one of the country’s largest energy storage facilities.
Tesla’s Megapack grid-scale batteries have been selected to back an energy storage project in Japan, coming as the latest of the company’s continued deployment of the hardware.
As detailed in a report from Nikkei this week, Tesla plans to supply 142 Megapack units to support a 548 MWh storage project in Japan, set to become one of the country’s largest energy storage facilities. The project is being overseen by financial firm Orix, and it will be located at a facility Maibara in central Japan’s Shiga prefecture, and it aims to come online in early 2027.
The deal is just the latest of several Megapack deployments over the past few years, as the company continues to ramp production of the units. Tesla currently produces the Megapack at a facility in Lathrop, California, though the company also recently completed construction on its second so-called “Megafactory” in Shanghai China and is expected to begin production in the coming weeks.
READ MORE ON TESLA MEGAPACKS: Tesla Megapacks help power battery supplier Panasonic’s Kyoto test site
Tesla’s production of the Megapack has been ramping up at the Lathrop facility since initially opening in 2022, and both this site and the Shanghai Megafactory are aiming to eventually reach a volume production of 10,000 Megapack units per year. The company surpassed its 10,000th Megapack unit produced at Lathrop in November.
During Tesla’s Q4 earnings call last week, CEO Elon Musk also said that the company is looking to construct a third Megafactory, though he did not disclose where.
Last year, Tesla Energy also had record deployments of its Megapack and Powerwall home batteries with a total of 31.4 GWh of energy products deployed for a 114-percent increase from 2023.
Other recently deployed or announced Megapack projects include a massive 600 MW/1,600 MWh facility in Melbourne, a 75 MW/300 MWh energy storage site in Belgium, and a 228 MW/912 MWh storage project in Chile, along with many others still.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.
Tesla highlights the Megapack site replacing Hawaii’s last coal plant
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Elon Musk responds to Ontario canceling $100M Starlink deal amid tariff drama
Ontario Premier Doug Ford said, opens new tab on February 3 that he was “ripping up” his province’s CA$100 million agreement with Starlink in response to the U.S. imposing tariffs on Canadian goods.
Elon Musk company SpaceX is set to lose a $100 million deal with the Canadian province of Ontario following a response to the Trump administration’s decision to apply 25 percent tariffs to the country.
Starlink, a satellite-based internet service launched by the Musk entity SpaceX, will lose a $100 million deal it had with Ontario, Premier Doug Ford announced today.
Starting today and until U.S. tariffs are removed, Ontario is banning American companies from provincial contracts.
Every year, the Ontario government and its agencies spend $30 billion on procurement, alongside our $200 billion plan to build Ontario. U.S.-based businesses will…
— Doug Ford (@fordnation) February 3, 2025
Ford said on X today that Ontario is banning American companies from provincial contracts:
“We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy. Canada didn’t start this fight with the U.S., but you better believe we’re ready to win it.”
It is a blow to the citizens of the province more than anything, as the Starlink internet constellation has provided people in rural areas across the globe stable and reliable access for several years.
Musk responded in simple terms, stating, “Oh well.”
Oh well https://t.co/1jpMu55T6s
— Elon Musk (@elonmusk) February 3, 2025
It seems Musk is less than enthused about the fact that Starlink is being eliminated from the province, but it does not seem like all that big of a blow either.
As previously mentioned, this impacts citizens more than Starlink itself, which has established itself as a main player in reliable internet access. Starlink has signed several contracts with various airlines and maritime companies.
It is also expanding to new territories across the globe on an almost daily basis.
With Mexico already working to avoid the tariff situation with the United States, it will be interesting to see if Canada does the same.
The two have shared a pleasant relationship, but President Trump is putting his foot down in terms of what comes across the border, which could impact Americans in the short term.
Armored Tesla Cybertruck “War Machine” debuts at Defense Expo 2025
Tesla Megapacks chosen for 548 MWh energy storage project in Japan
