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fliptop [soylentnews.org] writes:

A $5 billion bet on a failing technology [naturalnews.com]?

In a move that defies the growing consumer rejection of electric vehicles, Hyundai has doubled down on its multi-billion dollar wager. The automaker has opened Georgia’s first purpose-built EV training facility, a massive 89,000-square-foot center intended to churn out hundreds of workers for its adjacent Metaplant. This grand opening on November 5 in Ellabell comes at a moment of profound crisis for the electric vehicle industry, raising serious questions about the wisdom of investing in a technology the free market is already abandoning.

The Hyundai Mobility Training Centre, strategically located next to the Hyundai Motor Group Metaplant America in Bryan County, represents a colossal investment in the EV supply chain. The facility can train 824 workers simultaneously, preparing them for roles at the massive plant. Governor Brian Kemp celebrated the project, stating, "The Hyundai Mobility Training Center of Georgia will give thousands of people over the years the knowledge they need to benefit from this generational project."

[...] This massive push for EV workforce development stands in contrast to the reality unfolding across the automotive landscape. While Hyundai prepares to train thousands for EV assembly, Ford is reportedly on the verge of scrapping its flagship F-150 Lightning electric pickup truck [soylentnews.org]. Hailed by CEO Jim Farley as a "modern Model T," the Lightning has become a symbol of EV failure, with demand described as horrendous and mounting EV losses totaling $13 billion since 2023.

Previously: Ford Will Lose $3 Billion on Electric Vehicles in 2023, It Says [soylentnews.org]

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