Hyundai recently inaugurated its $7 billion Metaplant in Georgia, aimed at producing electric and hybrid vehicles. This timing aligns with President Trump's announcement of tariffs on vehicles, making the plant crucial in mitigating potential cost impacts. With a target to sell 2 million EVs annually by 2030, Hyundai is investing $90 billion globally on EVs and hybrids. The company is focusing on consumer demand rather than political policies, emphasizing diverse powertrains and localized production, ensuring flexibility in a fluctuating market.
The grand opening of Hyundai's $7 billion Metaplant comes amid fluctuating tariffs on cars and aims to strengthen its electric vehicle production in the U.S.
Hyundai’s investment of $90 billion through 2030 aims to launch 21 new electric vehicles and expand its hybrid offerings, demonstrating commitment to the EV market.
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