Hyundai Motor Company is strategically investing billions in its new Georgia factory to bolster local production ahead of President Trump's planned tariffs on imported vehicles. By April 2025, a 25% tariff is expected to impact automotive imports, prompting Hyundai to increase its U.S. footprint with a $12.6 billion investment in assembly and battery production. The Georgia plant will start producing the IONIQ 5 EV and other hybrids, adapting to market changes and ensuring resilience against tariff impacts.
"We are looking forward to officially opening Hyundai Motor Group Metaplant America (HMGMA) in Georgia (next week). Our localization strategy in the important U.S. market will help mitigate the impact of any potential policy change," said Hyundai's President and CEO Jose Muñoz.
"Hyundai Motor and its partners are investing $12.6 billion (18.4 trillion won) in an assembly plant and two battery joint ventures, enabling additional production capacity. The decision to make this investment was made during the first Trump administration," said Muñoz.
"Unless the tariff or non-tariff barriers are equalized, or the U.S. has higher tariffs, the tariffs will go into effect," commented Treasury Secretary Scott Bessent.
"Hyundai aims to ramp up production of the 2025 IONIQ 5 EV. Hyundai's Georgia plant kicked off IONIQ 5 production in October 2024."
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