The president and CEO of Hyundai Motor Company Jose Munoz responds to the expected automotive tariffs to “Claman Countdown”.
The Hyundai electric vehicle “The first three -row” is in production in the new Hyundai Motor Group Metaplant America (HMGMA), which celebrated the grand opening in Georgia Ellabell on Wednesday.
Bryan County and Battery Asleep “produces up to 500,000 electric and hybrid vehicles for Hyundai, Kia and Genesis,” Hyundai Motor Group said in a medium report.
One of the production vehicles in the massive new plant about 20 miles ahead of Savannah is Ioniq 9, the first Hyundai, Hyundai, SUV, Hyundai, Electrek Reports. Hyundai shared photos show employees in the Ioniq 9 Green Plant.
' Just here in Georgia, “ In his statement, Euisun Chung, executive chairman of Hyundai Motor Group, said.
Hyundai invest $ 20 in American production
The electric SUV of the third series Hyundai Ioniq 9 can be seen in production in the new plant of Georgia of the company. (Hyundai Motor Group / Fox News)
“With a rich history of craft and production in this community, along with the talented workforce in HMGMA, we are building the future of mobility with America in America,” he said.
According to Reuters, Hyundai is a world car No. 3, in which it owns a 35% share. Ioniq 9s is said to hit the road this spring, according to Car website.
Be viacles It will represent 40% of Georgia's total production, said Kia Song CEO to journalists on Wednesday.
Trump says they will introduce 25% of car tariffs, medicines and chips
“Hyundai Motor Group Metaplant America (HMGMA) is the first reserved electrifying mass production plant of Hyundai Motor Group, located in Bryan County, GA,” said the company in the media edition. (Hyundai Motor Group / Fox News)
Plans were originally on the production of 300,000 electric vehicles In the plant, but was upgraded by the addition of hybrid cars to the factory production lines at a time when the demand for clean electric cars and the administration of President Donald Trump threatens to end subsidies EV.
Changes are part of the investment of $ 21 billion announced by Trump and Chung in the White House early this week.
Jaehoon Chang, President and CEO of Hyundai Motor Company, left, follows Euisun Chung, Executive Chairman Hyundai Motor Group, and Georgia Gov. Brian Kemp signs Hyundai Ioniq 5 EV at a ceremonial opening of Hyundai Motor Group Metaplant America On On (Hyundai Motor Group / Fox News)
“Through this $ 21 billion obligation to increase the growth of US production, it assumes that by 2028 it will create 14,000 new direct job jobs,” Hyundai Motor Group said in a media report.
Trump announced on Wednesday by 25% of the import tariffs for cars and automatic parts, which is a step that can hurt companies, especially Asian car manufacturers that are among the largest vehicles to the US
| Ticker | Security | Last | Conversion | Change % |
|---|---|---|---|---|
| Anthill | Hyundai Motor Co. Ltd. | 51.64 | -1.61 |
-3.02% |
After Mexico, South Korea is the largest exporter of vehicles in the world to the United States, followed by Japan, according to S&P data.
Kia Motors currently produces most of its hybrid cars, including its sports hybrid crossover, in South Korea.
A wide view of the new Hyundai plant in Ellabell in Georgia. (Hyundai Motor Group / Fox News)
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Song said that the new US factory would help to achieve the goal of Kia to increase US sales to 1.25 million vehicles per year, which is currently over 850,000.
The device is an “intelligent production plant”, which means that all orders' processes, public procurement, logistics and production processes are optimized using AI and data. Innovative production system also helps create a working environment focused on people with robots that help human workers, “Hyundai said.
Reuters contributed to this report.
