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Hyundai weighs boosting Georgia plant capacity to 800,000 units
The automaker links the potential expansion to tariff pressure, including a 15% levy on South Korea imports, and says it would build on a $26 billion U.S. investment plan through 2028.
Hyundai Motor is considering expanding production capacity at its Georgia assembly plant from 500,000 vehicles annually to a range of 700,000 to 800,000 units by 2028, CEO José Muñoz told CNBC, according to Yahoo Finance. Hyundai said the plans are still under consideration and not confirmed.
Hyundai said tariffs are accelerating its localization plans, citing President Donald Trump’s tariffs, including a 15% levy on imports from South Korea. Muñoz said the company had already begun localization work before the tariffs were announced, and that they are helping speed it up.
At the high end of the potential range, the Georgia Metaplant would become the largest U.S. vehicle assembly plant by capacity, Hyundai said, surpassing rivals including Tesla and Toyota Motor. Muñoz also tied the need for more capacity to Hyundai’s goal to raise the domestic production share of vehicles it sells in the U.S. to at least 80% by 2030, from about 40% in 2024.
The expansion would be funded through Hyundai’s already announced $26 billion U.S. investment commitment through 2028. The existing $7.6 billion Metaplant is currently producing the all-electric Ioniq 5 and Ioniq 9, alongside the Kia Sportage hybrid, and under the 500,000-unit framework it supports more than 8,500 direct jobs plus about 6,900 supplier jobs nearby.