Hyundai Reviews U.S. Plant Expansion to 800,000 Units
Hyundai Motor Group is considering a plan to increase the annual production capacity of ‘Metaplant America’ (HMGMA) in Georgia, the United States, which held its completion ceremony last year, to a maximum of 800,000 units. The timeline for Hyundai Motor to locally produce more than eight out of 10
Hyundai Motor Group is contemplating an expansion of its Metaplant America, located in Georgia, United States, to produce up to 800,000 vehicles annually. This plan, announced by Hyundai Motor President and CEO Jose Munoz, aims to shift the proportion of locally produced vehicles sold in the U.S. from around 40% in 2024 to over 80% by 2029.
The expansion is in response to a 15% tariff on Korean automobiles imposed by the Trump administration. The current production capacity of HMGMA is 500,000 units, and the expansion would more than double this capacity. If successful, HMGMA would surpass Tesla and Toyota to become the largest single-plant vehicle production base in the U.S. The decision to expand was influenced by the U.S. tariffs and the growing importance of the American market, which Hyundai sold 984,017 units to in 2022, its highest performance ever.
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