{
  "id": 3555005,
  "title": "Hyundai to build more cars in the US, betting big on new hybrids and trucks, CEO says",
  "url": "https://urgent.news/2026/08/26/hyundai-to-build-more-cars-in-the-us-betting-big-on-new-hybrids-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T14:23:38.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/article/hyundai-to-build-more-cars-in-the-us-betting-big-on-new-hybrids-and-trucks-ceo-says-142338721.html"
  },
  "original_language": "en",
  "account": "Hyundai CEO José Muñoz announced plans to increase US production and introduce new hybrids and trucks to boost the company's sales and profits, during the 2026 CEO Investor Day. The company aims to build more cars in the US and stock American showrooms with new hybrids and its first extended-range EV. New trucks and a midsize Toyota Tacoma competitor are also in the pipeline. Muñoz believes that concentrated US production and hybrid vehicles can help increase profits and sales despite the neutral overall US car market. Hyundai plans to introduce over 100 new models by 2030, with multiple powertrain options and raising its operating margin above 9%. The upcoming Santa Fe midsize SUV EREV, built at Hyundai Motor Manufacturing Alabama, will offer over 600 miles of range. Hyundai intends to source 80% of its parts locally in North America from 60% currently. The company aims to add 500,000 units of annual capacity in North America by 2030. Hybrids are a central focus, with more than 10 hybrid models expected in North America by 2030, constituting 50% of sales. Cumulative hybrid sales in North America have already surpassed 1 million units. The strategy also targets underrepresented segments like body-on-frame trucks and light commercial vehicles. Hyundai aims to sell 5.55 million vehicles globally and capture 6% market share by 2030, with electrified vehicles making up 60% of the mix, up from 23% in 2025.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}