The president and chief executive officer of the Hyundai Motor Company, Jose Munoz, responds to the planned prices of the automotive industry on “the Clarman’s countdown”.
Hyundai’s “very first first -row electric vehicle is being produced at the New Hyundai Motor Group Metaplant America (HMGMA) which celebrated its great opening in Ellabelll, Georgia on Wednesday.
The assembly of Bryan county vehicles and the battery plant “will produce up to 500,000 electric vehicles and hybrid vehicles each year for the Hyundai, Kia and Genesis brands,” Hyundai Motor Group said in a press release.
One of the vehicles in production of the new massive factory at around 20 miles outside Savannah is the Ioniq 9, the first SUV of three rows of Hyundai, Electk reports. A photograph shared by Hyundai shows factory employees working on an ioniq 9 with green frame.
“Hyundai Motor Group Metaplant America not only represents the group’s advanced manufacturing capacities and commitment to innovation, but also our investment in relations with our partners and our communities here in Georgia,” said Euisun Chung, executive president of Hyundai Motor Group, in a press release.
Hyundai to invest $ 20 billion in American manufacturing
A hyundai Ioniq 9 third -row SUV can be seen in production in the company’s new Georgia factory. (Hyundai Motor Group / Fox News)
“With the rich history of crafts and manufacturing in this community, as well as the talented workforce of HMGMA, we build the future of mobility with America, America,” he said.
Hyundai is the car manufacturer n ° 3 in the world when it includes Kia Motors, in which it holds a 35%stake, according to Reuters. The ioniq 9 would take the road this spring, according to the Car manufacturer’s website.
KIA vehicles will represent 40% of the total production of Georgia, the CEO of Kia, Song-Sung on Wednesday told journalists on Wednesday.
Trump says that he will introduce 25% of prices on cars, pharmaceutical products and flea
“Hyundai Motor Group Metaplant America (HMGMA) is the first electrified vehicle production plant from Hyundai Motor Group located in Bryan County, GA,” the company said in a press release. (Hyundai Motor Group / Fox News)
The plans originally had to produce 300,000 electric vehicles in the factory, but have been improved with the addition of hybrid cars to the factory’s production lines at a time when the demand for pure electric cars is the cooling and administration of President Donald Trump threatens to end the EV grants.
Changes represent part of the $ 21 billion in investments announced by Trump and Chung in the White House earlier this week.
Jaehoon Chang, President and CEO of Hyundai Motor Company, Left, looks at Euisun Chung, Executive President of Hyundai Motor Group, and the Governor of Georgia Brian Kemps sign a Hyundai Ioniq 5 EV at the great opening of the Hyundai Motor group Metaplant America (Hyundai Motor Group / Fox News)
“Thanks to this $ 21 billion commitment to stimulate growth in the United States, the group foresees that it will create 14,000 new full-time direct jobs in the United States by 2028,” said Hyundai Motor Group in a press release.
Trump announced on Wednesday 25% of import prices on cars and automotive parts, a decision that could affect companies, in particular to Asian car manufacturers, which are among the largest vehicle exporters in the United States
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Hymtf | Hyundai Motor Co. Ltd. | 51.64 | -1.61 | -3.02% |
After Mexico, South Korea is the world’s largest exporter of vehicles in the United States, followed by Japan, according to S&P data.
Kia Motors currently produces most of its hybrid cars, including its Sportage hybrid crossing in South Korea.
A wide look of the new Hyundai factory in Ellabelll, Georgia. (Hyundai Motor Group / Fox News)
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Song said that the new American factory would help to reach Kia’s goal of going to American sales to 1.25 million vehicles per year, against 850,000.
Installation is an “intelligent manufacturing plant”, which means that “all production processes – order, purchase, logistics and production – are optimized using AI and data. The innovative manufacturing system also contributes to creating a human -centered working environment with robots helping human workers, “Hyundai said in a press release.
Reuters contributed to this report.
