Aug. 21 at 12:32 AM
Hyundai is considering increasing annual production capacity at its new Georgia Metaplant from the planned 500,000 vehicles to 700,000-800,000 by 2028, CEO José Muñoz told CNBC. The potential expansion is part of Hyundai’s plan to invest
$26 billion in the U.S. through 2028 and produce at least 80% of the vehicles it sells domestically by the end of the decade, up from about 40% in 2024.
Muñoz said U.S. tariffs, including a 15% levy on South Korean imports, are accelerating the company’s localization strategy. The
$7.6 billion Georgia facility currently produces the electric Ioniq 5 and Ioniq 9 and the Kia Sportage hybrid, with plans to manufacture a broader range of vehicles.
At 700,000-800,000 units, the plant would become the largest U.S. vehicle assembly operation by capacity. Hyundai is also evaluating additional production investments outside the Georgia site for trucks and SUVs.
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