Latest news with #HyundaiMotorGroupMetaplantAmerica
Korea Herald
30-07-2025
- Automotive
- Korea Herald
Hyundai Motor chief heads to US to back up Korea's tariff negotiations
Korean automaker commits $21b investment in US through 2028 Hyundai Motor Group Executive Chair Chung Euisun is flying to the United States to support the Korean government's tariff negotiations with Washington, according to government sources Wednesday. Chung met with US President Donald Trump as the Korean auto giant announced a $21 billion investment in the US at the White House in March, including a new steel mill in Louisiana and the expansion of local production at its new Georgia manufacturing factory, Hyundai Motor Group Metaplant America. Chung is expected to bolster Korea's bargaining chip as Seoul's top officials look to cut a tariff agreement that can minimize the country's export-heavy economy before the Friday deadline for trade talks, which was forewarned by Trump. 'This investment is a clear demonstration that tariffs very strongly work,' said Trump during the announcement. 'Hyundai will be producing steel in America and making its cars in America. As a result, they will not have to pay any tariffs.' Despite the lump sum investment decision, Hyundai Motor and its sister affiliate Kia have taken a blow from the 25 percent tariffs imposed on all auto imports into the US since April. The Korean auto conglomerate has invested over $20 billion since entering the US in 1986. Hyundai Motor's chief is Korea's third business mogul to travel to the US this week, following the departures of Samsung Electronics Chairman Lee Jae-yong and Hanwha Group Vice Chairman Kim Dong-kwan.
Time of India
01-07-2025
- Automotive
- Time of India
South Korean auto parts delegation visits US to explore investment opportunities
The Korea Trade-Investment Promotion Agency (KOTRA) said on Monday it has dispatched an auto parts delegation to the US state of Georgia to help domestic manufacturers explore investment opportunities amid rising protectionist trade measures from Washington. Jointly organised by the Gyeonggi Province government , the auto parts investment delegation visited the cities of Atlanta and Savannah for three days from Wednesday, with 10 South Korean auto parts firms participating. The programme included investment seminars, consultations with Georgia state officials and on-site visits to existing South Korean manufacturing operations, including Hyundai Motor Group Metaplant America , which was completed in March, reports Yonhap news agency. Georgia has emerged as a major hub for Korean automakers, including Hyundai Motor Co. and Kia Corp., whose large-scale investments in the region have encouraged related auto parts suppliers to follow suit. "We will continue to work with both domestic and international partners to help resolve investment challenges and support our companies' global expansion," a KOTRA official said. Meanwhile, industry Minister nominee Kim Jung-kwan said on Monday he will put in "utmost" efforts to safeguard "national interests" in South Korea's tariff negotiations with the United States and support Korean companies' exports amid global trade uncertainties . "I want to be at the forefront of South Korea's exports ... and help the country overcome difficult times and turn a crisis into an opportunity," Kim told reporters as he headed to his office for parliamentary confirmation hearing preparations. With regard to the anticipated trade negotiations with the U.S. Donald Trump administration, Kim said he will work with Trade Minister Yeo Han-koo to secure a tariff agreement based on "national interests," noting he understands the difficulties Korean companies face in the global market. Kim was serving as a president in charge of marketing at Doosan Enerbility Co., a major Korean power equipment builder, before he was tapped as the Lee Jae Myung administration's first industry minister. Under his leadership, Doosan Enerbility has strengthened its presence in the global nuclear energy market, contributing to the successful bid for the Dukovany nuclear power plant project in the Czech Republic. On Lee's campaign pledge to establish a new ministry in charge of climate and energy policies, the nominee said "industry and energy are inseparable."
Korea Herald
27-06-2025
- Automotive
- Korea Herald
Hyundai Motor triples Ioniq 9 exports in May, shifts focus to Europe amid US tariffs
Exports of Hyundai Motor's Ioniq 9, a large-sized fully-electric SUV, tripled in May, driven by European sales as part of a strategy to counter US automotive tariffs. According to reports Friday, the Korean auto giant exported 1,482 units of the Ioniq 9 last month, marking a 275 percent increase from 539 units in April. Most of the SUVs reportedly headed to Europe, world's third-largest electric vehicle market following China and the US. Hyundai Motor's increase in Ioniq 9 exports to Europe is interpreted as a strategic move to mitigate the 25 percent auto tariffs imposed by US President Donald Trump. The company recently started sales of the SUV in major European countries, holding a launch event in Copenhagen, Denmark. The starting price in Sweden is 759,900 kronor ($79,900). In the meantime, the sales demand of the Ioniq 9 in the US is handled by Hyundai Motor Group Metaplant America in Georgia. Last month, HMGMA produced and sold 2,382 units of the Ioniq 9 within the US, nearly tripling the domestic sales of 867 units for the same period. 'Hyundai Motor is driving its efforts to navigate the geopolitical uncertainties in global markets, particularly in the US,' said an industry source on condition of anonymity. 'The Ioniq 9, Hyundai's first large-sized electric SUV, expands the company's diverse range of EV offerings and is expected to aggressively push its sales in the European market.' First exported in April, the Ioniq 9 boasts the largest wheelbase in its segment, offering enough space in both the second and third rows and achieves over 500 kilometers of driving range on a single charge. The vehicle boosts cabin quietness with features like an active noise control system and sound-absorbing tires. It also optimizes aerodynamic efficiency with advanced technologies, including the dual motion active air flaps.
Business Insider
31-05-2025
- Automotive
- Business Insider
Hyundai just built a $7.6 billion EV factory in Georgia to compete with Tesla and GM — see inside
The Hyundai Motor Group Metaplant America is an all-new $7.6 billion EV factory. HMGMA, located near Savannah, Georgia, opened its doors in March of this year. The factory will be able to build 500,000 EVs and Hybrids for Hyundai, Kia, and Genesis every year. The $7.6 billion Hyundai Motor Group Metaplant America, or HMGMA, is one of the newest and most technologically advanced car factories in the world. The plant, located near Savannah, Georgia, opened its doors in March and will be a key production facility for Hyundai's EVs and PHEVs, as well as those belonging to its Genesis luxury brand and sister company Kia. In a recent interview with Business Insider, Genesis North America COO Tedros Mengiste cited the investment as an example of Hyundai's track record for "visionary and strategic, and long-term thinking." I recently took a behind-the-scenes tour of Hyundai's new megafactory packed with autonomous robots and state-of-the-art tech. The Hyundai Metaplant is situated on a 3,000-acre campus in the south Georgia town of Ellabell. Located just 20 miles from the Port of Savannah, one of the busiest in the US, the plant not only gives Hyundai much-needed manufacturing capacity in the US to avoid import tariffs, but it also affords the company the flexibility to export vehicles abroad. It also gives Hyundai the production footprint to compete against rivals like Tesla, GM, and Rivian, which is also building a new factory in Georgia. Driving up to the factory, it's easy to be wowed by the sheer scale of the sprawling complex. It's Hyundai Group's second car factory in the state. The company also operates a $3.2 billion, 2,200-acre facility in West Point, Georgia, that builds Kia EV and ICE SUVs. I drove to the factory in a new 2026 Hyundai Ioniq 9 EV SUV, which is one of the vehicles assembled at the Metaplant. My tour began in the plant's modern main lobby. Hyundai broke ground on the facility in the fall of 2022 and took just two years to complete construction on the main production buildings. The Metaplant site consists of 11 buildings totalling 7.5 million square feet of space. The Metaplant is a marvel of vertical integration, with the goal of having as many key components, ranging from battery packs to seats, made on-site. Here's a Hyundai XCIENT hydrogen fuel cell semi truck used to transport parts and supplies to the factory. The production process starts in the stamping shop, where sheet metal is cut and stamped into parts that will make up the frame of the car. The sheet metal is supplied by the on-site Hyundai Steel facility. Stamped parts are transported by automated guided vehicles, or AGVs. The stamped metal panels are then stored in these massive racks. The Metaplant was originally expected to produce up to 300,000 electrified vehicles annually. However, Hyundai announced at the plant's grand opening in March that its capacity will be expanded to 500,000 units in the coming years as part of a new $21 billion investment in US manufacturing. Here are parts of the Ioniq 9, Hyundai's new flagship three-row EV SUV. The next part of the tour is the welding shop. Here, the stamped metal pieces are welded together by robot to form the body of the vehicle. The work done by the welding robots is then inspected by the plant's human employees known as Meta Pros. There are employee meeting and break areas located along the inspection and assembly areas. An employee cafeteria with remote ordering capability is located in the main assembly building. In addition to human eyes, the vehicles are also inspected by a pair of Boston Dynamics robot dogs called Spot. In 2021, Hyundai acquired an 80% stake in Boston Dynamics in a deal that valued the company at $1.1 billion. After the inspections are complete, a robot loads the partially assembled vehicles onto a conveyor system. Next stop, the paint shop. Unfortunately, my tour did not get access to the paint shop due to concerns that outside visitors may compromise the quality of the paint application. Here, the painted bodies are married with their battery packs and skateboard chassis. Hyundai Mobis produces the skateboard chassis in a building next door to the general assembly facility. The Metaplant's on-site battery factory, operated in a joint venture with LG, is expected to come online next year. The plant currently sources its batteries from Hyundai's other facilities, including one in North Georgia that's a joint venture with SK. The vehicles' interiors are then assembled by hand. The further along the production process, the more you see human workers on the assembly line. Partially assembled EVs are shuttled through from area to area by the automated robots. The entire facility was immaculately clean, quiet, and felt beautifully choreographed. Assembled vehicles are loaded onto different AGVs that navigate the facility by reading the QR codes embedded into the floor. These AGVs shuttle the vehicles through the plant's various quality control tests. At the end of the assembly line, completed EVs are put through their paces at the on-site test track before being sent to the vehicle preparation center, or VPC, to get them ready for shipping. Vehicles destined for dealerships in the region are put on trucks, while those traveling more than 500 miles are shipped by rail at the Metplant's on-site train terminal.
Yahoo
28-05-2025
- Automotive
- Yahoo
Hyundai Named 2025 Merit Award 'Gold' Winner for Corporate Social Responsibility
FOUNTAIN VALLEY, Calif., May 28, 2025 /PRNewswire/ -- Hyundai Motor America was recently named a Gold Winner for the 2025 Merit Awards for Human Resources (HR) for Community Engagement and Corporate Social Responsibility (CSR) for its science, technology, engineering, and mathematics (STEM) education initiatives in Coastal Georgia, home to the all-new Hyundai Motor Group Metaplant America (HMGMA), Hyundai Motor Group's first dedicated electric vehicle mass-production plant in Bryan County, Georgia. "Hyundai is honored to receive this award for our STEM education initiatives in Coastal Georgia, underscoring our commitment to Progress for Humanity," said Brandon Ramirez, director, corporate social responsibility, Hyundai Motor North America. "We are dedicated to empowering the next generation with the knowledge and skills required to lead in a technology-driven world, while fostering excitement for learning. We are proud to support young people through our initiatives and hopefully inspire some to pursue meaningful careers in clean energy and the automotive industry." Hyundai partnered with the SAE Foundation to deliver SAE International's award-winning A World In Motion® (AWIM) PreK-12 STEM education program to fourth grade classrooms in the Bryan County School District. The curriculum focused on core concepts such as air resistance, propulsion, and surface area, including real world connections to HMGMA's renewable energy resources, emission reduction technologies, and career paths. Hyundai also expanded its collaboration with the H2GP Foundation, sponsoring 16 teams in Bryan County for the inaugural Georgia Hydrogen Grand Prix as part of the Hyundai RC Program. This hands-on STEM competition which challenges students to design, build, and race hydrogen-powered RC cars, equips them with essential engineering, renewable energy, and automotive technology skills making learning an exciting and engaging experience. These programs aimed to provide equitable access to high-quality STEM education in Coastal Georgia, ensuring every student can explore critical thinking, problem-solving, creativity, and collaboration. Through hands-on learning, Hyundai seeks to introduce students to real-world applications and future career pathways. The Merit Awards for HR are evaluated based on submissions that demonstrate excellence in areas such as leadership, innovation, positive work environment, and more. The judging panel comprises a diverse group of journalists, executives, consultants, entrepreneurs, educators, and members of the Merit Awards staff. Hyundai Motor AmericaHyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 850 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a published economic impact report. For more information, visit Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok View original content to download multimedia: SOURCE Hyundai Motor America Sign in to access your portfolio
