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Investing.com -- Hyundai Motor announced Thursday it plans to produce more than 80% of vehicles sold in the United States domestically by 2030, responding to U.S. tariff policies.
The South Korean automaker revealed this strategy ahead of its CEO Investor Day in New York, where it also adjusted its 2025 operating profit margin target downward to 6-7% from the previously announced 7-8%, citing the impact of U.S. tariffs.
Despite this near-term adjustment, Hyundai expects profit margins to improve to 7-8% by 2027 and reach 8-9% by 2030.
The company aims to expand its Georgia factory capacity to 500,000 vehicles by 2028, where it will produce a mix of 10 hybrid and electric vehicle models. Hyundai also plans to increase its hybrid lineup to more than 18 models by 2030.
In addition to expanding its electric and hybrid offerings, Hyundai announced plans to launch its first mid-size pickup truck in North America before 2030, further diversifying its product portfolio in the U.S. market.
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