The company plans to source 80% of parts for vehicle manufacturing in the region from local suppliers by 2030, President and CEO José Muñoz said.
An article from
Dive Brief
The company plans to source 80% of parts for vehicle manufacturing in the region from local suppliers by 2030, President and CEO José Muñoz said.
Published Sept. 10, 2026
The interior of a Hyundai dealership on Sept. 5, 2025, in Joliet, Illinois. The auto manufacturer is targeting an additional 1.27 million units in global manufacturing capacity by 2030, per a 2026 CEO Investor Day presentation.
Hyundai Motor is expanding hybrid production and local sourcing in the United States, in a strategic shift to blunt the impact of…
The previously undisclosed capacity increase is part of Hyundai's plan to invest $26 billion in the U.S. through 2028.
SEOUL, Aug 26 : Hyundai Motor on Wednesday unveiled plans to add 1.27 million units of production capacity by 2030 and expand its…
The South Korean automaker plans 10 hybrid models in North America and is targeting an operating profit margin above 9%
Hyundai is increasing its revenue expectations for 2025, despite ongoing U.S. tariffs causing the automaker to lower its expected…
Hyundai wants to make 80% of its US sales domestically by 2030, up from 40%. Its European plants already account for about 80% of…
