Korea Joongang Daily
Korea JoongAng Daily

Hyundai's U.S. EV plant posted strong 2025 numbers despite lower demand, end of U.S tax credits

Hyundai Motor Group’s U.S. electric vehicle (EV) production base, Hyundai Motor Group Metaplant America (HMGMA), posted solid sales last year despite a general slowdown in demand.

2026-01-20

Hyundai, Kia U.S. sales grow but profits shrink due to tariffs

Hyundai Motor and Kia achieved record-high quarterly sales in the U.S. in Q3 this year, buoyed by strong demand for electric vehicles (EVs) and SUVs. However, profitability is expected to decline due to steep import tariffs.

2025-10-02

Can the Ioniq 9 make up for Hyundai's rocky quarter?

Hyundai Motor Group aims to sell 100,000 electric vehicles in the United States by the end of this year despite the fact that its models do not qualify for the country's $7,500 federal tax credit.

2024-11-05

Hyundai Motor, LG Energy to build $4.3 billion battery cell plant in Georgia

Hyundai Motor Group and LG Energy Solution will build a 5.7 trillion won ($4.3 billion) new battery cell plant together in the United States and produce cells enough for 300,000 EVs each year from 2025.

2023-05-26