Overview

• Hyundai Motor has established a task force to address the impact of U.S. tariffs, including a 25% tax on imported vehicles that took effect on April 2 and upcoming tariffs on auto parts expected by May 3.
• The company reported a 2% rise in Q1 operating profit, reaching 3.6 trillion won ($2.5 billion), supported by favorable currency conditions.
• Hyundai reaffirmed its annual earnings target despite potential tariff-related challenges that could significantly increase costs.
• A price freeze on Hyundai's current U.S. model lineup will remain in effect until June 2 to maintain market competitiveness.
• As part of its $21 billion U.S. investment plan, Hyundai is accelerating production at its Georgia plant to reduce reliance on imports and support long-term growth.