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Hyundai Sets KRW 77.3 Trillion Plan Through 2030, Expands Georgia Output After ICE Raid

The strategy emphasizes hybrids, local production and battery‑software gains to blunt tariff pressures.

Overview

  • Hyundai approved a $2.7 billion Phase Two at its Georgia Metaplant to add 200,000 units and reach 500,000 vehicles annually by 2028, creating about 3,000 jobs and proceeding despite a Sept. 4 ICE raid that detained roughly 475 workers.
  • The company targets 5.55 million global sales by 2030 with electrified models at 60% (about 3.3 million), adding more than 18 hybrids, region‑specific EVs and its first extended‑range EV starting in 2027.
  • New products include a midsize pickup for North America before 2030 and an expanded N performance and Genesis lineup that introduces hybrid variants.
  • Global capacity will rise by roughly 1.2 million units by 2030, including 250,000 more in India and a 200,000‑unit Ulsan EV plant, with a U.S. goal for 80% of vehicles sold to be built domestically by 2030.
  • Technology goals call for about a 30% cut in battery costs and roughly 15% gains in energy density and charging times by 2027, while 2025 guidance was updated to 5–6% revenue growth and a 6–7% operating margin.