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Hyundai’s Georgia Plant Expansion | Raleigh News
Hyundai is eyeing a massive expansion of its Georgia plant, aiming for 700,000 to 800,000 cars annually by 2028 — potentially making it the largest auto factory in the U.S. This bold move is part of a $26 billion investment plan to localize production, with 80% of U.S. sales targeted for domestic manufacturing. Driven by escalating tariffs on imported vehicles — now at 15% after a recent trade deal — Hyundai absorbed nearly $3 billion in costs last year, slashing profits by nearly 20%. Building locally isn’t just strategic; it’s financially smarter, locking in long-term savings as tariffs…
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