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Reported Earlier, Hyundai's New Georgia Metaplant Powers U.S. Job Growth And Innovation, Backed By $20B+ In American Investment
Market Analysis: Trump's auto tariffs have few winners, and Elon Musk's Tesla is undoubtedly one.
US President Donald Trump is about to impose a 25% tariff on imported cars, many companies in the auto industry will become victims, but there is one obvious winner, which is Elon Musk's Tesla. This electric vehicle manufacturer has large factories in California and Texas, producing all the cars sold in the USA, thereby largely shielding itself from Trump's new tariffs on imported vehicles and critical components. Its main competitors, South Korea's Hyundai, Germany's Volkswagen, and also US-based General Motors, face a severe rise in costs very soon.
Hyundai Motor Group Metaplant America Celebrates Grand Opening, Powering U.S. Economic Growth
The third factory of Hyundai Motor Group in the USA has opened.
Hyundai Motor Group held the opening ceremony for its new electric vehicle plant in Georgia, USA, on Wednesday local time. Hyundai Motor Group stated: "Hyundai Motor Group Metaplant America (HMGMA) will become a strategic production base to drive Hyundai's Global growth and play a key role in achieving future mobility." This new plant is located in Ellabell, Georgia, covering an area of 11.83 million square meters, with an annual production capacity of 300,000 vehicles, and plans to increase the annual output to 500,000 vehicles in the future. This follows the Hyundai Alabama plant and the Kia Georgia plant.
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