This story was updated on Wednesday, March 26, 2025, at 7:32 p.m.
Hyundai celebrated the opening of its new $7.6 billion electric vehicle factory in Georgia on Wednesday by announcing plans to expand its production capacity by two-thirds to a total of 500,000 vehicles per year.
The news came as President Donald Trump announced 25% tariffs on auto imports at the White House. Hyundai will be spared from those tariffs on its U.S.-made vehicles. Trump praised the South Korean automaker on Monday, saying its American investments are “a clear demonstration that tariffs very strongly work.”
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