Hyundai has gained more US market share this decade than any carmaker
Hyundai Motor Group has grown its US market share faster than any major carmaker this decade and is investing $26B through 2028 to build at least 80% of its American sales domestically. Its European plants already account for around 80% of its European sales.
No carmaker has gained American market share this decade like Hyundai. The group has gone from 8.4% in 2020 to 11.8% through the first half of this year, on sales up 50%, which makes it the fourth best-selling automaker in the country.
The plan to keep going costs $26B through 2028. Its centrepiece is the $7.6B Metaplant in Georgia, which chief executive José Muñoz says could expand from 500,000 units a year to between 700,000 and 800,000 by 2028.
Underneath the spending is one number. Hyundai wants to build at least 80% of what it sells in America domestically by the end of the decade,...
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