Hyundai Motor Company CEO talks automaker’s $21 billion US investment

Jose Monoz, CEO of Hyundai Motor Company on Wednesday appeared on the “Country count” as he talked about huge investments in the United States in the United States in the United States in the United States

His appearance on the show came on the same day that the auto industry company was distinguished by its large official opening Hyundai Motor Group Metapant America (HMGMA) near Savana, Georgia, just days after Hyundai revealed that it would put $ 21 million over the next few years towards promoting manufacturing in the United States

“We open the so -called Hmgma Metapant America, which consists of 12.6 billion dollars. It is a single collection factory with a capacity of 300,000 announced today that will reach 500,000 and two battery factory.” “As I indicated, immediately before the start of the interview, CEO, Mr. Chung, announced to the President of the United States, President Trump, that we are planning to invest $ 21 billion between now and 2028 in a number of mega projects, including the new electricity oven plant in Louisiana.”

The Hyundai logo is shown at the New York International Auto, March 28, 2018 at the Jacob K. Javits in New York City (Drew Angeler / Getty Images / Getty Images)

On Monday, the new investment revealed, which unveiled Hyundai on Monday, will include $ 9 billion to bring its annual US production capacity to 1.2 million cars, 6 billion dollars for “enhancing the resettlement of spare parts and logistics” and 6 billion dollars towards more cooperation in future industries “such as independent leadership, independent robots and energy energy, according to the company.

Hyundai to invest $ 20 billion in the United States manufacturing

The appearance of Monoz on the “Country count” came before President Donald Trump later said on Wednesday that he would put a new tariff on imported vehicles.

The CEO of Hyundai Motor Company Claman has “made a great decision to invest in America” ​​during the previous Trump administration.

The Hyundai First Assembly and Manufacturing Factory is located in the United States outside Montgomery, Alabama (Carol M. Highsmith/Buyenlarge/Getty Images/Getty Images)

“America is the largest market for us, then we decided to do the largest investment in the world with $ 12.6 billion,” he said. “There is nothing better for treating potential definitions than localizing our production in America, and bringing in jobs.”

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“Many do not know that we are in fact a large company not only produced cars, but steel and many other things.” “With all these new investments that we announced on Monday, we bring a total of about 670,000 jobs, directly and indirectly. This is huge.”

He said that the vehicles that Hyundai will work on at its factory in Savana, Georgia, “maybe they will have to pay any tariff.”

President Trump announces the tariff of new cars

The auto industry company is the latest among the increasing number of companies that announce plans to increase investment in the United States under the Trump administration, which uses the customs tariff to encourage companies to re -manufacture to American territory and reduce dependence on foreign goods.

Washington DC – January 21: US President Donald Trump is dealing with a question from a reporter during a press conference in the Roosevelt room in the White House on January 21, 2025 in Washington, DC. Trump has announced an investment in artificial intelligence (Andrew Harnik / Getty Images / Getty Images)

Trump has implemented a large number of definitions since he took office, including 20 % of fees on imported goods in the United States from China. Mexico and Canada were also exposed to a tariff, but Trump later made exemptions to these two countries on the goods under the United States, Mexico and Cananga agreement until April.

Steel and aluminum imports are subject to new definitions.

Daniela Jenovies contributed to this report.