Trump: ‘Hyundai has announced a $560 million investment in its Georgia plant’

[Financial News] U.S. President Donald Trump highlighted the achievements of his economic policies, directly citing Hyundai Motor Group’s investment plans.
At a midterm election rally in Dalton, Georgia, on the 16th (local time), President Trump said, “Hyundai has just announced that it will invest $560 million (about 750 billion won) to expand its plant in West Point, Georgia.”
President Trump went on to tout key achievements of his second term, adding, “Under Republican leadership, our country (the United States) is doing very well.”
The investment project Trump referred to is understood to be the investment plan of Hyundai Transys, Hyundai Motor Group’s automotive parts affiliate.
Georgia Governor Brian Kemp previously said in a press release on the 8th that Hyundai Transys planned to create 320 new jobs as part of efforts to strengthen support for global automotive customers in North America. According to the press release, Hyundai Transys will use the investment to modernize its existing Plants 1 and 2 in West Point and build a new Plant 3.
The Georgia state government said the plant expansion would help increase production capacity for electrified powertrains for hybrid vehicles, and that Hyundai Transys planned to hire new employees for office, administrative and production roles.
President Trump has frequently referred to South Korea’s investment plans ahead of next month’s midterm elections. This month alone, at an event in Maryland marking the establishment of a new shipyard by defense contractor Anduril, he cited South Korea’s shipbuilding investment, saying it had agreed to invest $150 billion, and said, “South Korea paid a price to lower tariffs.” At a Republican midterm election rally in Clarksville, Tennessee, he also stressed that, thanks to his tariff policies, Korea Zinc was investing at least $6 billion (about 8 trillion won) to create 740 jobs in the area. After a rally in support of candidates in Alaska on the 14th, he announced that South Korea had agreed to invest $50 billion (about 67 trillion won) in an Alaska liquefied natural gas (LNG) development project.
In August, U.S. automotive publication Carscoops reported that the Georgia plant known as Hyundai Motor Group Metaplant America (HMGMA) could expand its annual production capacity to as many as 800,000 vehicles by 2028, potentially becoming the largest auto assembly plant in the United States. According to the report, the current annual capacity of 500,000 vehicles is insufficient, and production could be increased to 700,000–800,000 by 2028, with possible investment in producing midsize pickup trucks and sport utility vehicles (SUVs). Hyundai currently produces Hyundai Ioniq 5 and Hyundai Ioniq 9 electric vehicles, as well as Kia Sportage hybrids, at the Metaplant, and plans to broaden its lineup to include a wider range of models.
In an interview with business news network CNBC last August, Hyundai CEO José Muñoz said the U.S. market was Hyundai’s second-most important after South Korea. He outlined plans to increase the share of Hyundai vehicles sold in the U.S. from about 40% in 2024 to at least 80% by 2030 and to launch around ten new models.
Muñoz said that the Trump administration’s imposition of a 15% tariff on imports from South Korea was also pushing Hyundai to accelerate its plans to increase production in the United States.
He said Hyundai might need additional production facilities outside Georgia and was considering further investment in truck and SUV production.



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