Hyundai to expand US production with new hybrids, trucks and first EREV
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Hyundai Motor CEO Carlos Munoz announced at the company's 2026 Investor Day that it will build more vehicles in the United States and introduce new hybrids, trucks, and its first extended-range EV. The plan includes adding 500,000 units of annual North American capacity by 2030 and raising local parts sourcing to 80%. The push comes as the overall US car market remains flat.
Key Facts
- Hyundai will add 500,000 units of annual production capacity in North America by 2030.
- The company plans to offer more than 10 hybrid models in North America by 2030, targeting a 50% sales mix.
- Hyundai's first extended-range EV, the Santa Fe EREV, is due in the first half of 2027 and will be built in Alabama.
- Hyundai will raise its US local parts sourcing target to 80% from 60%.
- The company plans to launch more than 100 new models globally by 2030, including 58 in North America.
US Production Expansion
Hyundai will add 500,000 units of annual capacity in North America by 2030 as part of a global expansion of 1.27 million units. The company is raising its US local parts sourcing target to 80% from 60%. The Santa Fe EREV, Hyundai's first extended-range EV, will be built at Hyundai Motor Manufacturing Alabama and is due in the first half of 2027. Hyundai will also build hybrids at its plants in Alabama and Georgia.
Hybrid and Truck Push
Hyundai will offer more than 10 hybrid models in North America by 2030, equating to a 50% sales mix. Cumulative hybrid sales in North America have passed one million units. The company is targeting 'white spaces' including body-on-frame trucks and a midsize pickup that would compete with Ford, General Motors, and Toyota. Hyundai reported a record first half of 595,457 units sold in North America, with US sales up 3% to 489,656.
Global Product Offensive
Hyundai plans to launch more than 100 new and refreshed vehicles globally by 2030. The rollout includes 58 models in North America, 49 in Korea, 41 in Europe, 26 in India, and 22 in China. Seven new models are due in the next eight months, starting with the all-new Elantra, IONIQ 3 EV, Tucson, and Santa Fe EREV.
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Hyundai to expand US production with new hybrids, trucks and first EREV
