Hyundai outlines bold development plans on the primary US investor day, though the revenue forecast is diminished round 2025

Jose Munoz, President and CEO of the Hyundai Motor Company, speaks on March 26, 2025 in Ellabell, GA.

Mike Stewart | AP

New York – Hyundai engine Increased aggressive growth plans from Thursday to the end of the decade, although he had reduced his prospects for the year due to tariffs.

The new goals require an operating profit margin this year between 6% and 7% from 7% to 8% and an increase in sales between 5% and 6% – an increase of 2 percentage points – compared to 175.2 trillion South Koreans ($ 12.7 billion) in 2024.

The South Korean car manufacturer revised its financial goals on Thursday before a CEO investor day in New York City. It is the first time that the company organized the event outside of South Korea and the first CEO José Muñoz, which was promoted to the first job in the car manufacturer this year.

In addition to the revision of the financial goals, the third largest car manufacturer in the world confirmed its ambitious growth plans, which by 2030 comprise an increasing annual turnover to 5.55 million. These results would achieve an increase of around 34% compared to global sales in the past year of 4.14 million units.

Muñoz opened the meeting with the company’s expansion plans, which were largely fueled by the United States and which he described as the “growth engine” for the car manufacturer. Hyundai is currently investing 26 billion US dollars from 2025 to 2028 to expand its business in America.

“This is not just about the reduction of the tariff, but about building the most advanced and efficient production ecosystem in the automotive industry,” he said during the event and added that the United States is the greatest chance of expanding localized production.

Hyundai aims to generate more than 80% of the sales of the US vehicle on site by 2030. That is currently around 40%. This is expected to include a medium -sized pickup developed by Hyundai and a potentially more robust SUV than the company that currently offers, Muñoz said on Thursday.

“I think it’s long overdue,” said Muñoz reporters after the event and called it “a great opportunity”.

The CEO investor event takes place at an incorrect time for the company and the relationships between the USA and South Korea.

A masked federal agent who has an investigation into home protection guarded a location during a robbery in which around 300 South Koreans among 475 people were arrested at the location of a 4.3 billion project by Hyundai Motor and LG Energy Solution, for batteries for electric cars in Ellabell, Georgia, on September 4, 2025 Location that was recorded in a video.

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The New York meeting finds weeks after hundreds of workers were arrested in a common battery system between Hyundai and LG energy solution in Georgia during an immigration attack.

Around 475 workers, including more than 300 South Koreans, were arrested in the plant in Ellabell, Georgia, according to the US immigration officers in the facility on September 4. Many employees who were arrested returned home after discussions between South Korea and US officials via a planned plane.

Muñoz confirmed on Thursday that half worked for suppliers without the Hyundai employees being arrested.

The attack, which was the greatest asset succession operation in the history of the US Ministry of Homeland, was carried out on site due to suspicion of “illegal” visa or immigration status from local workers.

At the beginning of Thursday meeting, Muñoz expressed “our sincere empathy” for the workers and their families who were affected by the raid. He hopes that the USA and South Korea can work together to solve the problem and continue the healthy relationship between the two countries.

“As our CEO said last week, we hope that the USA and Korea will be able to work for both sides for short-term business trips, especially for specialized technical know-how,” said Muñoz.

His comments on Visa repeated those of Bob Lee, the North American President of LG Energy Solution. Lee said on Monday that this could be the “positive” that comes from all of this, and expressed optimism that the company was able to avoid such actions in the future.

“We support this very much and we are carefully optimistic that this type of thing will not happen again,” said Lee in a Center for Automotive Research Conference in Detroit.