Hyundai Motor CEO José Muñoz told CNBC that the company is weighing an expansion of its Georgia Metaplant factory, aiming to increase annual production capacity from 500,000 to 700,000-800,000 vehicles by 2028. If it reaches the upper limit, the plant would become the largest automotive assembly plant in the U.S. by capacity, surpassing Tesla and Toyota's facilities. Muñoz stated directly that tariffs "are helping accelerate our localization plans." Hyundai plans for at least 80% of the vehicles it sells in the U.S. to be produced domestically by the end of this decade, up from about 40% in 2024.