Live Updates > Live Update Details
2025-09-15 08:49:52
Korean hybrid car production capacity is impacted and prices are expected to rise, potentially making them less competitive in the US market than Japanese models. If the US tariff on Japanese cars is reduced from 27.5% to 15% on the 16th, Nissan cars will be priced lower in the US market than Korean models like Hyundai. This means that due to the deadlock in tariff negotiations between the South Korean and US governments, Korean cars, currently subject to the 25% US tariff, may become more expensive than their Japanese competitors. Of particular note, electric vehicle subsidies in the US market are set to expire at the end of this month, and demand for hybrid electric vehicles (HEVs), as an alternative, is expected to grow. However, Hyundai Motor Group has no HEV production lines in the US and will be forced to bear the full impact of the tariffs, putting it in a difficult position. Hyundai Motor also faces another challenge: the construction of the Hyundai-LG Energy Solution battery plant in Georgia has encountered setbacks, which will inevitably lead to battery supply disruptions. Hyundai Motor President Jose Muñoz has officially confirmed that the plant's start of production will be delayed by at least two to three months.
