\n\t\t\t\t\t\t\t\t\t\t\t\tAug 21, 2026\t\t\t\t\t<\/p>\n
Hyundai Motor is weighing an expansion of its Georgia assembly plant, potentially raising annual capacity from 500,000 vehicles to between 700,000 and 800,000 units by 2028, according to CEO Jose Munoz in an interview with CNBC. The South Korean automaker later clarified that the plans are under review and not yet finalized.<\/p>\n
If the upper end of the range is reached, the Georgia Metaplant<\/a> would surpass competitors<\/a> such as Tesla<\/a> and Toyota Motor<\/a> to become the largest U.S. vehicle assembly plant by capacity. Munoz indicated that tariffs imposed by President Donald Trump, including a 15% levy on imports from South Korea, have accelerated the company’s localization strategy. He noted that Hyundai had already begun localization efforts before the tariffs were announced, and the tariffs are helping to speed up those plans.<\/p>\n Any expansion would be funded through Hyundai’s previously announced $26 billion U.S. investment commitment through 2028. The company aims to produce at least 80% of the vehicles it sells in the U.S. market domestically by 2030, up from roughly 40% in 2024. Munoz said additional capacity is needed to achieve that goal.<\/p>\n The $7.6 billion Metaplant, first announced in 2022, currently produces the all-electric Ioniq 5 and Ioniq 9, along with the Kia Sportage hybrid. The facility is designed to build hybrid and electric vehicles for the Hyundai, Genesis, and Kia brands. Under the existing 500,000-unit framework, the Georgia campus would employ more than 8,500 people directly, with an additional 6,900 jobs supported at nearby supplier facilities.<\/p>\n Hyundai is also evaluating further investment for body-on-frame vehicles, such as trucks and SUVs, at a separate location, though Munoz declined to provide details. Munoz, who became the first non-Korean CEO of Hyundai Motor last year, described the U.S. as central to the company’s global strategy, calling it the most important market besides Korea, its headquarters. Hyundai’s U.S. market share has grown from 8.4% in 2020 to 11.2% last year, according to CNBC, citing data from Mobility Global.<\/p>\n Interactive table based on the Store Companies dataset for this report.<\/p>\n \t\t\t\tSort: Rank \t\t\t\t\t# \t\t\t\t\t\t1 \t\t\t\t\t\t2 \t\t\t\t\t\t3 \t\t\t\t\t\t4 \t\t\t\t\t\t5 \t\t\t\t\t\t6 \t\t\t\t\t\t7 \t\t\t\t\t\t8 \t\t\t\t\t\t9 \t\t\t\t\t\t10 \t\t\t\t\t\t11 \t\t\t\t\t\t12 \t\t\t\t\t\t13 \t\t\t\t\t\t14 \t\t\t\t\t\t15 \t\t\t\t\t\t16 \t\t\t\t\t\t17 \t\t\t\t\t\t18 \t\t\t\t\t\t19 \t\t\t\t\t\t20 \t\t\t\t\t\t21 \t\t\t\t\t\t22 \t\t\t\t\t\t23 \t\t\t\t\t\t24 \t\t\t\t\t\t25 \t\t\t\t\t\t26 \t\t\t\t\t\t27 \t\t\t\t\t\t28 \t\t\t\t\t\t29 \t\t\t\t\t\t30 This report provides a comprehensive view of the global passenger car industry, tracking demand, supply, and trade flows across the worldwide value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.<\/p>\n Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between exporters and importers worldwide. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the global passenger car landscape.<\/p>\n Quick navigation Global demand is shaped by both household and industrial usage, with trade flows linking cost-competitive producers to import-reliant markets. The report combines market sizing with trade intelligence and price analytics. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts across countries and regions.<\/p>\n Market size and growth in value and volume terms For the global report, country profiles provide a consistent view of market size, trade balance, prices, and per-capita indicators. The profiles highlight the largest consuming and producing markets and allow direct benchmarking across peers.<\/p>\n Methodology<\/p>\n The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.<\/p>\n International trade data (exports, imports, and mirror statistics) All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.<\/p>\n Forecasts to 2035<\/p>\n The forecast horizon extends to 2035 and is based on a structured model that links passenger car demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts.<\/p>\n Historical baseline: 2012-2025 Each country projection is built from its own historical pattern and the regional context, allowing the report to show where growth is concentrated and where risks are elevated.<\/p>\n Price analysis and trade dynamics<\/p>\n Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.<\/p>\n Price benchmarks by country and sub-region Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.<\/p>\n Business focus and production capabilities Quantify global demand and identify the most attractive markets This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of global passenger car dynamics.<\/p>\n FAQ The market size aggregates consumption and trade data at country and regional levels, presented in both value and volume terms.<\/p>\n How are the forecasts to 2035 built?<\/p>\n The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.<\/p>\n Does the report cover prices and margins?<\/p>\n Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.<\/p>\n Which countries are profiled in detail?<\/p>\n The report provides profiles for the largest consuming and producing countries, enabling benchmarking across peers.<\/p>\n Can this report support market entry decisions?<\/p>\n Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.<\/p>\n \t\t\t\t\t\t1. INTRODUCTION<\/p>\n Report Scope and Analytical Framing<\/p>\n Report DescriptionResearch Methodology and the Analytical FrameworkData-Driven Decisions for Your BusinessGlossary and Product-Specific Terms2. EXECUTIVE SUMMARY<\/p>\n Concise View of Market Direction<\/p>\n Key FindingsMarket TrendsStrategic ImplicationsKey Risks and Watchpoints3. MARKET SIZE AND DEVELOPMENT PATH<\/p>\n Market Size, Growth and Scenario Framing<\/p>\n Market Size: Historical Data (2012-2025) and Forecast (2026-2035)Growth Outlook and Market Development Path to 2035Growth Driver DecompositionScenario Framework and Sensitivities4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES<\/p>\n Commercial and Technical Scope<\/p>\n What Is Included and How the Market Is DefinedMarket Inclusion CriteriaProduct \/ Category DefinitionExclusions and BoundariesDistinction From Adjacent Products and Substitute Categories5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX<\/p>\n How the Market Splits Into Decision-Relevant Buckets<\/p>\n By Product Type \/ ConfigurationBy Application \/ End UseBy Customer \/ Buyer TypeBy Channel \/ Business Model \/ Technology PlatformSegment Attractiveness MatrixProduct Matrix and Segment Growth Logic6. DEMAND, CUSTOMER AND CONSUMER ARCHITECTURE<\/p>\n Where Demand Comes From and How It Behaves<\/p>\n Consumption \/ Demand by Country or Region: Historical Data (2012-2025) and Forecast (2026-2035)Demand by End-Use and Buyer GroupDemand by Customer \/ Consumer SegmentPurchase Criteria, Switching Logic and Adoption BarriersReplacement, Replenishment and Installed-Base DynamicsFuture Demand Outlook7. PRODUCTION, SUPPLY AND VALUE CHAIN<\/p>\n Supply Footprint, Trade and Value Capture<\/p>\n Production by CountryManufacturing Footprint and Supply HubsCapacity, Bottlenecks and Supply RisksValue Chain Logic and Margin PoolsRoute-to-Market and Distribution Structure8. TRADE, SOURCING AND IMPORT DEPENDENCE<\/p>\n Trade Flows and External Dependence<\/p>\n Exports by CountryImports by CountryTrade Balance and Sourcing StructureImport Dependence and Supply ResilienceStrategic Trade Corridors9. PRICING, PROMOTION AND COMMERCIAL MODEL<\/p>\n Price Formation and Revenue Logic<\/p>\n Price Levels and Price CorridorsPricing by Segment \/ Specification \/ GeographyCost Drivers and Margin LogicPromotion, Discounting and Procurement PatternsRevenue Quality and Commercial Levers10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER<\/p>\n Who Wins and Why<\/p>\n Market Structure and ConcentrationCompetitive ArchetypesSegment-by-Segment Competitive IntensityPortfolio Breadth and Product PositioningCapability MatrixStrategic Moves, Partnerships and Expansion Signals11. GEOGRAPHIC LANDSCAPE AND COUNTRY ROLES<\/p>\n Where Growth and Supply Concentrate<\/p>\n Core Demand MarketsCore Production MarketsExport HubsImport-Reliant MarketsFastest-Growing MarketsCountry Archetypes and Strategic Roles12. GROWTH PLAYBOOK AND MARKET ENTRY<\/p>\n Commercial Entry and Scaling Priorities<\/p>\n Where to PlayHow to WinBuild vs Buy vs PartnerRoute-to-Market ChoicesLocalization and Capability ThresholdsEntry Risks and Mitigation13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES<\/p>\n Where the Best Expansion Logic Sits<\/p>\n Most Attractive Product NichesMost Attractive Customer SegmentsMost Attractive Markets for Commercial ExpansionWhite Spaces and Unsaturated OpportunitiesHigh-Margin and Underpenetrated PocketsMost Promising Product Adjacencies14. PROFILES OF MAJOR COMPANIES<\/p>\n Leading Players and Strategic Archetypes<\/p>\n Leading Manufacturers and SuppliersRegional Specialists and ChallengersProduction Footprint and Manufacturing CapacitiesProduct Portfolio and Segment FocusPricing Positioning and Indicative Price LogicChannel \/ Distribution StrengthStrategic Archetypes15. COUNTRY PROFILES<\/p>\n Detailed View of the Most Important National Markets<\/p>\n View detailed country profiles50 countries<\/p>\n 15.1<\/p>\n United States<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.2<\/p>\n China<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.3<\/p>\n Japan<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.4<\/p>\n Germany<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.5<\/p>\n United Kingdom<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.6<\/p>\n France<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.7<\/p>\n Brazil<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.8<\/p>\n Italy<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.9<\/p>\n Russian Federation<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.10<\/p>\n India<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.11<\/p>\n Canada<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.12<\/p>\n Australia<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.13<\/p>\n Republic of Korea<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.14<\/p>\n Spain<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.15<\/p>\n Mexico<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.16<\/p>\n Indonesia<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.17<\/p>\n Netherlands<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.18<\/p>\n Turkey<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.19<\/p>\n Saudi Arabia<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.20<\/p>\n Switzerland<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.21<\/p>\n Sweden<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.22<\/p>\n Nigeria<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.23<\/p>\n Poland<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.24<\/p>\n Belgium<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.25<\/p>\n Argentina<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.26<\/p>\n Norway<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.27<\/p>\n Austria<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.28<\/p>\n Thailand<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.29<\/p>\n United Arab Emirates<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.30<\/p>\n Colombia<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.31<\/p>\n Denmark<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.32<\/p>\n South Africa<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.33<\/p>\n Malaysia<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.34<\/p>\n Israel<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.35<\/p>\n Singapore<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.36<\/p>\n Egypt<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.37<\/p>\n Philippines<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.38<\/p>\n Finland<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.39<\/p>\n Chile<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.40<\/p>\n Ireland<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.41<\/p>\n Pakistan<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.42<\/p>\n Greece<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.43<\/p>\n Portugal<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.44<\/p>\n Kazakhstan<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.45<\/p>\n Algeria<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.46<\/p>\n Czech Republic<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.47<\/p>\n Qatar<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.48<\/p>\n Peru<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.49<\/p>\n Romania<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook<\/p>\n 15.50<\/p>\n Vietnam<\/p>\n Market SizeDemand DriversCountry Role in the MarketSupply Capability \/ Production Potential \/ External DependenceCompetitive PresenceStrategic Outlook16. METHODOLOGY, SOURCES AND DISCLAIMER<\/p>\n How the Report Was Built<\/p>\n Modeling LogicSource RegisterPublications, Regulatory and Industry ReferencesAnalytical NotesDisclaimer\t\t\t\t\t<\/p>\n Loading News content from Store report…<\/p>\n \t\t\t\t\t\t\t\t\t\t\t\t\tToyota<\/p>\n World’s largest automaker<\/p>\n Volkswagen Group<\/p>\n Includes Audi, Porsche, Skoda<\/p>\n Hyundai Motor Group<\/p>\n Includes Hyundai and Kia brands<\/p>\n Stellantis<\/p>\n Formed from PSA and FCA merger<\/p>\n General Motors<\/p>\n Major brands: Chevrolet, Cadillac, Buick<\/p>\n Ford Motor Company<\/p>\n Strong in North America<\/p>\n Honda<\/p>\n Major global brand<\/p>\n Nissan Motor<\/p>\n Part of Renault-Nissan-Mitsubishi alliance<\/p>\n SAIC Motor<\/p>\n Largest Chinese automaker, partners with VW, GM<\/p>\n BMW Group<\/p>\n Includes BMW, Mini, Rolls-Royce<\/p>\n Mercedes-Benz Group<\/p>\n Part of Mercedes-Benz Cars division<\/p>\n Geely<\/p>\n Owns Volvo Cars, Lotus, Polestar<\/p>\n Changan Automobile<\/p>\n State-owned Chinese automaker<\/p>\n Dongfeng Motor<\/p>\n Major state-owned Chinese group<\/p>\n BYD<\/p>\n World’s leading EV manufacturer<\/p>\n GAC Group<\/p>\n Partners with Toyota, Honda, Mitsubishi<\/p>\n FAW Group<\/p>\n State-owned, partners with VW, Toyota<\/p>\n Suzuki Motor<\/p>\n Strong in India and Japan<\/p>\n Renault<\/p>\n Part of Renault-Nissan-Mitsubishi alliance<\/p>\n Tesla<\/p>\n Pure EV manufacturer<\/p>\n Mazda<\/p>\n Independent Japanese automaker<\/p>\n Subaru<\/p>\n Part of Subaru Corporation<\/p>\n Mitsubishi Motors<\/p>\n Part of Renault-Nissan-Mitsubishi alliance<\/p>\n Tata Motors<\/p>\n Owns Jaguar Land Rover<\/p>\n Great Wall Motors<\/p>\n Specializes in SUVs and light trucks<\/p>\n Chery<\/p>\n Major Chinese exporter<\/p>\n BAIC Group<\/p>\n State-owned, partner with Hyundai, Mercedes<\/p>\n Jaguar Land Rover<\/p>\n Owned by Tata Motors<\/p>\n Volvo Cars<\/p>\n Owned by Geely<\/p>\n Mahindra & Mahindra<\/p>\n Major Indian SUV manufacturer<\/p>\n Loading Reviews content from Store report…<\/p>\n Loading Dashboard content from Store report…<\/p>\n Loading Macro Indicators content from Store report…<\/p>\n","protected":false},"excerpt":{"rendered":"Aug 21, 2026 Hyundai Motor is weighing an expansion of its Georgia assembly plant, potentially raising annual capacity…\n","protected":false},"author":2,"featured_media":127811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1298,1391,65463,295,294,4708,17979,702,293,703,17469,2558,7316],"class_list":["post-127810","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai","tag-electric-vehicles","tag-genesis","tag-georgia-metaplant","tag-hyundai","tag-hyundai-group","tag-hyundai-ioniq-5","tag-hyundai-ioniq-9","tag-hyundai-motor","tag-hyundai-motor-group","tag-kia","tag-kia-sportage","tag-tesla","tag-toyota-motor"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/127810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=127810"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/127810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/127811"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=127810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=127810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=127810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\t\t\t\tSort: Company A-Z
\n\t\t\t\tSort: Headquarters A-Z<\/p>\n
\n\t\t\t\t\tCompany
\n\t\t\t\t\tHeadquarters
\n\t\t\t\t\tFocus
\n\t\t\t\t\tScale
\n\t\t\t\t\tNote<\/p>\n
\n\t\t\t\t\t\tToyota
\n\t\t\t\t\t\tToyota City, Japan
\n\t\t\t\t\t\tFull-line, hybrids
\n\t\t\t\t\t\t~10M units\/year
\n\t\t\t\t\t\tWorld’s largest automaker<\/p>\n
\n\t\t\t\t\t\tVolkswagen Group
\n\t\t\t\t\t\tWolfsburg, Germany
\n\t\t\t\t\t\tFull-line, premium
\n\t\t\t\t\t\t~9M units\/year
\n\t\t\t\t\t\tIncludes Audi, Porsche, Skoda<\/p>\n
\n\t\t\t\t\t\tHyundai Motor Group
\n\t\t\t\t\t\tSeoul, South Korea
\n\t\t\t\t\t\tFull-line
\n\t\t\t\t\t\t~7M units\/year
\n\t\t\t\t\t\tIncludes Hyundai and Kia brands<\/p>\n
\n\t\t\t\t\t\tStellantis
\n\t\t\t\t\t\tAmsterdam, Netherlands
\n\t\t\t\t\t\tFull-line, multi-brand
\n\t\t\t\t\t\t~6M units\/year
\n\t\t\t\t\t\tFormed from PSA and FCA merger<\/p>\n
\n\t\t\t\t\t\tGeneral Motors
\n\t\t\t\t\t\tDetroit, USA
\n\t\t\t\t\t\tFull-line, trucks, EVs
\n\t\t\t\t\t\t~6M units\/year
\n\t\t\t\t\t\tMajor brands: Chevrolet, Cadillac, Buick<\/p>\n
\n\t\t\t\t\t\tFord Motor Company
\n\t\t\t\t\t\tDearborn, USA
\n\t\t\t\t\t\tTrucks, SUVs, EVs
\n\t\t\t\t\t\t~4M units\/year
\n\t\t\t\t\t\tStrong in North America<\/p>\n
\n\t\t\t\t\t\tHonda
\n\t\t\t\t\t\tTokyo, Japan
\n\t\t\t\t\t\tPassenger cars, motorcycles
\n\t\t\t\t\t\t~4M units\/year
\n\t\t\t\t\t\tMajor global brand<\/p>\n
\n\t\t\t\t\t\tNissan Motor
\n\t\t\t\t\t\tYokohama, Japan
\n\t\t\t\t\t\tPassenger cars, crossovers
\n\t\t\t\t\t\t~3.5M units\/year
\n\t\t\t\t\t\tPart of Renault-Nissan-Mitsubishi alliance<\/p>\n
\n\t\t\t\t\t\tSAIC Motor
\n\t\t\t\t\t\tShanghai, China
\n\t\t\t\t\t\tFull-line, joint ventures
\n\t\t\t\t\t\t~5M+ units\/year
\n\t\t\t\t\t\tLargest Chinese automaker, partners with VW, GM<\/p>\n
\n\t\t\t\t\t\tBMW Group
\n\t\t\t\t\t\tMunich, Germany
\n\t\t\t\t\t\tPremium vehicles
\n\t\t\t\t\t\t~2.5M units\/year
\n\t\t\t\t\t\tIncludes BMW, Mini, Rolls-Royce<\/p>\n
\n\t\t\t\t\t\tMercedes-Benz Group
\n\t\t\t\t\t\tStuttgart, Germany
\n\t\t\t\t\t\tPremium\/luxury vehicles
\n\t\t\t\t\t\t~2.5M units\/year
\n\t\t\t\t\t\tPart of Mercedes-Benz Cars division<\/p>\n
\n\t\t\t\t\t\tGeely
\n\t\t\t\t\t\tHangzhou, China
\n\t\t\t\t\t\tFull-line, global portfolio
\n\t\t\t\t\t\t~2.5M units\/year
\n\t\t\t\t\t\tOwns Volvo Cars, Lotus, Polestar<\/p>\n
\n\t\t\t\t\t\tChangan Automobile
\n\t\t\t\t\t\tChongqing, China
\n\t\t\t\t\t\tPassenger and commercial vehicles
\n\t\t\t\t\t\t~2.3M units\/year
\n\t\t\t\t\t\tState-owned Chinese automaker<\/p>\n
\n\t\t\t\t\t\tDongfeng Motor
\n\t\t\t\t\t\tWuhan, China
\n\t\t\t\t\t\tPassenger and commercial vehicles
\n\t\t\t\t\t\t~2.2M units\/year
\n\t\t\t\t\t\tMajor state-owned Chinese group<\/p>\n
\n\t\t\t\t\t\tBYD
\n\t\t\t\t\t\tShenzhen, China
\n\t\t\t\t\t\tEVs and hybrids
\n\t\t\t\t\t\t~3M+ units\/year
\n\t\t\t\t\t\tWorld’s leading EV manufacturer<\/p>\n
\n\t\t\t\t\t\tGAC Group
\n\t\t\t\t\t\tGuangzhou, China
\n\t\t\t\t\t\tPassenger vehicles
\n\t\t\t\t\t\t~2.4M units\/year
\n\t\t\t\t\t\tPartners with Toyota, Honda, Mitsubishi<\/p>\n
\n\t\t\t\t\t\tFAW Group
\n\t\t\t\t\t\tChangchun, China
\n\t\t\t\t\t\tFull-line, commercial vehicles
\n\t\t\t\t\t\t~3.2M units\/year
\n\t\t\t\t\t\tState-owned, partners with VW, Toyota<\/p>\n
\n\t\t\t\t\t\tSuzuki Motor
\n\t\t\t\t\t\tHamamatsu, Japan
\n\t\t\t\t\t\tCompact cars
\n\t\t\t\t\t\t~3M units\/year
\n\t\t\t\t\t\tStrong in India and Japan<\/p>\n
\n\t\t\t\t\t\tRenault
\n\t\t\t\t\t\tBoulogne-Billancourt, France
\n\t\t\t\t\t\tPassenger cars, EVs
\n\t\t\t\t\t\t~2.1M units\/year
\n\t\t\t\t\t\tPart of Renault-Nissan-Mitsubishi alliance<\/p>\n
\n\t\t\t\t\t\tTesla
\n\t\t\t\t\t\tAustin, USA
\n\t\t\t\t\t\tElectric vehicles
\n\t\t\t\t\t\t~1.8M units\/year
\n\t\t\t\t\t\tPure EV manufacturer<\/p>\n
\n\t\t\t\t\t\tMazda
\n\t\t\t\t\t\tHiroshima, Japan
\n\t\t\t\t\t\tPassenger cars, crossovers
\n\t\t\t\t\t\t~1.1M units\/year
\n\t\t\t\t\t\tIndependent Japanese automaker<\/p>\n
\n\t\t\t\t\t\tSubaru
\n\t\t\t\t\t\tTokyo, Japan
\n\t\t\t\t\t\tAll-wheel-drive vehicles
\n\t\t\t\t\t\t~850k units\/year
\n\t\t\t\t\t\tPart of Subaru Corporation<\/p>\n
\n\t\t\t\t\t\tMitsubishi Motors
\n\t\t\t\t\t\tTokyo, Japan
\n\t\t\t\t\t\tSUVs, crossovers
\n\t\t\t\t\t\t~900k units\/year
\n\t\t\t\t\t\tPart of Renault-Nissan-Mitsubishi alliance<\/p>\n
\n\t\t\t\t\t\tTata Motors
\n\t\t\t\t\t\tMumbai, India
\n\t\t\t\t\t\tPassenger and commercial vehicles
\n\t\t\t\t\t\t~500k+ cars\/year
\n\t\t\t\t\t\tOwns Jaguar Land Rover<\/p>\n
\n\t\t\t\t\t\tGreat Wall Motors
\n\t\t\t\t\t\tBaoding, China
\n\t\t\t\t\t\tSUVs, pickups
\n\t\t\t\t\t\t~1M+ units\/year
\n\t\t\t\t\t\tSpecializes in SUVs and light trucks<\/p>\n
\n\t\t\t\t\t\tChery
\n\t\t\t\t\t\tWuhu, China
\n\t\t\t\t\t\tPassenger cars, exports
\n\t\t\t\t\t\t~1.2M units\/year
\n\t\t\t\t\t\tMajor Chinese exporter<\/p>\n
\n\t\t\t\t\t\tBAIC Group
\n\t\t\t\t\t\tBeijing, China
\n\t\t\t\t\t\tPassenger and commercial vehicles
\n\t\t\t\t\t\t~1.5M units\/year
\n\t\t\t\t\t\tState-owned, partner with Hyundai, Mercedes<\/p>\n
\n\t\t\t\t\t\tJaguar Land Rover
\n\t\t\t\t\t\tCoventry, UK
\n\t\t\t\t\t\tLuxury and premium SUVs
\n\t\t\t\t\t\t~400k units\/year
\n\t\t\t\t\t\tOwned by Tata Motors<\/p>\n
\n\t\t\t\t\t\tVolvo Cars
\n\t\t\t\t\t\tGothenburg, Sweden
\n\t\t\t\t\t\tPremium vehicles, safety
\n\t\t\t\t\t\t~700k units\/year
\n\t\t\t\t\t\tOwned by Geely<\/p>\n
\n\t\t\t\t\t\tMahindra & Mahindra
\n\t\t\t\t\t\tMumbai, India
\n\t\t\t\t\t\tSUVs, electric vehicles
\n\t\t\t\t\t\t~300k+ cars\/year
\n\t\t\t\t\t\tMajor Indian SUV manufacturer<\/p>\n
\nKey findings<\/p>\n
\n Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
\n Supply depends on input availability and production efficiency, creating distinct cost curves across regions.
\n Market concentration varies by country, creating different competitive landscapes and entry barriers.
\n The 2035 outlook highlights where capacity investment and demand growth are most aligned globally.
\nReport scope<\/p>\n
\n Consumption structure by end-use segments and regions
\n Production capacity, output, and cost dynamics
\n Global trade flows, exporters, importers, and balances
\n Price benchmarks, unit values, and margin signals
\n Competitive context and market entry conditions
\nProduct coverageProdcom 29102100 – Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., newProdcom 29102230 – Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)Prodcom 29102250 – Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.Prodcom 29102310 – Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)Prodcom 29102330 – Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)Prodcom 29102340 – Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)Prodcom 29102353 – Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.Prodcom 29102355 – Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.Prodcom 29102400 – Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)Prodcom 29102410 – Motor vehicles, with both spark-ignition or compression-ignition internal combustion piston engine and electric motor as motors for propulsion, other than those capable of being charged by plugging to external source of electric powerProdcom 29102430 – Motor vehicles, with both spark-ignition or compression-ignition internal combustion piston engine and electric motor as motors for propulsion, capable of being charged by plugging to external source of electric powerProdcom 29102450 – Motor vehicles, with only electric motor for propulsionProdcom 29102490 – Other motor vehicles for the transport of persons (excluding vehicles with only electric motor for propulsion , vehicles for transporting u2265 10 persons, snowmobiles, golf cars and similar vehicles)Country coverageCountry profiles and benchmarks<\/p>\n
\n National production and consumption statistics
\n Company-level information from financial filings and public releases
\n Price series and unit value benchmarks
\n Analyst review, outlier checks, and time-series validation<\/p>\n
\n Forecast horizon: 2026-2035
\n Scenario-based sensitivity to income growth, substitution, and regulation
\n Capacity and investment outlook for major producing countries<\/p>\n
\n Export and import unit value trends
\n Seasonality and calendar effects in trade flows
\n Price outlook to 2035 under baseline assumptions
\nProfiles of market participants<\/p>\n
\n Geographic reach and distribution networks
\n Cost structure and pricing strategy indicators
\n Compliance, certification, and sustainability context
\nHow to use this report<\/p>\n
\n Evaluate export opportunities and prioritize target countries
\n Track price dynamics and protect margins
\n Benchmark performance against major competitors
\n Build evidence-based forecasts for investment decisions<\/p>\n
\nWhat is included in the global passenger car market?<\/p>\n