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This $7.6 billion investment signifies Hyundai's commitment to the U.S. market and its strategic pivot towards electric vehicle (EV) manufacturing. The plant's opening coincides with the Trump administration's announcement of 25% tariffs on auto imports.
However, Hyundai's U.S.-made vehicles are exempt from these tariffs, a development attributed to the company's substantial investment in domestic manufacturing. The opening of the Hyundai Motor Group Metaplant America marks a significant milestone in Hyundai's U.S. operations, emphasizing a shift towards electric mobility and contributing to economic development and job creation in Georgia.
MITV is a broadcast TV brand intended for international and local English speaking consumers, launched on 31st March 2010 based in Yangon.