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It’s No Longer “If,” But “When” Chinese Automakers Will Crack Open the U.S. Market

It’s No Longer “If,” But “When” Chinese Automakers Will Crack Open the U.S. Market

Tariffs enacted by Presidents Joe Biden and Donald Trump effectively closed the door on auto imports from China – only a few products now entering the U.S. But, despite the current hefty tariffs, observers expect that the Trump administration will soon open the American market up to Chinese products, while also encouraging manufacturers like BYD and Geely to set up U.S. manufacturing operations. While American motorists would likely welcome vehicles like the $20,000 BYD Dolphin, this could pose an “existential threat” to traditional automakers, reports Headlight.News.

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.

Tariff Deal with Japan is Still Six Times More Than Before Trump Trade War

Tariff Deal with Japan is Still Six Times More Than Before Trump Trade War

Japan reached a trade deal with the Trump administration that will lower tariffs on its auto imports to 15%. That’s nearly half what the president’s trade war initially imposed on Japanese-made vehicles – but its still six times more than the duties in place before the Trump trade war – which means thousands of dollars in potential price hikes should automakers pass the tariffs on to consumers. More from Headlight.News.

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.

Hyundai Plant ICE Raid Kicks Off Diplomat Incident

Hyundai Plant ICE Raid Kicks Off Diplomat Incident

South Korea’s foreign minister headed to the U.S. Monday morning to move forward with plans to release hundreds of South Korean nationals arrested last week while working on the construction of a $7.6 billion Hyundai battery plant in Georgia. The move came just days after the Korean carmaker upped investment plans for the U.S. to $26 billion — and threatens to chill relations between the U.S. and one of its staunchest allies. Headlight.News has more.

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

Hundreds  of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.

Hyundai’s Planned U.S. Investment Growing to $26 Billion

Hyundai’s Planned U.S. Investment Growing to $26 Billion

Hyundai Motor Group will invest $26 billion in the U.S. market, the automaker announced, a $5 billion increase from the figure it announced earlier this year. The increased budget will be used to expand the groups presence in the steel and robotics industries, as well as to expand its automotive operations. More from Headlight.News.

GM, Hyundai Plan to Develop Five Vehicles Together

GM, Hyundai Plan to Develop Five Vehicles Together

General Motors and Hyundai Motor Co. will jointly develop give vehicle, including an all-electric van, the two automakers revealed, marking the first concrete steps in an alliance announced last September. The program primarily will target the Latin American market where both automakers are struggling to beat back a push by emerging Chinese competitors. But the van will be sold in the U.S. More from Headlight.News.