[Conference Call] Hyundai Motor to Boost US Plant Production Efficiency for Cost Reduction in Q3

On July 24, Hyundai Motor Company stated during its Q2 2025 earnings conference call, "In the third quarter of this year, we expect to see cost reduction effects through improved production efficiency."

Hyundai Motor Company said, "We will transfer the production efficiency methodologies developed at the Hyundai Motor Manufacturing Alabama (HMMA) plant, which has been in operation for 20 years, to Hyundai Motor Group Metaplant America (HMGMA)," and added, "We expect these effects to begin appearing from the third quarter of this year."

The company also mentioned cost reduction measures through diversification of automotive parts. Hyundai Motor Company stated, "We have launched a task force (TF) to diversify parts and have received quotations for approximately 200 parts," and continued, "We are currently reviewing whether it is better to export these parts from Korea, source them locally in the United States, or determine which sourcing method is optimal if we choose local sourcing."

The company further explained, "When changing suppliers, it takes some time because we need to comprehensively check whether the parts meet Hyundai Motor Company's top priorities of 'quality' and 'customer safety,'" and added, "The impact of changes in parts sourcing will not be realized in the short term."

This content was produced with the assistance of AI translation services.