I just spent last week in Alabama and witnessed Hyundai's American manufacturing plant in action. This article comes as no surprise...
Korea's media notes that Hyundai Motor's Overseas Production Tops 30 Percent
Hyundai Motor saw its overseas production percentage for the first half of this year surpass 30 percent for the first time.
This is still far lower than that of Toyota, Honda or General Motors who rely on overseas production facilities for some 50 percent of their production but the percentage is likely to increase in the future due to labor disputes here which have become an annual ritual.
The Korea Automobile Manufacturers Association announced Friday Four Hyundai overseas plants in the U.S., China, India and Turkey produced 407,812 units in the first half of this year, a 76.1 percent increase over the same period last year.
As a result, HyundaiÂs overseas production percentage rose from 27.3 percent last year to 32.4 percent this year.
Operating overseas plants help us avoid trade conflict in our export markets and raise productivity, an official with the association said, adding, Hyundai-Kia Motors, will eventually have about half of its production done overseas just like Toyota and Honda.