According to foreign media reports, on January 12, people familiar with the matter revealed that Hyundai Motor South Korea donated $ 1 million to the U.S. President Trump’s inauguration fund through its US subsidiary. This is the first time in the history of modern automobiles to donate to the U.S. President’s inauguration.
A spokesman for Hyundai Motors said: “Hyundai car eagerly looking forward to working with the new American government to explore opportunities for cooperation opportunities to support the American manufacturing industry, ensure the security of the supply chain, and inspire innovation.”
Trump will work on January 20. He has repeatedly vowed to levy up to 20%of tariffs on all products imported to the United States and cancel the US tax -free policy on electric vehicles. Hyundai cars and Kia Automobiles were hit.
In 2024, Hyundai Automobile, Kia Automobile and South Korean high -end brand Jenisseus sales in the United States reached 1,708,293 vehicles, an increase of 3.4%year -on -year, setting a new record of annual sales. From January to November 2024, Hyundai Motors, Kia Automobile and Ginnisis sold 112,566 electric vehicles in the United States, an increase of 19.3%year -on -year, accounting for about 10%of the US electric vehicle market, second only to Tesla.
On January 1st, the US Department of Energy revealed that modern vehicles Ioniq 5 and IONIQ 9, Kia’s electric model EV6 and EV9, and GV70, electrified models of Ginnisa, have been qualified for the US government for the first time. Prior to this, each modern electric vehicle and Kia electric vehicle could only obtain a tax reduction discount of up to $ 7,500 through leasing.
Although according to the current President Biden’s “Inflation Reduction Act”, the U.S. government has just begun to provide financial support for Korean brands’ electric vehicles, but Trump has publicly criticized the “Inflation Act” from the beginning. And expressed the strong willingness to completely cancel electric vehicle subsidies.
In addition, Hyundai Motors operates a factory in Moncorley, Alabama, USA, and Kia Automobile also operates a factory in Georgia, USA. At the same time, Hyundai Motors built a new factory with electric vehicles as the core in Bryan County, Georgia. It is expected that the plant will hold a grand opening ceremony in the first quarter of 2025.