Hyundai CEO Confident of US Strategy Amid Trump EV Uncertainty

Hyundai Motor Co.’s Chief Executive Officer shrugged off uncertainties around President Donald Trump’s approach toward electric vehicles and domestic production, saying the company’s “localization strategy” in the US will “help mitigate the impact of any potential policy change.”

Jose Munoz, fronting shareholders at the South Korean automaker’s annual general meeting in Seoul on Thursday, also defended Hyundai’s decision to plow billions of dollars into the US, maintaining that the “decision to make this investment was made during the first Trump administration.”