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Hyundai Leads US Car Growth
Hyundai achieved strong growth in the U.S. market during the current decade, increasing its market share from 8.4% in 2020 to 11.2% at the end of 2023, with a 50% increase in sales. The company has made significant progress despite geopolitical challenges and market slowdowns, and is now working to expand production at its new factory in Georgia, which cost $7.6 billion, to boost its market share and sales. Hyundai's performance in the U.S. market is considered the main reason for its position as the fourth-largest automaker in global sales, with its stock on the Korea Exchange rising by 250% since 2020.
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