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Scheduled to begin production in late 2024, Hyundai Motor Group Metaplant America will be a home for production of Hyundai and Genesis electric vehicles. Expected employment is 8,500 direct jobs with an additional 3,500 jobs created in a related battery plant nearby.
Genesis Motor, LLC, commonly referred to as Genesis (Korean: 제네시스, romanized: Jenesiseu), is the luxury vehicle brand of the South Korean vehicle manufacturer Hyundai Motor Company. Initially envisioned along with plans for Hyundai's new luxury Genesis sedan in 2004, Genesis was announced as an independent brand on 4 November 2015.
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Yonhap reports the Genesis costs "₩58.3 million (US$57,000) in Korea, whereas in the U.S. it sells for $32,000." This has led to dumping allegations [47] and a growing market in reimported Genesises by gray market dealers. Korean regulators are currently investigating whether Hyundai has abused its 75% domestic market share.
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