Hyundai Motor Company vice chairman Chung Eui Sun said at the Los Angeles auto show that the company has no definitive plan to build another assembly plant in the United States.
He explained that although it is struggling to keep up with U.S. demand for most models in its lineup, Hyundai does not intend to expand capacity at the moment. He did say however that the company is having internal talks about U.S. expansion and that it would study the matter in the future, according to Bloomberg.
Last week, Hyundai Motor America president and CEO John Krafcik also said that the company isn’t planning another assembly plant or expansion at its two existing U.S. sites, as Hyundai does not want to jeopardize its continuing gains in quality by rapidly expanding production capacity. The Hyundai Group operates two assembly plants in America, a Hyundai plant in Montgomery, Alabama, and a Kia facility in West Point, Georgia.
Krafcik also said the company boosted production capacity at the Montgomery plant by 10 percent this year, from about 300,000 to about 330,000 cars. The cars made at that plant, including the Sonata sedan and redesigned Elantra compact car, are sold in the U.S.
Hyundai reported an increase in U.S. sales by 21 percent through October, with the brand already surpassing total sales for all of 2010, itself a record sales year for Hyundai.