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Bloomberg Talks

Hyundai CEO Jose Munoz Talks Company Growth Strategy in US and China

Jan 7, 2025
Jose Munoz, CEO of Hyundai and a seasoned leader in the automotive industry, shares insights on navigating the evolving landscape of the US and Chinese markets. He discusses the need for strategic adaptability amid potential political changes and highlights the competitive dynamics within the electric vehicle sector. Munoz also addresses the challenges faced by legacy manufacturers in China and emphasizes the importance of mental health awareness and open dialogue for personal and professional growth.
08:13
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Episode guests

Jose Munoz

Podcast summary created with Snipd AI

Quick takeaways

  • Hyundai prioritizes the U.S. market for future investments, emphasizing growth and competitive positioning despite fluctuating incentives.
  • In China, Hyundai plans to invest $1.1 billion to strengthen its market presence and learn from competitors for long-term competitiveness.

Deep dives

Hyundai's Strategic Investments Amid Political Shifts

Hyundai is committed to prioritizing the U.S. market for future investments, viewing it as critical for both growth and competitive positioning. The company's strategy is not driven solely by available incentives, as CEO Jose Munoz emphasized that such incentives can fluctuate with changing administrations, particularly in light of potential shifts under a second Trump presidency. He noted that the recent significant investments made during the previous Trump administration have provided Hyundai with the flexibility to navigate the evolving market landscape effectively. Ultimately, the focus remains on delivering the best products and customer experiences while adapting to regulatory changes in order to maintain market relevance and success.

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