Hyundai Motor is considering building a new plant in Europe and the Czech Republic is one possible location, the company said on Wednesday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


According to Reuters, Hyundai expects its 2005 sales to Europe, its second biggest export market after the US, to rise 23% to 462,000 units.


“Our company is considering building a new plant in the Czech Republic or other part of Europe to strengthen our business in the European market,” Hyundai Motor reportedly said in a public disclosure to the Korea Exchange. “No details have been set”.


The news agency noted that a Hyundai Motor spokesman said on Tuesday the company was looking at a couple of countries in Eastern Europe for a new plant, after a local newspaper said Hyundai was consulting with Czech authorities to build a new plant.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact