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


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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now