South Korean automaker Hyundai Motor Company plans to expand its global annual production capacity by 1.2 million units by 2030, the company’s CEO, Jose Munoz, told shareholders at an annual meeting held at its headquarters in Seoul this week. Jose Munoz said the increased capacity will come as a result the company’s accelerated localization strategy, as it responds to recent import tariffs in the US and tailors to diverging regional demand amid a global shift to electrification. The CEO sees these change ...