Hyundai CEO Says US Apologized Over ICE Raid on Factory
Raid Has Delayed Construction at Georgia Battery Plant
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Hyundai Motor Co. CEO JosĂ© Muñoz said the South Korean automaker received an apology from the U.S. for an immigrationÌęraidÌęthat has delayed construction at its Georgia battery plant, and that the company will press ahead with expansion plans in America.
The September incident, which saw federal agents detain 475 workers, mostly Korean, at a Hyundai-LG Energy Solution Ltd. facility, was a âbad surprise,â Muñoz told the Bloomberg New Economy Forum in Singapore. But it hasnât dented Hyundaiâs commitment to investing in the U.S., he said, adding the carmaker will double down on its plan.Ìę
âWe cannot simply, because something happened, which is obviously an accident, and you get even apologies from the president of the United States, say this is going to change our plans,â he said.Ìę
âWe want to maintain our investments in the country. We think in the mid to long term, things are going to get better.â
The raid exposed risks to the billions of dollars South Korea has invested in Americaâs clean energy push, including HyundaiâsÌęown plansÌęfor $26 billion in investment. With the images of detainees shackled at the wrists, waist and ankles, the shock operation reverberated not just through the industry, but frayed diplomatic ties between Seoul and Washington.Ìę

A rendering of the Hyundai-LG Energy plant under construction. (HL-GA Battery Co.)
Muñoz recalled the events surrounding the raid, including receiving a call from the governor of Georgia. âSo apparently somebody made a phone call and made it look like there were illegal immigrants. Thatâs absolutely not the case,â Muñoz said. Subsequently, relevant authorities and companies had found a solution to the visa gap that the action had exposed.
Still, Hyundai has said the raid is set toÌędelayÌęthe plantâs construction by at least two-to-three months because of labor shortages, deepening challenges for a company which has already been one of the hardest hit by hefty U.S. duties on Korean goods as trade talks stretched for months.Ìę
The carmaker has said the tariffs cost it aboutÌę1.8 trillion wonÌę($1.2 billion) in the third quarter. It also previouslyÌęloweredÌęits profit expectations for 2025, while raising its revenue forecast, as it ramps up investment in the U.S. to cushion the impact from the levies. Muñoz on Nov. 19 reiterated the need to adjust supply chains by investing in local markets and improving operations.Ìę
Beyond the fallout of the raid and tariffs, Muñoz highlighted the carmakerâs use of artificial intelligence and robotics to boost productivity, though the technologies are also transforming the employment landscape.Ìę
Hyundai is in the process of turning itsÌęfacilityÌęin Singapore into a so-calledÌędark factoryÌęâ a plant that is so automated it essentially doesnât need to turn on the lights.Ìę
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âWe are a tech company that happened to be in the automotive business,â he said in a separate interview with Bloomberg TV. âWe donât want the humans to lose the jobs. We want to capitalize and maximize the human potential,â he said, adding that the carmaker will need more engineering-type roles over manufacturing jobs.
That adjustment underscores the need to adapt to the rapid changes that are a feature of the modern auto industry.Ìę
Muñoz, the first foreigner to lead Hyundai, said the company has found success by adopting the âhurry hurryâ ethos of the Korean business world. âWe change very fast,â he said.
Written byÌęIshika Mookerjee, Hyonhee Shin and Bernadette Toh
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