“Everybody’s very excited. There was a lot of applause there in terms of the market share gains and the profitability that we’ve been able to achieve as well,” Reilly said.
“The dealers are super excited about being a franchisee,” said Terry D’Arcy, dealer principal of D’Arcy Hyundai in Joliet, Ill.
“Hyundai talked a lot about the innovation in electrification it’s coming out with and the market share that has grown so much in the country and in the world,” D’Arcy explained, “They’ve just moved to number three [EV maker] in the country, which is a monumental thing for Hyundai.”
Part of Hyundai’s innovation includes a $5.5 billion investment in an EV battery complex under construction outside of Savannah, Ga., that will build Hyundai, Genesis and Kia vehicles as well as an additional partnership it formed with South Korean battery maker SK On Co. that will power its U.S.-built EVs.
Reilly said that investment in EVs will contribute to a “very bright future.”
