South Korean automaker Hyundai Motor plans to temporarily suspend production of certain electric vehicle (EV) models at its major plant in Ulsan. The decision comes in response to declining global demand for EVs and mounting trade barriers, including new tariffs imposed by the United States.

Recent developments in global trade have again highlighted the vulnerability of supply chains. Xpeng, a prominent Chinese electric vehicle manufacturer, has emphasized its commitment to tight oversight following the introduction of new U.S. tariffs under the Trump administration. Mounting tension in U.S.-China relations adds to the uncertainty, demanding swift decisions and flexible strategies.