From Yahoo Finance: 2025-03-25 07:52:00

Hyundai Motor Group commits to a $21bn investment in the US from 2025 to 2028, focusing on production expansion, technology advancement, and energy infrastructure. The move follows US import tariffs to boost domestic manufacturing. The investment will increase annual production capacity to 1.2 million vehicles and support localisation of automotive components, including EV battery packs. Hyundai Steel plans to construct a steel mill in Louisiana. $6bn will drive innovation, strengthen partnerships, and support startups in mobility, robotics, and AI. The investment is expected to create 14,000 direct full-time jobs and over 100,000 direct and indirect jobs in the US by 2028. Hyundai Motor Group also plans to re-enter the Russian market amid ongoing ceasefire negotiations between Russia and Ukraine.



Read more at Yahoo Finance: Hyundai Motor Group announces $21bn US investment plan