Hyundai plans $20B U.S. investment with $5B steel plant for electric vehicle production.

From Yahoo Finance: 2025-03-25 08:46:00

Hyundai plans to invest $20B in U.S. onshoring, including a $5B steel plant in Louisiana for next-generation steel used in electric vehicles. The announcement is expected Monday at the White House with President Trump, Hyundai Chairman Chung, and Louisiana Gov. Landry. Hyundai competes with Tesla in the EV market.

Source: TheFly

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