Hyundai Motor Group to Invest $21 Billion to Expand Manufacturing and Future Technologies in U.S.

Specifications:

Name:

Hyundai Motor Group to Invest $21 Billion to Expand Manufacturing and Future Technologies in U.S.

Location:

USA

Company:

Hyundai Motor Group

Estimated Cost:

$21 Billion

Source:

https://www.hyundai.com/

Introduction:

Hyundai Motor Group has announced a major investment of USD 21 billion in the United States, planned between 2025 and 2028.

Features:

USD 9 billion will be invested to establish an annual production capacity of 1.2 million vehicles in the U.S., covering Hyundai Motor, Kia, and Genesis brands.

USD 6 billion will be allocated to develop future industries, strengthen partnerships, and enhance energy infrastructure, including EV charging networks.

Collaboration with NVIDIA to accelerate AI solutions for future mobility, including autonomous driving and robotics.

Expansion of R&D with Supernal, Hyundai’s U.S. affiliate in the Advanced Air Mobility (AAM) sector, targeting commercialization of an eVTOL vehicle by 2028.

The investment is expected to create 14,000 new direct full-time jobs in the U.S., with an overall economic impact generating over 100,000 direct and indirect jobs across related industries.