Hyundai Boosts U.S. Investment to $26B

Hyundai Motor Group has announced an ambitious plan to invest $26 billion in the United States between 2025 and 2028. This significant financial commitment is aimed at bolstering the company’s presence in key sectors such as steel, automotive, and robotics, while also creating substantial job opportunities.

The investment will see Hyundai establish a new steel mill in Louisiana, which is expected to strengthen local supply chains and fortify the U.S. strategic industries. Additionally, the company’s auto production capacity will be significantly expanded, allowing Hyundai to respond more swiftly to the demands of the American market.

In a move to solidify its technological footprint, Hyundai will also set up a robotics facility with an annual capacity of 30,000 units, positioning it as a central hub for robotics in the United States. The comprehensive investment plan is projected to generate 25,000 direct jobs by the end of 2028, marking a major contribution to the U.S. economy and industrial landscape.