Hyundai Boosts U.S. Investment To $26 Billion

Back in March, Hyundai Motor Group announced it would expand its presence in the U.S. with a $21 billion dollar investment between 2025-2028.  Now, Hyundai has announced it will add another $5 billion to that - upping the total amount to $26 billion. Hyundai says it expects its investment to expand the Group’s footprint in strategic industries, including steel, automotive, and robotics. 

Hyundai says key highlights of its investment include:

• Strategic Steel Manufacturing: The automaker says it plans to build a new steel mill in Louisiana to support strategic U.S. industries such as automotive manufacturing, strengthening local supply chains and industrial resilience.
• Expanding U.S. Auto Production Capacity: Hyundai Motor Company and Kia Corporation, the Group’s automotive affiliates, will substantially expand their U.S. auto production capacity, strengthening the Group’s ability to meet the evolving needs of American consumers with greater speed and efficiency.
• Robotics Innovation Hub: The Group will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units, serving as a U.S. hub for design, manufacturing, testing, and deployment. The automaker says the initiative will position Hyundai Motor Group at the forefront of the global robotics ecosystem.

Hyundai Motor Group says through these initiatives it expects to create around 25,000 new direct jobs in the U.S. over the next four years.

The automaker says it's also accelerating technology commercialization through its U.S.-based tech affiliates — Boston Dynamics for robotics and Motional for autonomous driving — while also expanding collaboration with leading American companies in future technologies, including AI, robotics, autonomous driving.

Since entering the U.S. market in 1986, Hyundai Motor Group says it's invested more than $20.5 billion in the U.S and says its latest investment underscores the Group’s unwavering commitment to the U.S. economy and its role as a trusted partner in driving innovation, sustainability, and long-term prosperity.