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Hyundai to invest an additional $5 billion in the US by 2025

Hyundai to invest an additional $5 billion in the US by 2025

CNN

Hyundai Motor Group said on Sunday it would invest an additional $5 billion in the United States by 2025 to strengthen collaboration with US firms in advanced technology.

The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial intelligence, the group said.

Hyundai Motor Group, which houses Hyundai and Kia, on Friday announced plans to invest $5.5 billion in Georgia to build electric vehicle (EV) and battery facilities.

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