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Hyundai Motor Group to invest more than $10 billion in US up to 2025

Hyundai Motor Group on Friday announced plans to invest $5.5 billion in Georgia to build EV and battery facilities.

Hyundai
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Hyundai Motor Group said on Sunday it would invest an addi­tional $5 billion in the US 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 on Friday announced plans to invest $5.5 billion in Georgia to build EV and battery facilities.

The new investment brings its planned US total through 2025 to about $10 billion, above the $7.4 billion it announced last year.

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First Published: May 23 2022 | 2:28 AM IST

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