By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Driving Trade Forward: AfCFTA, AGOA,BRICS and the Tariffs – All On The Menu At Automechanika CEO Breakfast
    May 9, 2025
    Toyota Expands Commitment to Hydrogen Society with Fleet, Infrastructure and Next-Gen System Debut
    April 30, 2025
    Ford is Ready to Tackle the Simola Hillclimb with Over 6 000 Horsepower
    April 30, 2025
    LDV (Maxus as Known in China) Makes a Bold Statement at Shanghai Motor Show
    April 30, 2025
    Upcoming OMODA C3 redefines the crossover with cyber-mecha aesthetics
    April 29, 2025
  • Bikes
    BikesShow More
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
    The Panigale V4 honoured with the prestigious iF Design Award
    March 30, 2025
    BMW Motorrad presents the new BMW R 12 G/S
    March 29, 2025
  • News
    NewsShow More
    SEAT S.A. celebrates 75 years
    May 9, 2025
    Lucid Strengthens Leadership Team as Company Prepares for Growth
    May 8, 2025
    GWM Sells Over 100,000 Vehicles in April, Up 5.55% Year-on-Year
    May 8, 2025
    296 LMGT3s head to Belgium for 2025 6 Hours of Spa
    May 8, 2025
    Toyota Announces April Through March 2025 Financial Results
    May 8, 2025
  • Concepts
    ConceptsShow More
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
    Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
    April 4, 2025
    BMW Group reveals revolutionary electric drive concept with 800V technology for the Neue Klasse
    February 24, 2025
    Audi unveils Q6 e-tron offroad concept
    January 28, 2025
  • EVs
    EVsShow More
    Enviro Automotive Unleashes Cutting-Edge 4×4 EVs and Unprecedented Price Reductions
    May 9, 2025
    Mercedes-Benz and The Mobility House Launch Europe-Wide Partnership for Smart Home Charging
    May 9, 2025
    Coming soon: the new Volvo XC70
    May 8, 2025
    Isuzu begins production of D-MAX EV pickup truck in Thailand
    May 2, 2025
    Rethinking the way we perceive, design and use electric LCVs with Renault Trafic, Goelette and Estafette
    May 2, 2025
  • Motosport
    MotosportShow More
    Ferrari in action at Laguna Seca, Nürburgring and Indonesia
    May 9, 2025
    TOYOTA GAZOO Racing gears up for gruelling gravel rallies
    May 9, 2025
    Porsche Penske Motorsport aims to maintain IMSA winning streak in the USA
    May 9, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    TGR ready for South African Safari Rally as W2RC resumes
    May 8, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    Successful together: representatives of the 12 project partners of the ATLAS-L4 project at the closing event in Penzing with Ernst Stöckl-Pukall, Head of the “Digitalization and Industry 4.0” department at the Federal Ministry of Economics (first row, second from right) and Georg Grüneißl, Head of Product Strategy and Planning at MAN Truck & Bus, representing the project consortium leader (first row, center)
    Goal achieved: the driverless truck on the road becomes reality
    May 8, 2025
    Volvo’s gas-powered trucks on the rise – enabling up to 100% CO2 reduction
    May 5, 2025
    Mercedes-Benz Trucks aims to win a GUINNESS WORLD RECORDS title with eActros 600
    May 2, 2025
    MAN again with rising order intake
    April 29, 2025
    Volvo reaches milestone with 5,000 electric trucks sold worldwide
    April 29, 2025
  • Reviews
    ReviewsShow More
    Sporty meets efficiency: the new Audi A6 plug-in hybrid models
    May 7, 2025
    THE ROLLS-ROYCE PHANTOM AT 100 YEARS
    May 4, 2025
    Introducing the 2026 Lucid Gravity Grand Touring
    April 16, 2025
    TGR to Launch Evolved GR Yaris
    April 14, 2025
    Connected development: the Audi A6 Avant as the perfect travel companion
    April 9, 2025
  • Tech
    TechShow More
    Hyundai Motor Group Delivers Enhanced In-Car Experience Through Equinix Data Centers Globally
    May 8, 2025
    Artificial intelligence as a quality booster
    April 28, 2025
    Kia Introduces AI Voice Assistant to Enhance Connectivity and Driver Experience
    April 16, 2025
    Bentley employs pioneering AI technology in the quest for leather perfection
    April 15, 2025
    Bandai Namco, AirConsole and Volkswagen bring PAC-MAN into the vehicle
    April 15, 2025
Hot News
Ferrari in action at Laguna Seca, Nürburgring and Indonesia
SEAT S.A. celebrates 75 years
TOYOTA GAZOO Racing gears up for gruelling gravel rallies
Enviro Automotive Unleashes Cutting-Edge 4×4 EVs and Unprecedented Price Reductions
Driving Trade Forward: AfCFTA, AGOA,BRICS and the Tariffs – All On The Menu At Automechanika CEO Breakfast
Latest News

Lamborghini Revuelto – launch success covers orders spanning two years

Electric Vehicles

Škoda powers up production of its most affordable all-electric model Elroq

Motosport

Thierry/Martijn master Monte-Carlo

Auto Shows

The Cape 1000 Roars Back: South Africa’s Premier Motoring Event Returns in March 2025

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

Hyundai Motor Group Commits to U.S. Growth with USD 21 Billion Investment

Itumeleng Garebatshabe
Last updated: March 25, 2025 10:59
By Itumeleng Garebatshabe
137 Views
5 Min Read
Share
5 Min Read
SHARE
  • The Group to invest a total of USD 21 billion in the U.S. from 2025 to 2028
  • USD 9 billion to expand U.S. automobile production to 1.2 million units annually
  • USD 6 billion to enhance parts, logistics and steel business, increasing the localization of auto parts and strengthening supply chains
  • USD 6 billion to expand future industries and strengthen external partnerships and energy infrastructure, including EV charging
  • Investment is expected to create more than 100,000 direct and indirect job opportunities by 2028, including 14,000 direct full-time jobs

Hyundai Motor Group (the Group) is announcing a significant investment of USD 21 billion in the United States from 2025 to 2028.

This commitment reflects the Group’s strategic focus on expanding its manufacturing capabilities, advancing future technologies, and enhancing energy infrastructure in America. This latest U.S. investment builds on the Group’s existing allocation of approximately USD 20.5 billion since entering the U.S. market in 1986.

- Advertisement -
Ad image

“Hyundai Motor Group is deepening its partnership with the United States, reinforcing our shared vision for American industrial leadership. The Group’s investment and efforts will further expand our operations in the U.S. and grow our American workforce. Thank you to our American partners, employees, and communities. We’re proud to stand with you, and proud to build the future together.”

Expanding automotive production capacity

To reinforce its production capabilities, the Group will invest a total of USD 9 billion to establish an annual production capacity in the U.S. of 1.2 million vehicles across its automotive brands, Hyundai Motor, Kia, and Genesis.

In addition, the Group plans to invest in improving its production facilities, including Hyundai Motor Manufacturing Alabama and Kia Autoland Georgia, to further enhance its customer-centric approach in delivering high-quality automobiles.

Enhancing parts localization and logistics to strengthen supply chain

A total of USD 6 billion will be allocated to increase the localization rate of automotive components – including core parts for electric vehicles (EVs), such as battery packs – to form an auto cluster following expansion of the Group’s production facilities, as well as strengthening Group logistics to ensure robust supply chains and investing in steel production in the U.S.

Hyundai Steel, the Group’s steel affiliate, will construct an Electric Arc Furnace (EAF) steel mill in the state of Louisiana, capable of producing 2.7 million tons of steel annually. This facility will produce low-carbon steel sheets using the abundant supply of steel scrap in the U.S. with the aim of enhancing the Group’s agility and flexibility in response to external uncertainties.

Strengthening collaboration in future industries and investing in energy infrastructure

The Group will invest USD 6 billion to drive innovation and expand strategic partnerships with U.S. companies in areas including autonomous driving, robotics, artificial intelligence (AI), and advanced air mobility (AAM).

Key initiatives include:

  • Collaborating with Boston Dynamics to expand the U.S. ecosystem for robotics components and establish a mass-production system
  • Partnering with NVIDIA to accelerate the development of AI solutions for future mobility, including autonomous driving and robotics
  • Advancing R&D with Supernal, the Group’s US affiliate for AAM business, to commercialize an eVTOL vehicle by 2028
  • Supplying robotaxis to Waymo as part of its strategic partnership with Hyundai Motor Company, and co-developing autonomous driving services with Aptiv
  • Investing potential startups through venture capital and other funding mechanisms to support U.S. startups specializing in mobility, robotics, and AI

As part of its USD 6 billion commitment, the Group will also invest in energy infrastructure projects to secure new business opportunities and contribute to the development of sustainable energy generation, including:

  • Strategic cooperation between Hyundai Engineering & Construction Holtec International on Small Modular Reactor (SMR) technology
  • Establishing infrastructure to bolster use of renewable energy
  • Investing in IONNA EV charging alliance to expand infrastructure

Through these investments, the Group anticipates it will create 14,000 new direct full-time jobs in the U.S. by 2028. The overall economic impact is expected to generate more than 100,000 direct and indirect job opportunities across related industries.

The Group plans to hold its Hyundai Motor Group Metaplant America Grand Opening celebration in Georgia, U.S., later this week, marking the completion of the largest economic development project in Georgia’s history, just two and a half years after breaking ground.

HMGMA exemplifies HMG’s dedication to driving economic growth, furthering technological advancements, and delivering sustainable solutions to the U.S. market, creating or supporting over 570,000 jobs nationwide.

TAGGED:Hyundai Motor GroupinvestmentUnited States

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Latest News

Hyundai Motor Group Partners with NVIDIA to Accelerate Development of AI Solutions for Future Mobility

By Itumeleng Garebatshabe
January 13, 2025
Trucks & Buses

Hyundai Motor Premieres Commercialized Model

By Itumeleng Garebatshabe
May 3, 2023
Latest News

Premiere of New Mazda CX-70 Crossover SUV

By Itumeleng Garebatshabe
January 31, 2024
Electric Vehicles

MOTIONAL IONIQ 5 ROBOTAXI TO BE MANUFACTURED AT NEWHYUNDAI MOTOR GROUP INNOVATION CENTER SINGAPORE

By Itumeleng Garebatshabe
November 21, 2023
Latest News

Hyundai Motor Group Hosts 2023 IDEA Festival

By Itumeleng Garebatshabe
September 26, 2023
Latest News

Hyundai Motor Group to Donate USD 1.1 Million for Moroccan Earthquake and Libya Flood Recovery

By Itumeleng Garebatshabe
September 19, 2023

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner