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– HMG to invest more than USD 10 billion in US by 2025 to secure future growth
– Investment to support HMG global position as first mover in innovation and next-generation mobility solutions and contributes to US manufacturing
– HMG on May 20 announced a USD 5.54-billion new EV & battery manufacturing facilities in Georgiato lead electrification era in the US
– HMG investment will support development of key future businesses, including robotics, AI technologies, advanced air mobility and autonomous driving capability
– Investment will also be made to enable HMG to explore new business areas in the US
– HMG will continue to invest into and upgrade its US R&D operations to develop world-class vehicles by Hyundai, Kia and Genesis brands
SEOUL, May 22, 2022 /PRNewswire/ — Hyundai Motor Group (HMG), a global enterprise that has created a value chain based on mobility and is working to support a better future for humanity, reaffirmed today its commitment to expanding investment in the US to further its goal to provide sustainable and smart mobility solutions to its US
The Group’s plans, which involves more than USD 10 billion investment, are designed to accelerate innovation and mobility electrification. The move supports carbon neutrality goals with new technologies and contributes to manufacturing in the US
Earlier this week, Hyundai Motor Group disclosed a
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