Hyundai Motor Group will invest 8.1 trillion won in the US by 2025 to produce electric vehicles, improve production facilities, and increase its presence in the smart mobility solutions area.
South Korea's top automaker, Hyundai Motor Co., plans to produce EVs in its Alabama plant starting next year while its affiliate Kia Corp. plans to roll out EVs in its Georgia plant.
Hyundai and Kia will finalize their plan depending on the market conditions and US government EV policy, it said.
The South Korean automotive group, which didn't provide the investment breakdown, expects to enhance its competitiveness by prioritizing future mobility technologies, including electrification and hydrogen energy.
The automaking group will also work with the U.S. government and business partners in expanding the US hydrogen energy ecosystem and offer its NEXO hydrogen fuel cell electric vehicles.
Investments will also be made in robotics and autonomous driving technologies.


Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 



