Hyundai Motor Group said it will raise its planned spending in the United States to $26 billion through 2028, an increase of $5 billion over the commitment announced earlier this year. The South Korean manufacturer, whose brands include Hyundai, Genesis and Kia, said the additional capital will broaden its manufacturing footprint beyond cars into steel and robotics. A centrepiece of the plan is a state-of-the-art robotics plant that will be able to assemble roughly 30,000 units annually and serve as the company’s U.S. design, testing and implementation hub for automation technologies. Hyundai also outlined intentions to build a new steel facility in Louisiana and to expand vehicle output at its Alabama and Georgia factories. The group expects the broader programme to raise its direct U.S. workforce to about 25,000, from a previously projected 14,000, as it positions itself to meet growing local-content requirements and shelter operations from trade frictions. The announcement follows a string of recent expansion moves by global automakers in the United States amid the Trump administration’s emphasis on domestic manufacturing.
Trump highlights progress in U.S. domestic manufacturing production https://t.co/mkebXyX1er https://t.co/SnySnmfwAu
Hyundai Motor eleva su inversión en Estados Unidos a los 26.000 millones de dólares hasta 2028 https://t.co/wYpVuJFTYS
President Trump: "Domestic steel production is up by 100,000 tons of steel a week." https://t.co/SVxCweEN3q