Hyundai Motor Group plans to invest $7.4 billion in the U.S by 2025 to enhance future mobility technologies, according to the company’s press release. The investment will boost future EVs, improve production facilities, and strengthen smart mobility solutions.
Hyundai group, aims to enhance its product competitiveness through the mobility technologies that include electrification and hydrogen energy.
The Group, which includes Hyundai Motor Co. and Kia Corporation, aims to capture the expanding EV manufacturing footprint in the U.S to satisfy market demands.
Hyundai seeks to offer American-made EVs to U.S consumers from next year
The Group will track U.S government policy on EV and market policy to finalize its production plans.
Hyundai Motor Group will collaborate with the U.S government and local private partners to expand the hydrogen ecosystem in the country.
The Group will also launch a Washington D.C subsidiary to grow its Urban Air Mobility, autonomous technologies, and robotics.
Hyundai stock is currently declining. 005380: KRX is down 0.22%
