Hyundai Motor Group Executive Chairman Euisun Chung (R) shakes hands with Nvidia Corp. CEO Jensen Huang during a roundtable meeting with South Korean and U.S. business leaders at a Washington hotel on Aug. 25, 2025. (Yonhap)
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s automotive giant Hyundai Motor Group has decided to increase to US$26 billion its investment commitment to the United States over the next four years, with a focus on steel, automobiles and robotics, the group said Tuesday.
The investment, which was unveiled following President Lee Jae Myung’s first summit with U.S. President Donald Trump in Washington on Monday (U.S. time), marks a sharp rise from the $21 billion pledge made in March.
“Through the investment, Hyundai Motor Group will respond to U.S. government policies and expand business opportunities in various areas to bolster its future competitiveness in areas including the mobility sector,” the company said in a release.
Under the plan, Hyundai will build a steel plant in the U.S. state of Louisiana with an annual production capacity of 2.7 million tons, providing quality low-carbon steel for key strategic industries.
Hyundai Motor Group Metaplant America (HMGMA) located in Ellabell, Savannah, Georgia, USA. (Image courtesy of Hyundai Motor)
“When completed, the Louisiana plant will help Hyundai Motor Group establish a value chain connecting steel, parts and finished cars,” the company said.
Hyundai added its production capacity of finished cars in the U.S., which stood at 700,000 units last year, will “expand significantly” to cover various lineups, including electric vehicles (EVs) and hybrid models, without specifying figures.
In March, the company vowed to expand that capacity to 1.2 million units.
The group also said it will build a robot factory in the United States with a production capacity of 30,000 units, without elaborating on the timeline or location.
Hyundai has been pushing to establish a hub for its robotics business led by Boston Dynamics, its robotics design firm.
(Yonhap)
