Hyundai Motor Group to invest more than US$10-billion in the United States up to 2025

Hyundai Motor Group said on Sunday it would invest an additional US$5-billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology.

Hyundai Motor Group, which houses Hyundai Motor Co and Kia Corp, on Friday announced plans to invest US$5.5-billion in Georgia to build electric vehicle and battery facilities. Biden, a Democrat, has described himself as the most pro-union president in history. But the deal, announced by Georgia’s Republican governor, showed the compromises the president may have to make as he woos investment overseas.

“Every venture to manufacture electric vehicles and electric vehicle batteries would be made stronger by a collective bargaining relationship with our unions.”The new investment brings its planned U.S. total through 2025 to about US$10-billion, above the US$7.4-billion it announced last year.

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