Hyundai Plans $5 Billion Investment in U.S. on Mobility Technology Such as Autonomous Driving and Robotics

📆 5/22/2022 11:15 PM
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The operations are expected to open during the first half of 2025, with an annual production capacity of 300,000 vehicles,

Hyundai Motor announced on Sunday that it plans to spend $5 billion in the U.S. on developing mobility solutions such as autonomous driving and robotics.

Last week, Hyundai said it would spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S.Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I.of a plan to spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S., located outside of Savannah, Georgia.

Some $10 billion of new investment will be used to further Hyundai's"goal to provide sustainable and smart mobility solutions," the company said.Download NBC 5 Dallas-Fort Worth

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