Hyundai Motor Group will boost its U.S. investment to $26 billion over the next four years, targeting steel, automotive, and robotics production. The plan includes a new low-carbon steel plant in Louisiana, increasing U.S. car production to 1.2 million units annually, and a robotics facility producing 30,000 units per year. The move marks a sharp increase from Hyundai’s earlier $21 billion pledge and underscores its bid to align with U.S. industrial and mobility goals.
ET Auto reported:
The new pledge marks a sharp increase from Hyundai’s $21 billion investment plan unveiled in March.
“Through the investment, Hyundai Motor Group will respond to US government policies and expand business opportunities in various areas to bolster its future competitiveness in the mobility sector,” the company said in a statement.
As part of the plan, Hyundai will build a steel plant in Louisiana with an annual production capacity of 2.7 million tonnes. The facility will supply low-carbon steel for strategic industries and support the group’s integrated value chain, linking steel, auto parts, and finished vehicles.
Hyundai also aims to ramp up its US car production capacity. The company, which produced around 700,000 units last year, has committed to expanding significantly across multiple lineups, including electric and hybrid vehicles. In March, it had pledged to scale production to 1.2 million units annually.
Further, the automaker will establish a robotics plant in the US with an annual capacity of 30,000 units. The new unit is expected to strengthen Hyundai’s robotics business, spearheaded by Boston Dynamics, though details on location and timelines were not disclosed.
