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Hyundai Motor Group to Increase U.S. Investment to US$26 Billion

The company said the investment will include a new still mill in Louisiana; expanding Hyundai Motor Co. and Kia Corp.’s U.S. auto production capacity; and establishing a state-of-the-art robotics facility with a capacity of 30,000 units annually. 

Hyundai Motor Group said it will increase technology commercialization using its U.S.-based tech affiliates, including Boston Dynamics and Motional. They will also expand collaboration with American companies in future technologies including AI, robotics and autonomous driving. 

The company said the investment will be made between 2025 and 2028. The initiatives are expected to create around 25,000 new direct jobs in the U.S. over the next four years.