© Reuters. Hyundai Motor Group Chairman Euisun Chung delivers remarks together with U.S. President Joe Biden on the automaker’s resolution to construct a brand new electrical car and battery manufacturing facility in Savannah, Georgia, as Biden ends his go to to Seoul, South Okay
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By Heekyong Yang
SEOUL (Reuters) -Hyundai Motor Group mentioned on Sunday it deliberate to take a position an extra $5 billion in america to strengthen collaboration with U.S. companies in superior know-how.
The investments can be made by 2025, paying for actions in robotics, city air mobility, autonomous driving and synthetic intelligence, the group mentioned.
Hyundai Motor Group, which homes Hyundai Motor Co and Kia Corp, on Friday introduced plans to take a position $5.5 billion in Georgia to construct electrical car and battery amenities.
“I’m assured that this new plant in Georgia will assist us grow to be a frontrunner within the America vehicle business almost about constructing prime quality electrical autos for our U.S. prospects,” Hyundai Motor Group Government Chair Euisun Chung instructed a press convention.
The group is among the many world’s 5 greatest automakers by autos gross sales. It didn’t say the place in america the extra $5 billion could be invested.
It made the most recent announcement throughout a go to to South Korea by U.S. President Joe Biden.
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