Hyundai Motor Group will invest an additional $5 billion in the United States by 2025, on top of $5.5 billion it is already pledged to invest in Georgia to build electric vehicles and EV batteries. The investments were announced during a visit to Seoul by President Joe Biden, and will be focused in robotics, urban air mobility, autonomous driving and artificial intelligence.

“Hyundai and any company investing in the United States would benefit greatly from entering into partnerships with some of the most highly skilled, dedicated, and engaged workers in the world, anywhere you can find; and that is American union members. Every venture to manufacture electric vehicles and electric vehicle batteries would be made stronger by a collective bargaining relationship with our unions,” Biden said.

It was not specified where in the United States the additional $5 billion would be invested.

 

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