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Hyundai plans $5 billion investment in U.S. on mobility technology

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Drew Angerer | Getty Images News | Getty Images

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.

The investment comes alongside the automaker’s recent announcement 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. That facility is expected to open during the first half of 2025 and is projected to have an annual production capacity of 300,000 vehicles.

Some $10 billion of new investment will be used to further Hyundai’s “goal to provide sustainable and…



Source cnbc.com

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