The Hyundai Motor Group said on Sunday it would invest another $ 5 billion in the United States by 2025 to strengthen cooperation with US companies in advanced technology. The investment, announced during a visit to Seoul by President Joe Biden, made for robots, air traffic in cities. , independent driving and artificial intelligence, said the team.
Hyundai Motor Group, owned by Hyundai Motor Co and Kia Corp, on Friday announced plans to invest $ 5.5 billion in Georgia for the construction of electric vehicles (EVs) and battery stations.The new investment brings its planned U.S. total by 2025 to nearly $ 10 billion, more than the $ 7.4 billion announced last year.
Biden told
The world’s third-largest car sales company has not said where in the United States an additional $ 5 billion will be invested.”Thanks to Hyundai, we are part of this ever-changing automotive industry and we are speeding up the road where we will pass on the United States to the entire electric future,” Biden told a news conference.
Standing next to him after the meeting, Hyundai Motor Group chairman Euisun Chung said, “I am confident that this new state-of-the-art Georgia facility will help us become a leader in the American automotive industry in terms of building high quality electric vehicles for our American customers. . “
New EV production facilities and Hyundai batteries will be located in the southern “right of operation” region, where trade unions are less common and may require workers to join.Biden, a Democrat, described himself as the president who supported the union in history. But the agreement, announced by the Georgian governor of the Republic of Georgia, has indicated an agreement the president could make as he seeks to invest overseas.
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