Hyundai Motor Group Increases US Investment as the Group Targets Innovation and Mobility Leadership

Lyle Ellerbee
  • HMG to commit more than USD 10 billion in US by 2025 to lead potential mobility options

  • Expenditure to support HMG worldwide position as to start with mover in innovation and upcoming-generation mobility options to contribute to U.S. production

  • HMG on May 20 announced a USD 5.54 billion new EV & battery manufacturing amenities in Georgia, to lead electrification era in the US

  • HMG expense will guidance improvement of key long run organizations, such as robotics, AI systems, advanced air mobility and autonomous driving functionality

SEOUL, South Korea, Might 23, 2022 /PRNewswire/ — Hyundai Motor Group (HMG) is expanding its financial commitment to far more than USD 10 billion by 2025 to further more its goal to direct sustainable and intelligent mobility options in the U.S.

Euisun Chung, Executive Chair of Hyundai Motor Group, following his meeting with U.S. President Joe Biden in Seoul on May 22nd, announced the Group's plan to invest more than USD 10 billion in US by 2025 to lead future mobility solutions.

Euisun Chung, Govt Chair of Hyundai Motor Group, adhering to his assembly with U.S. President Joe Biden in Seoul on May 22nd, declared the Group’s approach to invest additional than USD 10 billion in US by 2025 to direct potential mobility answers.


The Group’s financial commitment designs are developed to accelerate innovation and mobility electrification. The transfer supports carbon neutrality targets with new technologies and will lead to manufacturing in the U.S.

“We have appear a extended way and turn out to be incredibly prosperous in a quick interval of time, but we are also making ready for our potential,” mentioned Euisun Chung, Executive Chair of Hyundai Motor Group, adhering to his conference with U.S. President Joe Biden in Seoul on May well 22nd. “The Team will fortify our partnership with U.S. general public and non-public entities to provide ground breaking products and mobility alternatives to our valued shoppers in the U.S. even though supporting world-wide carbon neutrality initiatives,” included Chung.

This follows the announcement very last week in which Hyundai Motor Group disclosed a USD 5.54 billion approach to establish its very first committed U.S. EV and battery production services in the Condition of Ga to establish a huge vary of progressive electrical autos for its U.S. buyers.

The new facility, located on a dedicated 2,923-acre web-site in Bryan County, Ga, will break ground in early 2023 and is expected to start out professional production in the 1st 50 percent of 2025 with an annual capacity of 300,000 models. The new facility will assist HMG guide the U.S. vehicle market’s EV transition and the Group’s roadmap to be just one of leading a few EV vendors in the U.S. by 2026, aiding to improve U.S. innovation and production.

The new plant will implement quite a few of HMG’s sophisticated intelligent production technologies, boasting a extremely related, automated, and flexible manufacturing system, which organically connects all aspects of the EV ecosystem to realize purchaser price. As section of the Group’s determination to sustainability, the plant will largely depend on renewable electrical power sources to electrical power the facility and use emission-reduction systems to meet the RE100 needs.

As 1 of the world wide leaders in innovation, HMG has allocated a sequence of added expenditure to foster important potential enterprises these kinds of as robotics, highly developed air mobility (AAM), autonomous driving, and synthetic intelligence (AI). The financial investment will permit HMG to supply diverse mobility solutions and providers with better protection and benefit.



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