Hyundai Automotive Corporation to Maintain American Manufacturing, Parts Supply, and Workforce
Hyundai Motor Group has unveiled plans to invest a staggering $21 billion in the US market between 2025 and 2028. This significant investment aims to bolster the company's manufacturing footprint, accelerate technological innovation, and expand energy infrastructure in the United States.
Key components of the investment include:
Production Expansion
The automotive giant plans to increase its US annual production capacity to 1.2 million vehicles across its Hyundai, Kia, and Genesis brands. To achieve this, Hyundai will allocate $9 billion towards expanding its automotive production capabilities.
Technological Advancements
Hyundai is investing $6 billion towards the development of autonomous driving, robotics, artificial intelligence (AI), and advanced air mobility (AAM) technologies. The company aims to accelerate Level 4 autonomous driving technologies between 2025 and 2028.
In addition, $6 billion will be dedicated to automotive component localization and electric vehicle (EV) parts production. This move strengthens supply chain resilience, particularly for steering systems and other critical components.
Job Creation
The investment is expected to create over 100,000 jobs in the US, significantly supporting economic growth and job creation during this period.
Advanced Tech Development
Hyundai is focusing on technological advancements, including enhancing autonomous driving, robotics, and next-generation automotive components such as electric power steering and steer-by-wire systems. These advancements are critical to EV and smart vehicle development.
Although specific projects related to energy infrastructure expansion were not detailed, the commitment to supply chain localization for EV parts suggests a strategic push toward more sustainable and resilient manufacturing capabilities.
The Timeline
The timeline for this investment is firmly set for the 2025 to 2028 period, with major financial commitments confirmed as of March 2025.
Hyundai Motor Group's Latest Investment
This latest investment builds upon a cumulative $20.5 billion investment since its US debut in 1986. The company is also partnering with industry leaders such as NVIDIA, Boston Dynamics, Holtec International, and Hyundai Engineering & Construction to drive innovation and strengthen its position in the evolving automotive market.
The company is also set to open its Hyundai Motor Group Metaplant America in Georgia, the largest economic development project in the state's history. The facility, completed in just two and a half years, is expected to play a crucial role in Hyundai's vision for sustainable and technologically advanced manufacturing in the United States.
In addition, Hyundai Motor Group will supply autonomous robotaxis to Waymo and co-develop self-driving services with Aptiv. The company is also expanding EV charging networks through the IONNA charging alliance.
In conclusion, Hyundai Motor Group's $21 billion U.S. investment plan between 2025-2028 combines production expansion, supply chain strengthening, advanced tech development in autonomous and electric vehicle parts, and large-scale job creation. This reinforces its position in the evolving automotive market and contributes to U.S. economic growth.
- Hyundai Motor Group's investment in the US market will not only bolster the company's manufacturing footprint, as initially stated, but also allocate $6 billion towards technological advancements in autonomous driving, robotics, artificial intelligence, and advanced air mobility.
- As part of its $21 billion investment plan, Hyundai Motor Group will focus on technological advancements, including next-generation automotive components such as electric power steering and steer-by-wire systems, not only to accelerate Level 4 autonomous driving technologies, but also to support electric and smart vehicle development.
