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Hyundai announces $US21 billion investment in the United States, focusing on EVs, batteries, and strategic partnerships
Mar 25, 2025•about 1 year ago
Contract Type
partnership
PhoenixAutomotive
Description
Hyundai has committed to investing $US21 billion in the United States over the next three years, with a major focus on expanding local production capacity and building a new steel plant in Louisiana. The investment includes a significant amount for the establishment of annual local production capacity for electric vehicles and an emphasis on localizing the supply of automotive components. Additionally, Hyundai is dedicating a portion of the investment to drive innovation and expand strategic partnerships with US companies in various technological areas.
Company Information
Company
Hyundai
Location
75 Frontenac Dr
Phoenix, Arizona, United States
About
Hyundai Auto Canada Corp. is headquartered in Markham, Ontario and is a subsidiary of Hyundai Motor Company of Korea. Hyundai markets a full line-up of award winning vehicles from subcompact to sport utility to luxury and is committed to providing world-class vehicles that over-deliver on quality, safety and design.
Hyundai entered the Canadian market in 1983 and has grown into one of the best selling foreign manufacturers in Canada. Hyundai’s success can be contributed to the Company’s commitment to quality, safety and design which is reflected in the numerous awards won by our vehicles.
PhoenixAutomotive