Hyundai Motor Group commits $21 billion to U.S. growth through 2028, boosting EV production, supply chains, mobility innovation, and job creation across key sectors.

Hyundai Motor Group Announces $21 Billion Investment to Accelerate U.S. Growth

Hyundai Motor Group commits $21 billion to U.S. growth through 2028, boosting EV production, supply chains, mobility innovation, and job creation across key sectors.

Hyundai Motor Group has announced a major USD 21 billion investment in the United States, set to unfold between 2025 and 2028.

This multi-pronged initiative aims to boost the Group’s manufacturing footprint, strengthen its supply chains, expand its future mobility capabilities, and enhance energy infrastructure. The investment is expected to generate over 100,000 direct and indirect jobs, including 14,000 full-time positions.

A USD 9 billion portion will go toward scaling up U.S. vehicle production capacity to 1.2 million units annually across the Hyundai, Kia, and Genesis brands.

This includes upgrades to Hyundai Motor Manufacturing Alabama and Kia Autoland Georgia to meet rising demand and improve product quality.

Another USD 6 billion will support efforts to localize key automotive components—especially for EVs—and strengthen logistics and steel supply.

Hyundai Steel will build a low-carbon Electric Arc Furnace (EAF) mill in Louisiana with an annual capacity of 2.7 million tons, aimed at increasing sustainability and agility in the Group’s steel operations.

The final USD 6 billion will fuel innovation in future mobility and energy. Hyundai plans to deepen collaborations with U.S. partners in robotics, AI, autonomous driving, and advanced air mobility.

This includes initiatives with Boston Dynamics, NVIDIA, and Aptiv, as well as R&D with Supernal to commercialize eVTOL vehicles by 2028. The Group is also investing in clean energy, including SMR technology through Hyundai Engineering & Construction’s work with Holtec International, and expanding EV charging networks via the IONNA alliance.

These efforts will be showcased during the grand opening of Hyundai Motor Group Metaplant America (HMGMA) in Georgia this week.

The facility, developed in record time, stands as the largest economic project in Georgia’s history and reflects Hyundai’s broader commitment to driving innovation and job creation in the U.S., with over 570,000 jobs currently supported nationwide.

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