Hyundai plans $5 billion investment in the U.S.

Hyundai Motor announced on Sunday that it wants to invest $5 billion in the United States by 2025 to advance mobility technologies such as autonomous driving, robots, and artificial intelligence.

The investment comes on the heels of the automaker’s recent announcement of a $5.54 billion plan to construct its first dedicated electric vehicle and battery manufacturing facilities in the United States, just outside of Savannah, Georgia. The plant is anticipated to open in the first half of 2025, with a manufacturing capacity of 300,000 automobiles per year.

Hyundai plans to invest $10 billion to further its goal of providing sustainable and smart mobility solutions, according to the firm.

Hyundai aims to be one of the top three electric car providers in the United States by 2026 and is one of several global automakers constructing new supply chains and manufacturing facilities in the United States to take advantage of the category’s predicted decade-long exponential development.

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