Hyundai plans to invest US $ 10 billion in mobility in the US – Auto Industry

The Hyundai Motor Group, HMG, has announced plans to expand its investment in the United States. The South Korean group plans to spend more than $ 10 billion by 2025 to expedite the commissioning of various operations and electrification of its vehicles.

This week, for example, the company defined that $ 5.54 billion would be sent to the first industrial facility in the state of Georgia dedicated to the production of new electric vehicles and batteries. With this production boost, Hyundai has realized that by 2026 it will be one of the three largest manufacturers of electric vehicles in the United States.

The future unit is a project that will create more than 8,000 jobs, which is expected to start operating in the first half of 2025 with an annual capacity of 300,000 cars. According to Hyundai, the plant will rely mainly on renewable energy sources for intelligent, highly connected, automated and flexible assembly lines.

Yusun Chung, executive chairman of Hyundai Motor Group, said after meeting US President Joe Biden in South Korea that “we are preparing for our future.” Hyundai plans to sell 3.2 million electric vehicles worldwide Annually until 2030.

Most of the resources in the United States will be sent to other areas of the movement, such as advanced air movement, automation and artificial intelligence. The group’s latest investment in the acquisition of Boston Dynamics and Motional, founded in 2020 with Aptiv, will be partnered by a partnership that is already testing robotics services on public roads.

“The team will support Motional to make driverless technology safe, reliable and accessible to customers in the United States and other parts of the world,” the company said in a statement.

HMG enhances technologies and infrastructure in the area of ​​advanced air movement. Developed last year and headquartered in the US capital, Washington, with a super arm, Hyundai aims to integrate aircraft into urban travel. Faster: The goal is to implement the business service by 2028.

Like today’s ride-sharing platforms – the idea of ​​using a single application for travelers to plan their trip throughout the day, including going to “Verteport” by car or train and then taking eVTOL to travel by plane! Use the power point to get to the farthest point of the city and then to the last mile.

Read more

⁇ Iveco and Hyundai joint venture

Photo: Revelation