Market: Hyundai will invest more than 10 billion dollars in the United States until 2025

SEOUL (Reuters) – Hyundai Motor Group said on Sunday it would invest an additional $5 billion (4.7 billion euros) in the United States by 2025 to boost collaboration with U.S. companies in the field of advanced technologies.

The investments, announced during a visit by US President Joe Biden to Seoul, relate to robotics, urban air mobility, autonomous driving and artificial intelligence, the group said.

Hyundai Motor Group, which includes Hyundai Motor Co and Kia Corp, on Friday announced plans to invest $5.5 billion in the US state of Georgia to build electric vehicle (EV) and battery factories.

This new investment brings the total amount of investments planned by the group in the United States until 2025 to around 10 billion dollars, more than the 7.4 billion dollars announced last year.

(Report Trevor Hunnicutt, Heekyong Yang and Jack Kim; French version Camille Raynaud)

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