Hyundai Motor Group to Invest USD 26 Bn in US by 2028

Hyundai Motor Group (the Group) announced sharply higher US investments amounting to USD 26 billion between the years 2025 and 2028, reinforcing once again South Korea's global industrial dominance and leadership in innovation.

The new pledge comes on top of the USD 21 billion announced in March 2025 and comprises an added USD 5 billion in strategic sectors of automotive, steel, and robotics.

The Group stated the plans are to generate 25,000 direct U.S. jobs that will enhance both economies.

The key highlight is the construction of a new steel mill in Louisiana, strengthening supply chains in the United States while demonstrating Korea's cutting-edge steelmaking capabilities.

Key highlights:

• Hyundai Motor Group to invest USD 26 bn in US between 2025 to 28
• The new establishment will include new steel mill, expanded auto capacity, and robotics hub
• 25,000 new US jobs expected which will be strengthening Korea and US industrial ties

The Group will also greatly increase U.S. auto production capabilities by Hyundai Motor Company and Kia Corporation, allowing for greater responsiveness to consumer needs in America. Moreover, a cutting-edge robotics center with a 30,000-unit annual capacity will see the Group leading the way in robotics design, testing, and implementation.

"This investment is an expression of our confidence in the United States as a key partner for Korea's long-term industrial development. It also shows how Korean innovation is directly contributing to global supply chains and sustainable industries," added a Hyundai Motor Group spokesman in Seoul.

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The Group will also speed up technology commercialization through Boston Dynamics and Motional while strengthening partnerships with American companies in AI, robotics, and autonomous driving.

"Since arriving in the U.S. in 1986, Hyundai has been a bridge connecting Korea and America. This ambitious move reaffirms our dual dedication to Korea's technological leadership and America's economic strength," the spokesman said.