Hyundai Motor Group increases US investment to $26 billion
FILE PHOTO: Logo of Hyundai Motor Group on a car outside an automobile showroom is pictured in New Delhi, India, September 6, 2024. REUTERS/Ainnie Arif/File Photo
SEOUL :South Korea's Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.
Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S.
Source: Reuters
