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Hyundai Motor said on Sunday that it plans to invest $ 5 billion in the United States by 2025 to further develop mobility technologies in areas such as autonomous driving, robotics and AI.
The investment comes along with the latest ones from car makers publication It is one of the plans to spend $ 5.54 billion to build the first dedicated electric vehicle and battery manufacturing facility in the United States outside Savannah, Georgia. The facility is scheduled to open in the first half of 2025 and is expected to have an annual production capacity of 300,000 units.
The company said about $ 10 billion of new investment will be used to drive Hyundai’s “goal to provide sustainable and smart mobility solutions.”
Hyundai aims to become one of the top three electric vehicle providers in the United States by 2026 and is a global vehicle that will establish new supply chains and production facilities in the United States to take advantage of what is expected. It is one of the manufacturers. 10 years before the exponential growth of the category..
The company had Previously announced the plan By 2030, it will sell 3.23 million fully electric vehicles annually worldwide.
Coupled with the impetus from the Biden administration, companies can also build an electric vehicle supply chain in the United States rather than abroad.The administration announced a $ 3.1 billion plan earlier this month Supporting domestic production of batteriesFollowing the President who enforced the Defense Production Act in April Encourage domestic production Of the minerals needed to make batteries for electric vehicles.The White House has set goals 50% of electric vehicle sales By 2030.
With this newly announced investment from Hyundai, Hyundai Motor’s executive chair Chung Eui-sun “strengthens partnerships with US public and private companies to create innovative products for our valued US customers. We can provide mobility solutions while supporting global carbon-neutral efforts. ” Said in a statement.
This includes areas such as robotics, advanced air mobility, artificial intelligence, and autonomous driving, the company says.
Hyundai Motor Purchased 80% stake Known for its four-legged dog-like robot spot at Softbank’s robot maker Boston Dynamics in December 2020, the company was worth $ 1.1 billion. Previously funded by Google, Boston Dynamics began commercial sales of its first robot in June 2020.
The car maker is also promoting autonomous driving technology through Motional, a venture with Aptiv, a US-based mobile technology company. Motional is currently testing Robotaxi services on public roads in the United States and plans to launch commercial services in 2023. Bring self-driving cars to roads nationwide..
November, modern Formed Super NullAims to develop a family of electric vehicles in the fast-growing advanced air mobility industry. The company said it plans to launch its first commercial flight in 2028.
