Hyundai Motor Group Unveils $21 Billion U.S. Investment Plan

Hyundai Motor Group commits $21 billion to expand U.S. production, supply chain, and EV infrastructure by 2028, creating over 100,000 job opportunities.

Hyundai Motor Group has announced an ambitious $21 billion investment strategy for the United States, set to unfold between 2025 and 2028. This comprehensive initiative focuses on expanding production capabilities, reinforcing supply chains, and advancing the Group’s position in future technologies and sustainable energy infrastructure.

A central component of the plan is the expansion of automotive manufacturing. Hyundai will invest $9 billion to reach an annual production capacity of 1.2 million vehicles across its U.S. operations. Significant upgrades are planned for facilities in Alabama and Georgia, aiming to meet increasing demand and enhance vehicle quality.

A major milestone in this initiative is the grand opening of Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Completed in just two and a half years, it marks the largest economic development project in the state’s history. Backed by $7.6 billion in investments, the plant is designed to produce up to 300,000 electric vehicles annually, starting with the 2025 Hyundai Ioniq 5. HMGMA is expected to create approximately 8,500 direct jobs, contributing significantly to employment growth in Georgia and beyond.

Another major area of focus is parts localization. Hyundai will allocate $6 billion to bolster local production of core components, including battery packs, and to strengthen its logistics and supply chain networks. As part of this effort, Hyundai Steel will build an electric arc furnace (EAF) plant in Louisiana, with an annual capacity of 2.7 million tons of low-carbon steel. This facility will enhance the Group’s flexibility and resilience in the face of global supply chain uncertainties.

The Group is also investing $6 billion in future-oriented technologies and infrastructure. Hyundai is deepening collaboration with U.S. partners in fields such as autonomous driving, robotics, artificial intelligence, and advanced air mobility. The Group’s U.S.-based affiliate, Supernal, is advancing development of its eVTOL S-A2 concept, targeting certification and a commercial launch by the 2028 Los Angeles Olympics.

In the energy sector, Hyundai is working with Holtec International on the development of small modular reactors (SMRs) at the former Palisades nuclear plant in Michigan, signaling potential progress in next-generation nuclear energy. The Group is also a founding member of the IONNA EV charging network, which aims to deploy 30,000 high-powered chargers across the U.S.

Hyundai’s EV momentum in the U.S. continues to accelerate, with market share rising from 3.2% in 2020 to 11.2% by 2024. The company is targeting annual global EV sales of 2 million units by 2030, with 21 models planned for the U.S. market.

These strategic investments reinforce Hyundai Motor Group’s long-term commitment to the U.S. market. With supportive policies, technological innovation, and growing consumer demand for eco-friendly mobility, Hyundai is well-positioned to strengthen its leadership in the evolving automotive landscape.

Source: hyundainews.com