Hyundai to invest $7.4B in the US by 2025

Hyundai to invest $7.4B in the US by 2025

Hyundai says its investment will enhance overall product competitiveness by prioritizing future mobility technologies, including electrification and hydrogen energy.

Hyundai Motor Group (HMG), which includes Hyundai Motor Company and Kia Corporation, says it will invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions.

HMG says its investment will enhance overall product competitiveness by prioritizing future mobility technologies, including electrification and hydrogen energy. Hyundai and Kia will invest in growing its EV manufacturing footprint to scale production and satisfy U.S. market demands.

The company says it will offer a suite of American-made electric vehicles to U.S. consumers starting next year. In addition, Hyundai and Kia will monitor the market conditions and U.S. government EV policy to finalize its plan to enhance its U.S. production facilities and gradually expand its local EV production.

HMG says it looks forward to working with the U.S. government and other business partners to expand the U.S. hydrogen energy ecosystem. Later this year, Hyundai says it will proceed on a demonstration project in preparation for the commercialization of fuel-cell electric trucks. Hyundai Motor also will work with local partners to conduct a hydrogen-refueling demonstration project for fuel-cell electric trucks. and provide logistics between port and inland warehouses by utilizing fuel-cell electric trucks.

You May Also Like

Genesis opens 26 new standalone retail facilities

Genesis EVs are also now available in 37 states with the expansion of EV sales to retailers in Alabama, Kansas, Oregon and Rhode Island.

Genesis-Cherry-Hill

Genesis Motor America opened 26 new standalone facilities across the United States, counting 35 dedicated retail facilities nationwide. Genesis EVs are also now available in 37 states with the expansion of electric vehicle sales to select retailers in Alabama, Kansas, Oregon and Rhode Island.

"The opening of 26 new dedicated Genesis facilities across the country demonstrates our commitment to serving more communities across the United States in the coming years," Claudia Marquez, chief operating officer of Genesis Motor North America said. "With our growing retail network, we are also rapidly expanding electric vehicle availability adding Alabama, Kansas, Oregon and Rhode Island. This latest phase of growth allows for even more customers to discover our award-winning EV lineup."

DTNA, Proterra to use battery technology on TBB buses, FCCC delivery trucks

Daimler Truck North America selects Proterra battery technology for next-generation electric school buses and last-mile delivery vehicles.

Proterra-battery-technology
Teletrac Navman reveals Electric Vehicle Evaluator (EVE) at ACT Expo

EVE is an EV transition platform that utilizes telematics data and predictive analytics to build a plan that supports a fleet’s decarbonization goals.

Teletrac-fleet-software
Polestar vehicles to use TactoTek smart surface technology

The collaboration includes Polestar licensing TactoTek’s IMSE technology, products and solutions to explore lighting and HMI use cases.

Polestar-4-Back-1400
TERREPOWER to provide 4,900+ solar panels to Brighten Haiti

Fewer than 35% of Haitian schools have access to electricity. This initiative can impact more than 150,000 students, the company said.

TerrePower-Solar-Panel-Tennessee-Remanufacturing

Other Posts

Hyundai shares vision for hydrogen society at ACT Expo

The company says it is leveraging its affiliates’ cross-industry capabilities spanning the entire hydrogen value chain.

Hyundai_Motor-Hydrogen
Hyundai, Plus demonstrate Level 4 autonomous electric truck at ACT Expo

Hyundai Motor’s XCIENT Fuel Cell truck, equipped with Plus SuperDrive Level 4 autonomous driving technology, was on display at the event.

Hyundai-Plus-Autonomous-Electric-truck
Global supply chains find their footing in a ‘Goldilocks zone’

Improving activity across global supply chains indicates healthier demand.

GEP-Global-Supply-Chain-Volatility-Index-stock
Element 25 secures Louisiana site for EV battery materials refinery

The agreement includes terms for E25 to acquire the land, and to establish essential utility and service agreements.

EV-Battery-I-Car 1400