11,418.11 TRY BIST 100 BIST 100
41.02 USD USD USD
5.78 CNY CNY CNY
47.87 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
39.05 TRY Interest Interest
67.87 USD Fossil Oil Fossil Oil
38.96 USD Silver Silver
4.52 USD Copper Copper
104.26 USD Iron Ore Iron Ore
335.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,483.62 TRY Gold (gr) Gold (gr)

Hyundai to increase U.S. investment to $26 billion

Hyundai Motor Group announced that it will increase its investment in the United States by $5 billion, raising the total to $26 billion.

Hyundai to increase U.S. investment to $26 billion

According to the statement by Hyundai Motor Group, the investment will be carried out between 2025 and 2028, expanding the group’s operations in the steel, automotive, and robotics sectors. Within this scope, Hyundai plans to create around 25,000 direct jobs by 2028.

The additional $5 billion investment comes on top of the $21 billion plan announced in March 2025, aiming to strengthen the group’s presence in the American market.

As part of the investment, the group will establish a new steel plant in Louisiana to support industries such as automotive manufacturing, reinforce local supply chains, and enhance industrial resilience.

The group’s automotive affiliates, Hyundai Motor Company and Kia Corporation, will expand their production capacities in the U.S. to meet changing consumer needs.

Hyundai will also build an advanced robotics facility with an annual production capacity of 30,000 units. Covering design, manufacturing, testing, and application processes, the center will become one of the hubs of the robotics ecosystem in the United States.

25,000 new direct jobs to be created

Through these initiatives, approximately 25,000 new direct jobs will be created in the U.S. over the next four years, contributing to the American economy.

The group, which accelerates technology commercialization through its U.S.-based tech affiliates Boston Dynamics (robotics) and Motional (autonomous driving), is also expanding collaborations with leading American companies in future technologies such as artificial intelligence, robotics, and autonomous driving.

Since its entry into the U.S. market in 1986, the group has invested more than $20.5 billion in the country, aligning its growth with national development.

The latest investment once again highlights the group’s commitment to the U.S. economy and its role as a partner in innovation, sustainability, and long-term prosperity.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukraine strikes refinery in Russia

Saturday, August 30, 2025

Heartbeat of Turkish defense industry to resonate in Africa

Saturday, August 30, 2025

Anti-dumping measures to be imposed on flat steel imports from South Korea to Türkiye

Saturday, August 30, 2025

India considers easing restrictions on Chinese investments

Saturday, August 30, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now