South Korea's Hyundai Motor Group said it plans to invest an additional $5 billion in the United States through 2025.
The company said in a statement, today, Sunday, that the aim of these investments is to strengthen its cooperation with American companies in various technologies, such as robotics, urban air mobility and autonomous driving. and artificial intelligence.
The announcement came during US President Joe Biden's visit to South Korea, CNBC Arabic reported.
The Hyundai Group is one of the world's five largest automakers in terms of vehicle sales.
The group did not say where the additional $5 billion would be invested in the United States.
The Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., on Friday announced plans to invest $5.5 billion in Georgia to build electric vehicle and battery facilities.
