Hyundai to Lift US Investment to $26 Billion After Lee Visit

Hyundai Motor Group will increase its investment in the US to $26 billion through 2028, as it seeks to expand autos, steel and robotics production, underscoring the South Korean conglomerate’s deepening economic ties with Washington.

The four-year plan marks a $5 billion increase from the $21 billion the company initially unveiled in March, the group said in a statement Tuesday. The package includes a new steel mill in Louisiana, expanded auto production, and a robotics facility capable of building 30,000 units a year, together creating 25,000 additional jobs.