Hyundai Motor Group will invest a record $21 billion in the United States over the next seven years to expand production capacity and form strategic partnerships with American companies. The investment includes construction of an $8 billion Electric Vehicle and Battery Manufacturing Facility in Georgia. In addition, the firm announced a $2.5 billion joint venture with American steel producer, Nucor Corp, to build a new $2.7 billion steel mill in Louisiana. The primary motivation behind the investment is to increase domestic production to circumvent the risk of potential tariffs from the United States, as well as to increase the company’s competitiveness in the global market.

Source: https://www.theguardian.com/business/2025/mar/25/hyundai-us-investment-trump-tariffs-jobs-ai