Hyundai Motor Group will raise its planned U.S. investment to $26 billion through 2028, strengthening its commitment to the American market after a summit between U.S. President Donald Trump and South Korean President Lee Jae-Myung. The figure represents a sharp increase from the automaker’s earlier pledge of $21 billion.
The expanded investment package includes:
Construction of a new steel mill in Louisiana,
Expansion of automotive production facilities, and
Development of a robotics plant capable of producing 30,000 units annually.
The announcement forms part of a broader initiative by South Korean firms, which together pledged $150 billion in U.S. investments across sectors including aerospace, shipbuilding, nuclear energy, and semiconductors.
Hyundai’s move underscores the deepening economic ties between the two allies and highlights the group’s push to strengthen its manufacturing footprint and technology leadership in the U.S. market.