Hyundai will allocate an additional $five billion towards investments withinside the US, the automaker introduced on Sunday. The price range will help the enterprise’s work in electric powered vehicles, robotics, air taxis, self-driving vehicles and synthetic intelligence.
The declaration follows the current information that Hyundai plans to construct a $five.fifty four billion electric powered car plant in Georgia. With that facility included, the automaker intends to invest $10 billion withinside the US with the aid of using 2025.
Some of the cash will pass towards helping Boston Dynamics, which Hyundai received in 2021. The automaker stated it’s miles devoted to developing the robotics company with the aid of using increasing its production skills and product lineup.
The enterprise may also help Motional, its Boston-primarily based totally self-using unit, with the aid of using running to make its driverless era more secure and greater handy to clients withinside the US and different elements of the world.
“The circulate helps carbon neutrality dreams with new technology and contributes to production withinside the US,” Hyundai stated in a statement. According to the automaker, its new Georgia plant will produce 300,000 EVs according to yr as soon as manufacturing begins offevolved someday withinside the first half of 2025. Construction at the facility will start in early 2023.
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