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📢Hyundai Motor Group Chairman Chung Euisun Announces $21 Billion Investment in the U.S.

On March 24, 2025, Hyundai Motor Group Chairman Chung Euisun announced a $21 billion investment plan (approximately 31 trillion KRW) in the United States over the next four years. The announcement was made during a meeting with former President Donald Trump at the White House.

📍 Key Investment Areas
✔ Automobile Manufacturing
✔ Parts, Logistics, and Steel
✔ Future Industries and Energy

Former President Trump welcomed the announcement, stating that because Hyundai will produce cars and steel in the U.S., it would avoid import tariffs.

This large-scale investment is seen as part of Hyundai’s strategy to boost its competitiveness in the U.S. market and adapt to the evolving global auto industry landscape.

📢Hyundai Motor Group Chairman Chung Euisun Announces $21 Billion Investment in the U.S.

On March 24, 2025, Hyundai Motor Group Chairman Chung Euisun announced a $21 billion investment plan (approximately 31 trillion KRW) in the United States over the next four years. The announcement was made during a meeting with former President Donald Trump at the White House.

📍 Key Investment Areas
✔ Automobile Manufacturing
✔ Parts, Logistics, and Steel
✔ Future Industries and Energy

Former President Trump welcomed the announcement, stating that because Hyundai will produce cars and steel in the U.S., it would avoid import tariffs.

This large-scale investment is seen as part of Hyundai’s strategy to boost its competitiveness in the U.S. market and adapt to the evolving global auto industry landscape.

https://edition.cnn.com/2025/03/24/cars/hyundai-investment/index.html

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