Hyundai Motor Group increases US investment to $26 billion
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FILE PHOTO: Logo of Hyundai Motor Group on a car outside an automobile showroom is pictured in New Delhi, India, September 6, 2024. REUTERS/Ainnie Arif/File Photo
SEOUL (Reuters) -South Korea's Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.
Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S.
(Reporting by Hyunjoo Jin and Heekyong Yang; Writing by Joyce LeeEditing by Ed Davies)
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