Hyundai Executive Chair Euisun Chung delivers remarks upon announcing a massive new investment in the United States:
“Hyundai Motor Group is proud to be a stronger partner in America’s industrial future.”

The Hyundai steel facility is just one part of the company’s broader U.S. strategy. In his Monday remarks, Chung said the firm is committing $6 billion to strengthen the American steel supply chain.

A separate $8 billion EV manufacturing plant is opening this week in Georgia. Hyundai also plans to purchase $3 billion worth of U.S. liquefied natural gas. Altogether, the company plans to invest $21 billion in the U.S. over the next four years.

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Hyundai Executive Chair Chung remarks, $5.8B steel plant, $8B EV manufacturing plant, $21B+ next 4 years