South Korea's Hyundai Motor Group announced Sunday that it will invest an additional $5 billion in the United States to develop robots and self-driving software, just a day after it announced an investment of a similar size to build an electric car plant in the United States.
This was announced by Hyundai Motor Group President Jeong Wei-seon, in his meeting with US President Joe Biden, who was on a visit to Seoul.
"The Hyundai Motor Group plans to invest an additional $5 billion until 2025, which will enhance our cooperation with American companies in diverse technologies, such as robotics, urban air mobility, autonomous driving, and artificial intelligence," the South Korean "Yonhap" agency quoted the chairman of the board of directors as saying. ".
Jeong said the group will provide US customers with innovative products and solutions through investments, and contribute to global efforts for carbon neutrality.
This announcement came a day after the South Korean auto giant announced that it will invest 5.54 billion dollars to build a factory dedicated to the manufacture of electric cars and car batteries in the US state of Georgia to enhance its efforts in the field of electricity in the most important auto market in the world.