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Home World Asia Pacific

Hyundai announces new US$21 billion investment in US manufacturing

24 March 2025
in Asia Pacific
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Hyundai announces new US billion investment in US manufacturing
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Hyundai announced a US$5.8 billion investment in a new steel plant in Louisiana, creating 1,300 American jobs and aiming to strengthen the US automotive supply chain. This move comes as part of a trend of companies, including Apple and Oracle, investing billions in the US following President Trump’s return to power in January. Trump’s threats of tariffs have led to a surge in investment in US projects, with Hyundai being the latest firm to join in.

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Tags: announcesBillionHyundaiInvestmentManufacturingUS21
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