Hyundai Announces $21 Billion U.S. Investment Plan, Opening Georgia Factory This Week

The South Korean automaker's plan includes a new steel plant in Louisiana, expanded vehicle production in Georgia, and investments in technology and energy sectors.

Hyundai CEO Euisun Chung unveiled a $21 billion U.S. investment strategy during a press conference with Donald Trump on March 24, 2025.
The investment includes a $5.8 billion steel plant in Louisiana and an $8 billion automobile factory in Georgia set to open this week.
Hyundai aims to increase its U.S. vehicle production capacity to 1.2 million cars annually with the new Georgia facility.
The plan allocates $6 billion for U.S. technology companies focusing on autonomous driving, robotics, and artificial intelligence.
Donald Trump framed Hyundai's investments as a validation of his tariff policies, highlighting the company's focus on domestic production to avoid import tariffs.