Overview

• Hyundai will invest $20 billion in U.S. manufacturing, including a $5 billion steel plant in Louisiana employing approximately 1,500 workers.
• The Louisiana plant will produce advanced steel for Hyundai's U.S. auto plants, supporting its electric vehicle production.
• A third automotive plant in Georgia is expected to be part of Hyundai's expansion plans, further strengthening its U.S. presence.
• The announcement comes ahead of an April 2 tariff deadline, as Hyundai aims to mitigate trade policy impacts through localization.
• President Donald Trump, Hyundai Chairman Euisun Chung, and Louisiana Governor Jeff Landry will announce the investment at the White House.