Overview

• The updated plan raises a March pledge by $5 billion, according to a company press release.
• Major projects include a new Louisiana steel mill, expanded vehicle manufacturing capacity, and a robotics facility designed for 30,000 units a year.
• Hyundai says the package will strengthen local supply chains and accelerate commercialization with U.S. affiliates Boston Dynamics and Motional.
• The White House publicly celebrated the news on X with “That’s the Trump Effect!” as South Korean President Lee Jae Myung met President Donald Trump.
• Hyundai says its U.S. outlays over the next three years will exceed the total of every prior year since it entered the market in 1986.