Overview

• The commitment runs through 2028 and increases a March pledge by $5 billion to a total of $26 billion.
• Hyundai will build a low-carbon steel plant in Louisiana with annual capacity of 2.7 million tons.
• A U.S. robot factory is planned with capacity to produce 30,000 units a year, with timeline and location yet to be disclosed.
• U.S. finished-vehicle output, roughly 700,000 last year, will expand significantly to include more EV and hybrid models, with no specific targets provided.
• Hyundai estimates about 25,000 additional jobs from the package, which was announced after President Lee Jae Myung met President Donald Trump in Washington.