Hyundai unveils $ 21 billion in American expansion as Trump’s prices are approaching.
South Korean car giant Hyundai announced a massive investment of $ 21 billion (16.3 billion pounds sterling) in the United States, a few days before President Donald Trump should impose new prices on trading partners. This decision underlines Hyundai’s commitment to the American market while positioning itself strategically before potential trade barriers.
The investment includes a new steel factory of $ 5.8 billion in Louisiana, which will be able to produce more than 2.7 million tonnes of steel per year and create more than 1,400 jobs. The installation should provide steel for Hyundai manufacturing factories in Alabama and Georgia, strengthening interior production capacities.
Hyundai also hired $ 9 billion to extend vehicle production in the United States, with the aim of increasing annual production to 1.2 million vehicles by 2028.
“This investment is a clear demonstration that the prices work very strongly,” said Trump at an event in the White House on Monday, stressing the impact of its commercial policies.
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Asset He also suggested that other prices on vehicle imports could be announced later this week, potentially affecting the country of origin of Hyundai, South Korea, which maintains a significant trade surplus with the United States. The last investment announcement comes in the middle of an increase in trade tensions, Trump recently imposed an import tax of 25% on steel and aluminum, extending the samples to include hundreds of metal products.
As part of its expansion strategy, Hyundai should inaugurate a car and battery factory of $ 7.59 billion in Georgia on Wednesday, further strengthening its American footprint. The company, as well as its KIA affiliate, already operates manufacturing facilities in Alabama and Georgia, and once the three factories are fully operational, they will collectively produce up to one million vehicles per year.
In another boost for US trade, Hyundai is committed to buying $ 3 billion in liquefied natural gas (LNG) from American suppliers, strengthening economic ties between the two nations.
From AssetThe return to its functions, several companies have announced major investments in the United States, although some of these declarations have reiterated previously planned initiatives. During the Biden administration, Hyundai had already described an investment of $ 10 billion in emerging technologies by 2025, highlighting its long -term commitment to innovation and growth.
With the latest Hyundai extension plans, the company not only strengthens its manufacturing presence in the United States, but also the improvement of technological collaborations that could stimulate the future of mobility. This substantial investment is ready to create thousands of jobs, fuel economic growth and solidify Hyundai’s position as a key director in the evolving car landscape. Despite the imminent prices, Hyundai’s strategic movements reflect confidence in the American market and the commitment to promote stronger economic links between the United States and South Korea.