TELETRADER News
5/22, 6:48 AM
(Source: TeleTrader)
Hyundai to invest $5B in US for robotics, autonomous driving
Hyundai Motor Group announced it will invest $5 billion in the United States for the development of robotics and autonomous driving software.
The announcement was made during US President Joe Biden's visit to South Korea.
A day earlier, Hyundai said it plans to invest $5.5 billion to build an electric vehicle and battery plant in the US state of Georgia, with construction set to start next year.