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5/22, 6:48 AM (Source: TeleTrader)
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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.

Baha Breaking News (BBN) / NP