Hyundai’s $20 Billion Investment in the U.S. Boosts Economy and Shares

Hyundai Motor Group has announced a significant investment of $20 billion in the United States, marking a major boost to the American economy. The South Korean automotive giant plans to develop electric vehicle manufacturing facilities and invest in other sectors, according to reports from Reuters and the BBC. This move comes as part of Hyundai's strategy to expand its global footprint and capitalize on the growing demand for electric vehicles in the U.S. market.

The announcement has led to a surge in Hyundai's shares, as reported by The Wall Street Journal, reflecting investor confidence in the company's future prospects. This investment is expected to create thousands of jobs and stimulate economic growth in the regions where Hyundai will establish its new facilities.

During a recent White House event, President Trump highlighted the importance of such investments in strengthening the U.S. economy. The focus on domestic manufacturing aligns with the administration's efforts to bolster the country's industrial capabilities and reduce reliance on foreign production.

• Electric Vehicles
• Hyundai
• South Korea
• United States

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Is Hyundai investing in the USA?

Hyundai plans to spend about $21 billion in the US through 2028 to increase vehicle production and on other projects expected to create about 14,000 direct jobs, the company said in a statement, confirming an earlier report by Bloomberg News.

Where will the steel mill be in Louisiana?

Construction of the facility is expected to begin in the third quarter of 2026. The project, located in Donaldsonville, will be the company's first steel mill in the United States and is expected to create an estimated 1,300 direct jobs. “As a result, they'll not have to pay any tariffs,” Trump said.

Where is Hyundai building the new plant?

DONALDSONVILLE, La. — A new Hyundai steel plant worth $5 billion will be built in Ascension Parish near Donaldsonville, according to an announcement made by President Donald Trump and Gov. Jeff Landry. The plant will serve as a steel supply mill for Hyundai, supporting U.S. assembly plants.