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Hyundai Motor Group will invest $26 billion across the U.S. between 2025 and 2028, revising its initial $21 billion commitment announced last March.
As part of this manufacturing investment, the automaker will build a new steel mill in Louisiana—its first overseas production base, as well as the first plant in the U.S. to integrate all stages of steel production. The company earmarked $5.8 billion for this project in Donaldsonville, La.
Hyundai will also develop a robotics facility bearing an annual capacity of 30,000 units, slated to serve as a hub for design, manufacturing, testing and deployment. The company acquired Boston Dynamics in 2021 and, earlier this year, revealed plans to utilize bipedal robots at its auto factories.