Hyundai Motor Group did not provide the breakdown of its planned investment in the US but said the spending would be primarily for Hyundai and Kia. Photo: AP
Hyundai Motor Group did not provide the breakdown of its planned investment in the US but said the spending would be primarily for Hyundai and Kia. Photo: AP
Hyundai to invest $7.4bn in US by 2025 to produce electric cars
The South Korean car maker’s investment will help leverage the Biden administration’s EV policies and receive subsidies and tax incentives, analysts say
