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Hyundai Motor Company (HYMTF)

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  • Reuters

    UPDATE 5-Hyundai to invest $7.4 bln in U.S. by 2025, with electric cars in focus

    South Korea's Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. Hyundai's announcement comes as U.S. President Joe Biden's administration prioritized a push toward electric cars, aiming to replace the 650,000 vehicles in federal fleets with U.S.-made electric vehicles.

  • Hyundai to invest $7.4 billion in U.S. by 2025, with electric cars in focus
    Reuters

    Hyundai to invest $7.4 billion in U.S. by 2025, with electric cars in focus

    Hyundai's announcement comes as U.S. President Joe Biden's administration prioritized a push toward electric cars, aiming to replace the 650,000 vehicles in federal fleets with U.S.-made electric vehicles. In January, Biden also signed an executive order aimed at imposing tougher rules on government procurement practices to increase purchases of American-made products, strengthening domestic manufacturing and create markets for new technologies.

  • Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
    PR Newswire

    Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025

    Today, Hyundai Motor Group (HMG), which includes Hyundai Motor Company and Kia Corporation, announced its plan to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities and further its investments in smart mobility solutions.