Hyundai has announced that it will invest more than $10 billion to accelerate electric and autonomous vehicle technology in the United States by 2025. The new electronic tool and battery production facility of 5.5 billion dollars, which the company announced last week, is also included in this investment. The company will use the remaining $4.5 billion from its investment budget for projects it has identified for key future businesses.
Hyundai wants to be one of the top three electric vehicle plants in the USA!
Automotive giant Hyundai; He thinks artificial intelligence technology, autonomous driving and robotic technology are important for the future. The firm announced that it will make its investments mainly through joint ventures and organizations. According to Hyundai officials, the investment for the new electric vehicle factory is among the major economic development agreements.
In the first half of 2025, Hyundai plans to produce 300 thousand cars on an area of 2 thousand 923 decares. The foundations of the vehicle factory will be laid early next year. In this facility, which will be supported by renewable energy sources, robots will assist people in production.
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The facility will help Hyundai build a stable supply chain in the market. The investments will enable the company to reach its goal of being one of the top three electric vehicle manufacturers in the USA by 2026.
On the other hand, Hyundai founded Supernal last year to plan how it will integrate air mobility into intermodal travel. Supernal to produce flying vehicles; is developing an app for customers to plan their journeys using car, train and eVTOL. The application will begin commercial service in 2028.
It has also been announced that the Hyundai robotax will enter the Lyft Las Vegas network, a taxi-hailing app, next year. Autonomous driving technology will be used in Hyundai robotaxis vehicles.
Elon Musk had recently reproached US President Joe Biden for Tesla on his Twitter account. The famous businessman announced that Biden pushed Tesla aside and ignored it. In addition, he announced that he would now change his political direction.
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