Additional investment in robotics, UAM, autonomous driving, AI, etc.
Hyundai invests more than $10 billion in new investments in the U.S.
Biden: Transforming America’s Auto Industry thanks to Hyundai
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[앵커]
On the last day of US President Joe Biden’s visit to Korea, he met with Hyundai Motor Group Chairman Chung Eui-sun.
At a joint briefing following the meeting, Chairman Chung Eui-sun announced that he would invest an additional $5 billion in the United States, and President Biden responded that he would not disappoint.
Reporter Lee Dong-woo reported.
[기자]
On the last day of his visit to Korea, President Biden met with Hyundai Motor Group Chairman Chung Eui-sun before leaving the hotel.
In addition to the establishment of an electric vehicle plant in Georgia, Chairman Chung Eui-sun announced that he would invest an additional $5 billion in the United States.
[정의선 / 현대자동차그룹 회장 : 현대차그룹은 다양한 기술 분야에서 미국 기업과 협업을 강화하기 위해 2025년까지 50억 달러의 추가 투자를 계획하고 있습니다.]
Additional investment areas include robotics, urban air mobility (UAM), autonomous driving software, and artificial intelligence.
Chairman Chung emphasized that through this, Hyundai Motor Group will provide greater convenience and safety to its customers and contribute to the US government’s goal of increasing the number of electric vehicles to 50% of new vehicles by 2030.
The Hyundai Motor Group has made a new investment of over $10 billion in the United States as it previously announced a plan to build an electric vehicle plant worth 6.3 trillion won in Georgia.
During his visit to Korea, Chairman Chung is the only businessman who personally met with President Biden and even made an investment announcement.
[조 바이든 / 미국 대통령 : (현대차그룹이) 100억 달러 이상을 미국 제조업에 투자한다는 사실을 발표할 수 있어 기쁩니다. 다시 한 번 미국을 선택해주신 정의선 회장에게 감사의 뜻을 전합니다. 미국은 현대차를 실망시키지 않을 것입니다.]
He then praised Hyundai for transforming the US automobile industry and accelerating the achievement of the US government’s goal in the future electric vehicle business.
After the briefing, the two took a short walk, and at this meeting, President Biden promised to actively help Hyundai Motor Group’s future business.
This is YTN Lee Dong-woo.
YTN Lee Dong-woo (dwlee@ytn.co.kr)
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