Hyundai

Hyundai Motor Group will invest an additional $10 billion in the U.S. by 2025 to strengthen its cooperation with U.S. companies in advanced technologies, according to a statement.

The investments relate to robotics, urban air mobility, autonomous driving and artificial intelligence.

During a meeting with U.S. President Joe Biden, who is wrapping up a visit to South Korea, Hyundai Motor Group CEO Juisan Chung announced the automaker’s decision to build a new electric vehicle and battery manufacturing plant in Savannah, Georgia, U.S.

In the facility in Georgia for the production of electric cars and batteries will invest $ 5.5 billion.

Reuters notes that the new investment will bring the planned total in the U.S. to about $10 billion by 2025, up from the $7.4 billion announced last year.