Hyundai Motor Group has unveiled plans to invest $21 billion (approximately ₹1.75 lakh crore) in the United States over the next four years, aiming to strengthen its presence across key sectors, including automobiles, parts and logistics, steel, and future industries.
This marks Hyundai’s largest overseas investment to date, underscoring the importance of the US as a strategic business hub. The initiative is seen as a move to enhance local manufacturing, reduce reliance on imports, and shield operations from potential tariff-related risks.
The investment is expected to generate over 100,000 direct and indirect jobs in the US by 2028, including 14,000 full-time positions. A major portion—$9 billion—will be allocated to increase the Group’s annual vehicle production capacity in the US to 1.2 million units across its brands Hyundai, Kia, and Genesis.
Currently, Hyundai operates three production facilities in the US with a combined capacity of 1 million vehicles: Hyundai’s Alabama plant (360,000 units), Kia’s Georgia plant (340,000 units), and the Hyundai Motor Group Metaplant America (HMGMA) in Georgia (300,000 units). As part of the new strategy, HMGMA’s capacity will be expanded to 500,000 units, and additional upgrades will be made to the Alabama and Georgia plants to modernize operations and improve efficiency.
An additional $6.1 billion will be invested by Hyundai and Kia to strengthen their parts, logistics, and steel supply chains. The focus will be on enhancing local procurement, particularly for electric vehicle components like battery packs, to support the expansion of electric vehicle production.
For its steel business, Hyundai will build a 2.7-million-ton electric furnace steel plant in Louisiana. This facility will specialize in low-carbon automotive steel, helping to localise the supply of high-quality materials while offering protection against tariff volatility. It is also expected to provide stable earnings and support the Group’s expansion in the steel sector.
Another $6.3 billion will be invested in future energy-related industries. The Group plans to deepen collaboration with top US tech firms in areas such as autonomous driving, artificial intelligence, robotics, and Advanced Air Mobility (AAM). Hyundai’s US-based subsidiaries—Boston Dynamics, Supernal, and Motional—will play a central role in advancing these technologies toward commercialization.
The company has already forged strategic partnerships with innovators like NVIDIA to develop software-defined vehicles and robotics and with Waymo to expand the self-driving taxi service Waymo One, using Hyundai’s IONIQ 5 produced at HMGMA.
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