Money

Hyundai pledges to invest $10bil in the U.S.

Published

4 years ago

May 23, 2022

U.S. President Joe Biden wrapped up his visit to South Korea on Sunday, emphasising his goal to strengthen the American economy

It comes as Hyundai unveiled plans to invest at least $10 billion in the nation launching a whole new range of operations throughout the country.

The car manufacturer will use the funds to further develop its work in the EV sector, robotics, air taxis and artificial intelligence.

Hyundai is also building a $5.4 billion electric vehicle plant in Georgia, with the full $10 billion being invested in America by 2025.

The United States is currently experiencing a period of soaring inflation as Biden’s ratings take a tumble.

“This new commitment … is going to create over 8,000 new American jobs.”
U.S. PRESIDENT JOE BIDEN

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.