A major automaker announced a $20 billion investment in United States-based manufacturing.
Hyundai‘s investment, which the automaker described as a pledge to increase localized production in the United States, will create over 1,000 jobs. As part of the pledge, the company will open a $5.8 billion steel plant in Louisiana.
This near-shoring move by Hyundai is one among many automakers who are currently planning major U.S. investments, including Stellantis, which promised $5 billion to U.S manufacturing and Honda, which is expected to produce new Civic hybrids in Indiana.
Press release is available in its original from here.
