Hyundai Motor Group announces $21B US investment including new steel plant

Hyundai Motor Group announced a $21 billion investment in the United States, including a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs. The investment also includes $9 billion to boost US auto production capacity to 1.2 million vehicles by 2028 and $6 billion for partnerships in autonomous driving, robotics, AI, and advanced air mobility.

“This investment is a clear demonstration that tariffs very strongly work.”theglobeandmail.com

• 2 sources
• theglobeandmail.comHyundai, Trump announce $21-billion U.S. investment, new steel plant - The Globe and MailSteve Holland, David Shepardson, Heekyong YangMar 24, 2025
• automotivelogistics.mediaHyundai Motor commits $21 billion to US vehicle ...Marcus Williams nullMar 27, 2025

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