# 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.

- Type: Investment
- Announced: 2025-03-24
- Where: Louisiana, United States
- Value: $21.0B
- Jobs: 1,400
- Status: announced
- Capacity: 2.7 million metric tons of steel annually
- Products: steel, vehicles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md)
- [HYUNDAI STEEL](https://endata.com/companies/45234.md)

## Sources

- [theglobeandmail.com](https://www.theglobeandmail.com/business/article-hyundai-trump-announce-21-billion-us-investment-new-steel-plant/), 2025-03-24: "This investment is a clear demonstration that tariffs very strongly work."
- [automotivelogistics.media](https://www.automotivelogistics.media/nearshoring/hyundai-motor-commits-21-billion-to-us-vehicle-manufacturing-supply-chain-and-logistics/196302), 2025-03-27: "Hyundai has now said it will expand HMGMA’s annual production capacity to a total of 500,000 units as part of its latest announcement on overall investment in the US."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.