Hyundai Motor Group plans to invest $21 billion in the United States beginning this year and continuing until 2028 to advance future technologies, energy infrastructure, and manufacturing capabilities.

The money will be used to make improvements at Hyundai Motor Manufacturing Alabama and Kia Autoland Georgia. And $9 billion will be used to establish an annual U.S. production capacity of 1.2 million vehicles across its automotive brands.

The investment builds on Hyundai’s allocation of $20.5 billion since entering the U.S. market in 1986, according to a press release from the OEM.

“Hyundai Motor Group is deepening its partnership with the United States, reinforcing our shared vision for American industrial leadership,” the release states. “The group’s investment and efforts will further expand our operations in the U.S. and grow our American workforce. Thank you to our American partners, employees, and communities. We’re proud to stand with you and build the future together.”

Hyundai says it will also spend $6 billion to localize automotive component procurement including core parts for EVs, such as battery packs; to strengthen its logistics to ensure robust supply chains, and invest in U.S. steel production.

Group affiliate, Hyundai Steel, will construct an electric arc furnace (EAF) steel mill in Louisiana that can produce up to 2.7 million tons of steel annually. Hyundai says the facility will produce low-carbon steel sheets using the abundant supply of steel scrap in the U.S. “with the aim of enhancing the group’s agility and flexibility in response to external uncertainties.”

The group will also invest $6 billion to expand partnerships with U.S. companies in autonomous driving, robotics, AI, and advanced air mobility (AAM).

Initiatives will include:

• • Collaboration with Boston Dynamics to expand the U.S. ecosystem for robotics components and establish a mass-production system
  • Partnership with NVIDIA to accelerate the development of AI solutions for future mobility, including autonomous driving and robotics
  • Advancing R&D with Supernal, the group’s U.S. affiliate for AAM business, to commercialize an electric vertical take-off and landing (eVTOL) vehicle by 2028
  • Supplying robotaxis to Waymo as part of its partnership with Hyundai Motor Co. and co-developing autonomous driving services with Aptiv
  • Investing potential startups through venture capital and other funding mechanisms to support U.S. startups specializing in mobility, robotics, and AI

Hyundai also plans to invest in energy infrastructure projects to secure new business opportunities and contribute to the development of sustainable energy generation, including:

• • Strategic cooperation between Hyundai Engineering & Construction and Holtec International on manufacturing small modular reactors (SMRs) beginning by 2030 at the Palisades plant in Michigan
  • Establishing infrastructure to bolster the use of renewable energy
  • Investing in the IONNA EV charging alliance to expand infrastructure

Hyundai estimates all of the above investments will create 14,000 new direct full-time jobs in the U.S. by 2028.

On Monday, U.S. owners of Hyundai KONA Electric, IONIQ Electric hatchback, IONIQ 5, and IONIQ 6 models equipped with a Combined Charging System (CCS) port gained access to 20,000 Tesla Superchargers using a North American Charging Standard (NACS) adapter.

Current owners of Hyundai EVs who bought their vehicles on or before Jan. 31, 2025, will begin receiving emails with instructions on how to get their adapters starting the week of April 7.

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