This does not mention their lead in Hydrogen and H2/EV hyrbrid tech in SE Asia.
CNBC Headline: Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
* Hyundai Motor announced on Sunday that it plans to spend $5 billion in the U.S. on developing mobility solutions such as autonomous driving and robotics.
* Last week, Hyundai said it would spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S.
* The investment is part of a larger push by Hyundai to advance mobility electrification more broadly.
PUBLISHED SUN, MAY 22 20223:58 PM EDTUPDATED AN HOUR AGO
https://www.cnbc.com/2022/05/22/hyundai-plans-5-billion-inve…
Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I.
The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S., located outside of Savannah, Georgia. That facility is expected to open during the first half of 2025 and is projected to have an annual production capacity of 300,000 vehicles.
Some $10 billion of new investment will be used to further Hyundai’s “goal to provide sustainable and smart mobility solutions,” the company said.
Reminder about their interest in robotics: “Hyundai Motor bought an 80% stake in robot maker Boston Dynamics from Softbank in December 2020, The company, known for its four-legged dog-like robot Spot, was valued at $1.1 billion. Boston Dynamics, which was previously financed by Google, started selling its first robot commercially in June 2020.”