[Asia Economy Reporter Choi Dae-yeol] Chung Eui-sun, Chairman of Hyundai Motor Group, stated at a press conference after meeting with U.S. President Joe Biden on the 22nd, "We have decided to invest an additional $5 billion to collaborate with American companies in various fields such as robotics, urban air mobility (UAM), autonomous driving, and artificial intelligence." Previously, Hyundai Motor Group finalized this investment plan separately from the $5.5 billion investment announced the day before to build an electric vehicle-only factory in Georgia, USA.
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