New Robotics Factory in the U.S. with Annual Capacity of 30,000 Units
$5 Billion Added to March Investment Plan
Louisiana Steel Mill to Boost Local Parts Sourcing
Hyundai Motor Group will invest $26 billion in the United States over the next four years. The group plans to establish steel mills and robotics factories in the U.S., while also expanding the production capacity of existing automobile plants. Through this large-scale local investment, Hyundai Motor Group aims to strengthen its business competitiveness in the U.S. market and contribute to the joint growth of both South Korea and the United States.
On August 26, Hyundai Motor Group announced that it will invest $26 billion (approximately 36 trillion won) in the U.S. over the next four years starting this year. This is an increase of $5 billion (about 7 trillion won) from the $21 billion announced in March.
The investment will focus on future industries such as steel, automotive, and robotics. In particular, the additional $5 billion will be allocated to the construction of a new robotics factory with an annual production capacity of 30,000 units. The strategy is to enhance competitiveness by establishing a production hub for the rapidly growing U.S. robotics market.
Hyundai Motor Group will take the lead in establishing the factory, with participation from joint venture partners also anticipated. The factory will produce robots such as Atlas, Spot, and Stretch, which are core products of Boston Dynamics. The initial production capacity is expected to be around 30,000 units.
Hyundai Motor Group Meta Plant America (HMGMA) located in Georgia, USA. Provided by Hyundai Motor Group
In addition to the robotics factory, Hyundai Motor Group is also planning to build an electric arc furnace steel mill in Louisiana with an annual capacity of 2.7 million tons. The plant will produce high-quality, low-carbon steel sheets to supply key strategic industries in the U.S., such as the automotive sector. Once the Louisiana steel mill is completed, Hyundai Motor Group will have established a value chain in the U.S. that connects steel, components, and finished vehicles.
The group will also expand its automobile production capacity. The annual production capacity for finished vehicles in the U.S., which was 700,000 units last year, will be significantly increased. Hyundai Motor Group plans to introduce a diverse lineup of electric vehicles, hybrids, and internal combustion engine cars to quickly respond to the needs of American consumers. Affiliates in parts and logistics will also expand their facilities to increase the localization rate of components and promote local sourcing of key electric vehicle parts such as battery packs, thereby strengthening the supply chain between finished vehicle manufacturers and parts suppliers.
Hyundai Motor Group will expand cooperation with leading U.S. companies in future technologies, including robotics, autonomous driving, artificial intelligence (AI), and software-defined vehicles (SDVs). In addition, the group will accelerate the commercialization of its U.S. subsidiaries such as Boston Dynamics and Motional.
Meanwhile, Hyundai Motor Group is also making large-scale investments in South Korea to establish a mobility innovation hub. This year, the group will invest a record 24.3 trillion won, which is more than a 19% increase compared to the 20.4 trillion won invested in 2024. Specifically, the group will allocate 11.5 trillion won to research and development (R&D), 12 trillion won to general investment, and 800 billion won to strategic investment.
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