On Sunday, automaker Hyundai will allocate an additional $ 5 billion for investments in the United States. The funds will support the company’s work in electric vehicles, robotics, self-driving cars and artificial intelligence. The announcement follows recent news that Hyundai is planning to build a plant in Georgia. Including this facility, the automaker wants to invest 10 10 billion in the United States by 2025.
Some money will go to support Boston Dynamics, which is Hyundai. The automaker says it is committed to growing the robotics firm by expanding its manufacturing capacity and product lineup. The company will also support its Boston-based self-driving unit, working to make its driverless technology safer and more accessible to customers in the United States and other parts of the world.
“The move supports carbon neutrality goals with new technologies and contributes to manufacturing in the United States,” Hyundai said in a statement. According to the automaker, its new Georgia plant will produce 300,000 EVs a year if production starts sometime in the first half of 2025. Construction of the facility will begin in early 2023.