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Investing.com -- Hyundai Motor Group announced Tuesday it will increase its investment in the United States to $26 billion through 2028, adding $5 billion to its previously pledged $21 billion from March.
According to the company, this increased investment in the U.S. is expected to generate approximately 25,000 jobs over the next four years.
The South Korean automotive group said in a statement that the additional funding will advance its strategic initiatives across automotive, steel, and robotics sectors in the American market.
As part of the expanded investment plan, Hyundai intends to construct a state-of-the-art robotics facility in the U.S. with an annual production capacity of 30,000 units.
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