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Hyundai announces new US$21 billion investment in US manufacturing

Plan includes US$5.8 billion steel plant in Louisiana which will create 1,300 jobs, said Hyundai executive chairman Euisun Chung on Monday.



Hyundai is investing US$21 billion in US manufacturing, including a US$5.8 billion steel plant in Louisiana that will create 1,300 jobs. This investment aims to establish a more self-reliant US automotive supply chain. Hyundai is also opening a US$7.59 billion car and battery factory in Georgia.

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