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Hyundai is spending $21 billion to avoid US tariffs.
The South Korean conglomerate’s US investment includes a new $5.8 billion steel plant in Louisiana, which is set to create 1,400 jobs and supply Hyundai’s auto plants in Alabama and Georgia. The company also plans to invest $6 billion to expand partnerships with AI, autonomous driving, robotics, and air mobility companies in the US.
These latest figures build on the $10 billion that Hyundai previously said it would invest into the US between 2022-2025.
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