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South Korea's Hyundai to announce $20 billion U.S. investment [View all]
Published Mon, Mar 24 2025 8:03 AM EDT
Updated 52 Min Ago
Seema Mody@SeemaCNBC
KEY POINTS
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring.
The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
A new steel plant in Louisiana, which is part of the investment, is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai's two U.S. auto plants to manufacture electric vehicles.
https://www.cnbc.com/amp/2025/03/24/south-korea-hyundai-us-investment.html
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