Hyundai Motor and Subsidiary Jointly Establish a Company in the U.S. to Expand Business

According to foreign media reports, South Korea's Hyundai Motorsaid on June 30 that the company and its two subsidiaries plan to jointly establish a company in the United States to develop business.

In May,Hyundai MotorGroup said it plans to invest more than $10 billion in the U.S. by 2025 to strengthen cooperation with U.S. companies on cutting-edge technologies.

Hyundai MotorGroup hopes to advance the development of key future technology areas such as robotics, advanced air mobility (AAM), autonomous driving and artificial intelligence.Hyundai Motor Group, a pioneer in driverless technology, is responding to the rapid transformation of the automotive industry through its joint venture with Aptiv, Motional.Motional is currently conducting road tests of self-driving taxis in the United States and hopes to begin commercializing the service in 2023.Hyundai Motor Group said it will cooperate with U.S. partners in various fields to accelerate the realization of driverless technology.

In order to advance all future businesses and enhance the group's competitiveness in different fields, Hyundai Motor Group also plans to increase investment in artificial intelligence technology, while actively seeking new business opportunities with U.S. partners, expanding business infrastructure, and achieving carbon neutrality, etc. .