S.Korea’s Hyundai Motor and its affiliates to jointly set up company in U.S. to explore businesses

June 30, 2022
S.Korea's Hyundai Motor and its affiliates to jointly set up company in U.S. to explore businesses
2022 World Car Awards at the New York International Auto Show, in New York City

SEOUL – South Korea’s Hyundai Motor Co and its two affiliates plan to jointly set up a company in the United States to explore businesses, Hyundai Motor said on Thursday.

In May, Hyundai Motor Group said it plans to invest more than $10 billion in the United States by 2025 to strengthen collaboration with U.S. firms in advanced technology.

(Reporting by Heekyong Yang; Editing by Raissa Kasolowsky)

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