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Hyundai Motor Group to invest additional US$5 billion in 2025
... bargaining relationship. Hyundai Motor Group Executive Chair Euisun Chung did not make a statement about the US unions. The world's third-biggest automaker by vehicles sales did not say where the additional US $5 billion would be invested. The auto group said on Wednesday it would invest 21 trillion won US $16 billion in 2030 to expand its EV business in South Korea.
Updated: 05/22/2022
Hyundai to invest $5 bn in U.S. by 2025
... leader in the America's automotive industry with regards to building high quality electric vehicles for our U.S. customers." The auto group said on Wednesday it would invest 21 trillion won $16 billion through 2030 to expand its EV business in South Korea. Hyundai 's new EV and battery manufacturing facilities will be located in the southern right to work state, where labor unions are less prevalent and can't require workers to join. Biden , a Democrat, has described himself as the most pro-union president in history....
Updated: 05/22/2022
FPIs pull out over 35,000 cr in May on rate hike concerns
... market during the period under review, which was separate from equities. High volatility will be part of the routine, with central banks struggling to control inflation, according to Singhania . In May there were outflows from India, including Taiwan, South Korea, Indonesia and the Philippines.
Updated: 05/21/2022
COVID-19 cases spike to over 200,000 in South Korea
This picture released from the Democratic People's Republic of Korea's official Korean Central News Agency shows employees of the Central Ideals Zoo disinfecting the zoo to prevent the spread of COVID 19 in Pyongyang. This picture released from the Democratic People's Republic of Korea's official Korean Central ...
Updated: 05/21/2022
Joe Biden’s plans for more U.S. economic engagement in Asia
... for more U.S. economic engagement in the region. Joe Biden talked about the need to focus on China's rising global power at length as a presidential candidate. After taking office, Asian leaders are still waiting for details on a strategy for more U.S. economic engagement in the region. Before Biden arrived in South Korea on Friday, many officials in the region struggled to understand the Indo-Pacific Economic Framework , the main policy initiative he plans to unveil on the five-day trip. The U.S. ambassador to Japan, Rahm Emanuel , said this week that some governments ...
Updated: 05/21/2022
Hyundai Motor Group to invest $5.54 billion to build EV plants in U.S.
Washington SEOUL Reuters' Hyundai Motor Group said on Friday it plans to invest $5.54 billion to build its first dedicated full electric vehicle and battery manufacturing facilities in the United States. WASHINGTON SEOUL Reuters -- South Korea's Hyundai Motor Group said on Friday it plans to invest $5.54 billion to build its first dedicated full electric vehicle and battery manufacturing facilities in the United States. Hyundai will begin commercial production in early 2023 in Georgia and ...
Updated: 05/20/2022
Hyundai to build $5.5 billion electric vehicle plant in Georgia
... invest more than $7 billion in the U.S. by the year 2025, and reports that Georgia would be the site of the major project for the company. A U.S. official said last week that the announcement would likely happen on May 20 - 21 during President Biden 's visit to South Korea. Kemp said that his office hasn't had a communication with the White House , and that the Georgia deal has been in the works for several months. The governor said that it was a competitive project with several other states that ended up on the ...
Updated: 05/20/2022
Hyundai to invest $5.5 billion to build EV, battery facilities in U.S.
... York Auto Show in New York City. Hyundai Motor Group will invest $5.5 billion to build EV and battery facilities in the U.S. The 2019 Hyundai Kona Electric vehicle is shown at the New York Auto Show in New York City. WASHINGTON SEOUL Reuters -- South Korea's Hyundai Motor Group said on Friday it plans to invest $5.54 billion to build its first dedicated full electric vehicle EV and battery manufacturing facilities in the United States. The company said in early 2023 that Hyundai will begin commercial ...
Updated: 05/20/2022
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