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

S.Korea's Hyundai Motor and its affiliates to jointly set up company in U.S. to explore businesses - Copyright Thomson Reuters 2022

By Reuters

Published on 30/06/2022 - 10:10

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.