The investments, announced during a visit to Seoul by President Joe Biden, involve robotics, urban air mobility, autonomous driving and artificial intelligence, the group said.
Hyundai Motor Group, which includes Hyundai and Kia, announced plans on Friday to invest $5.5 billion in Georgia to build electric vehicle (EV) and battery plants.
Hyundai’s new electric vehicle and battery manufacturing plants will be located in the southern “Right to Work” state, where unions are less common and cannot force workers to join.
Biden, a Democrat, has called himself the most pro-union president in history. But the deal, announced by Georgia’s Republican governor, demonstrated the compromises the president may have to make when courting investment abroad.
“Hyundai and any company that invests in the United States would benefit greatly from forging partnerships with some of the most highly skilled, dedicated, dedicated workers in the world, wherever you can find, and that’s American union members,” Biden said.
“Any EV and EV battery manufacturing company would be empowered by a collective bargaining relationship with our unions.”
Hyundai Motor Group CEO Euisun Chung did not comment on the US unions.
The new investment brings the projected US total to approximately $10 billion by 2025, up from the $7.4 billion announced last year.
The world’s third-largest automaker by vehicle sales did not say where in the United States the additional $5 billion would be invested.
The automaker said Wednesday it will invest 21 trillion won ($16 billion) by 2030 to expand its electric vehicle business in South Korea.