Hyundai Motor Group plans to invest $7.4B in US

According to a recent retweet of a CNET article, Hyundai Motor Group puts its money where its mouth is as they plan to invest $7.4 billion dollars into the US in support of #ProgressforHumanity (link opens a new tab).

Retweet shared by Hyundai Motor Group confirming their investment of $7.4 billion in US manufacturing, fuel cell station expansion and other areas.

Progress for Humanity is Hyundai’s commitment to protecting the environment and promoting sustainable solutions. The primary focus is the promotion of reuse, repurpose, and recycling. As stated on their global website, Hyundai imagines a future where “clean energy is not just powering our vehicles but our entire transport systems, factories, generators and even our homes.”

Hyundai is focusing its efforts on the development of hydrogen fuel – a positive energy that only emits water vapour and warm, clean air as a by-product.

Hyundai Motor Group

The plan includes investments in electric vehicle production here in the US, between 2022 and 2025. Additionally, Hyundai plans on building out more hydrogen fuel stations. Currently, the majority of these are located in California. With more fuel cell refueling stations installed across the US, Hyundai could offer the Nexo for sale outside of the Golden State.

Speaking of fuel cells, HMG has also recently annouced they have racked-up one million miles with a fleet of their XCIENT Fuel Cell trucks within the past 11 months. With fuel cell stations scattered about the country, its not a stretch to suggest we may someday see XCIENT fuel cell trucks on the road.

This is a decorative image of a Hyundai XCEINT heavy duty truck driving through a mountain pass.
A Hyundai XCIENT Truck. Credit: Hyundai Motors Group

Farther out investments include air mobility, autonomous vehicles, and robotics.

It is not know if production of the 2022 Hyundai Ionic 5 or Kia EV6 will be slated for the US. Until we know, here are some great images of both.