The South Korean giant of the Hyundai wagons unveiled $ 21 billion (16.3 billion pounds Sterling) in the United States.
The plan includes a new steel factory of $ 5.8 billion in the southern state of Louisiana.
Hyundai also said that it would expand its production of American vehicles and will invest billions of dollars in new technologies, including autonomous driving and artificial intelligence (AI).
The announcement alongside US President Donald Trump is involved while his administration should impose new prices on business partners from April 2.
“The money tried. We want to keep it like this,” said Trump during the White House event on Monday.
“This investment is a clear demonstration that works very strongly.”
Trump added that more prices on vehicle imports are expected to be announced this week.
Hyundai said that the new steel installation will produce more than 2.7 million metric tonnes of steel per year and will create more than 1,400 jobs.
He should steel for Hyundai plants in Alabama and Georgia.
The announcement also includes plans to invest $ 9 billion to increase business production in the United States to 1.2 million vehicles per year by 2028.
Hyundai also said that he had affected $ 6 billion to extend partnerships with American companies to develop technologies, including autonomous vehicles, robotics and AI.
On Wednesday, Hyundai Motor is expected to organize an opening ceremony for a new car and battery factory of $ 7.59 billion in Georgia.
It already has a manufacturing plant in Alabama and its affiliate Kia has a factory in Georgia.
When they are fully operational, the three factories will have the capacity to make one million vehicles per year, said the company.
Hyundai also said that it would buy $ 3 billion in liquefied natural gas (LNG) in the United States.
Since Trump’s return to power, several companies have announced its intention to make significant investments in the United States.
But some announcements have been reiterations of previously published plans.
During Biden administration, Hyundai said that it would invest about $ 10 billion in new technologies by 2025.
The last announcement occurs only a few days before Trump said he would impose reciprocal prices on the countries of the world.
The latest series of import taxes could potentially target the country of origin in South Korea in Hyundai, which has an important trade surplus with the United States.
Last month, Trump ordered an import tax of 25% on all steel and aluminum entering the United States.
He also extended the samples to include hundreds of metallic products, nuts and bolts with drinking cans.
In recent weeks, American car manufacturers, including General Motors and Ford, have called on the American president to exempt imports from cars and vehicle parts from new prices.
