Hyundai Motor Group increases US investment to $26 billion

SEOUL, (Reuters) – South Korea’s Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion.

Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S.

Reporting by Hyunjoo Jin and Heekyong Yang; Writing by Joyce Lee Editing by Ed Davies