Chairman Hyundai meets President Biden, announces “$ 7 billion” investment | Joongang Ilbo | JoongAng Ilbo

Ⓒ JoongAng Ilbo / JoongAng Ilbo Japanese version2022.05.20 11:44

US President Joe Biden, who will visit Korea on the 20th, will meet with Chung Eui-sun, chairman of Hyundai Motor Group.

“President Biden will meet with Hyundai CEO in Seoul on the 22nd,” Reuters reported on the 19th (local time), citing the words of US National Security Adviser Sullivan. He then said, “To thank you for your investment in (modern car) Georgia.” It has not been confirmed whether they will meet alone or with the general of the domestic conglomerate.

According to Reuters, Governor Brian Kemp of Georgia has officially announced that Hyundai will invest more than $ 7 billion (about 8.9 trillion won, about 890 billion yen) in Georgia during President Biden’s visit to Korea. I will announce it.

Georgia said on the 18th (local time), “During President Biden’s visit to Korea, Georgia will also hold a serious press conference at the Bryan County factory site near the port of Savannah.” This is the place where several foreign media reported as the planned construction site for Hyundai’s electric vehicle factory.

The Associated Press also reported on the 13th that Hyundai announced the construction of an electric vehicle factory in Georgia during President Biden’s visit to South Korea. At the time, the Associated Press predicted that “Hyundai’s electric vehicle plant in Georgia will create 8,500 jobs.”

◆ 21 trillion won investment in electric vehicle field in Korea

The Hyundai Group has announced an investment plan related to electric vehicles in order to secure the expanding electric vehicle market first. Hyun-dae’s North American Headquarters Director Jose Munoz said at a press conference at the 2022 Consumer Electronics Show (CES) held in January, “The important trend in the US market is’electricity’, and the total sales volume is 10 % Is an eco-car, “he said.” We are ready to raise the eco-car sales ratio to 40-50% by 2030. “

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To this end, Hyundai has announced plans to invest $ 7.4 billion (9.4 trillion won) in the United States by 2025. Hyundai has established and operates the Alabama plant in the United States since 2006, and Kia has established and operates the Georgia plant since 2009.

The same is true in Korea. Hyundai Motor Kia announced on the 18th that it will invest a total of 21 trillion won in the domestic electric vehicle field by 2030. The core content is to build a new concept platform vehicle (PBV) plant with an annual production capacity of 150,000 units on a site of 66,000 square meters (20,000 tsubo) at the Hwaseong plant. Once the investment is completed, the annual number of electric vehicles produced at domestic plants such as Ulsan, Asan, Huacheng and Gwangju will increase to 1.44 million. Last year’s domestic plant produced 350,000 electric vehicles.

Meanwhile, President Biden will visit Samsung Electronics’ Pyeongtaek semiconductor factory on the afternoon of the first day of his visit to Korea, and the next day he will attend an official welcome dinner and a business round table attended by business people.

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