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Benzinga
Benzinga
Business
Shivani Kumaresan

Hyundai, Affiliates Plan To Set Up New Company In US: Reuters

Hyundai United States HYMTF Hyundai Motor Hyundai Motor Co Wikimedia Commons electric vehicle Georgia
  • Hyundai Motor Co (OTC:HYMTF) is planning to launch a company along with its two affiliates in the U.S., Reuters reported.
  • Through the move, the company plans to strengthen its presence in the U.S. by exploring business opportunities.
  • In May, Hyundai said it would invest more than $10 billion in the U.S. by 2025, to strengthen partnerships with firms in the U.S.
  • Related: Hyundai Motor To Invest $10B In US By 2025
  • The company is already planning to build an Electric Vehicle manufacturing facility in Georgia.
  • Price Action: HYMTF shares closed lower by 6.53% at $33.50 on Wednesday.
  • Photo Via Wikimedia Commons
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