The new investment comes ahead of Trump’s April 2 tariff deadline. Hyundai is already one of the top EV sellers in the US. The IONIQ 5 was the fourth top-selling EV in the US last year behind the Tesla Model Y, Model 3, and Ford’s Mustang Mach-E.

Hyundai already makes cars in the United States, in Georgia and Alabama. Hyundai Motor, a South Korean conglomerate known for its automobiles, will invest $21 billion to expand manufacturing in the United States in what President Trump said was proof that his tariff policies were creating jobs.

Hyundai plans to build a steel mill in Louisiana to support more auto production in the U.S., aiming to reduce its exposure to tariffs and complex global supply chains for critical materials. The deta

South Korea's Hyundai Motor Co. will reportedly announce Monday a $20 billion investment in new American facilities to offset President Donald Trump's tariffs and a looming trade war.

President Donald Trump touted the $5.8 billion manufacturing facility’s announcement as proof that his plan to impose tariffs on other countries is working.