S.Korea's Hyundai Motor and its affiliates to jointly set up company in U.S. to explore businesses

Hyundai Mobis

30/06/2022 08:43

SEOUL, June 30 (Reuters) - South Korea's Hyundai Motor Co
 005380.KS  and its two affiliates plan to jointly set up a
company in the United States to explore businesses, Hyundai
Motor said on Thursday. 
    In May, Hyundai Motor Group said it plans to invest more
than $10 billion in the United States by 2025 to strengthen
collaboration with U.S. firms in advanced technology.
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 (Reporting by Heekyong Yang
Editing by Raissa Kasolowsky)
 ((Heekyong.Yang@thomsonreuters.com;))