The package, which corresponds to over 210 billion kronor, includes, among other things, a new steel plant in Louisiana, which, according to Hyundai, will create 1,300 new jobs in the state.
The car manufacturer is the latest in a line of large corporations rolling out multi-billion investments in the USA since Donald Trump took office as president in January.
Trump has repeatedly threatened to impose painful tariffs on companies that do not move their manufacturing to the USA. Hyundai's investment is a "clear sign" that the strategy is working, according to the American president.
Hyundai will produce steel in the USA and its cars in the USA, and as a result, they will avoid paying tariffs, said Donald Trump to reporters on Monday.
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