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

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The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly

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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. read more

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Reporting by Heekyong Yang Editing by Raissa Kasolowsky

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