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

• 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.
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