Morningstar

Hyundai Upgrades Investment in Illinois Manufacturing Plants to $600 Million

Provided by Dow Jones Oct 22, 2026, 4:15:00 PM

By Elias Schisgall

Hyundai Motor is upsizing its investment in Illinois manufacturing by $150 million.

The company's U.S.-based van trailer manufacturing subsidiary, Hyundai Translead, said Thursday that it plans to invest $600 million to build two manufacturing sites in Will County, Ill., expected to create 3,750 new full-time jobs.

Hyundai Translead had previously announced plans to invest $450 million to create 2,500 jobs. The increased investment will fund a third production shift at the new sites.

"Expanding our planned investment reflects our confidence in Illinois, its workforce, and the long-term growth of our U.S. operations," Hyundai Translead Chief Executive Sean Kenney said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

October 22, 2026 12:15 ET (16:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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