U.S. Electric vehicle charging station Hyundai Motor to lose 800 billion won in U.S. investment by the end of the year

The Biden administration will start repairing industrial infrastructure such as roads, bridges, airports and ports and reducing carbon emissions in a trillion-dollar infrastructure bill, and will install billions of dollars in electric vehicle and electric vehicle battery charging stations across the country by the end of 2022.
The loss in the first half of Hyundai Motor's US investment corporation is a net loss of 801.2 billion won, including autonomous driving Motional, UAM corporation Supernal, and robotics corporation Boston Dynamics.
The size of the loss of Motional was 516.2 billion won in sales of 100 million won in the first half, and the loss was doubled compared to the net loss of 215.8 billion won in sales of 300 million won in the first half of last year, but the ratio was six times larger.
Boston Dynamics, in which Chairman Chung Eui-sun owns a 20% stake, was established in February of this year and recorded a net loss of 196.9 billion won in the first half.
Boston Dynamics, which started as a subsidiary of Hyundai Motor, holds 30% of Hyundai Motor, 20% of Hyundai Mobis, 10% of Hyundai Glovis, and 20% of SoftBank, with the rest being owned by Chairman Chung.
Hyundai Motor plans to invest 30% of Boston Dynamics in HMG Global LLC, a new business investment firm in the United States, and becomes Chairman Chung's American company. Discussions have begun, Reuters reported on the 19th.
The Biden administration's infrastructure law, passed in November last year, will be enforced on expansion repairs at the Port of Tampa in Florida, Pacific Parkway in Nevada, Union Pacific Railroad, and the Burlington Santa Fe Railroad.
White House infrastructure coordinator Mitch Landriu told Reuters that "we're getting the money out the door and we're talking about [the budget use]," he said. We will work to secure it,” he said.
The Biden administration activated the Democratic Party's policy of the Inflation Reduction Act on the 16th, with a policy of raising corporate taxes to large corporations by $790 billion, in response to climate change ($386 billion), in addition to medical assistance ($98 billion), and reducing the deficit by $305 billion to consumers. Up to $7,500 in electric vehicle subsidies.
Chairman Chung Eui-sun met with President Biden in May in Seoul and announced that the US will invest US$10.5 billion by 2025, including US$5 billion in robotics and US$5.5 billion in electric vehicle-only factories in Georgia.
The Wichita Eagle reported on the 23rd of last month that Hyundai Motor's investment in the construction of an electric vehicle battery plant in Georgia will benefit from $1.8 billion.