Context of Amount to
Investment is already pouring into the U.S. from domestic and foreign companies. For example a group of auto makers—including General Motors, Honda Motor, Hyundai Motor, BMW Group, and Stellantis—are investing $1 billion through a joint venture to build charging ports across the country, while Ford Motor has partnered with battery maker SK On to build three battery plants in the South. About 270 new projects have been announced, amounting to roughly $130 billion in investment and creating about 90,000 jobs. Many are in red states, giving economists confidence that even a return to Republican rule won’t lead to a wholesale reversal of the trend.
–Barron’s