Hyundai Motor Sets 2030 Sales Target at 5.5 Million Units
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6 Articles
(Seoul = Yonhap News) Reporter Hong Kyu-bin = Hyundai Motor President Jose Muñoz assessed that the global electric vehicle chasm (temporary demand stagnation) has been resolved.
Hyundai Motor President Jose Muñoz assessed that the global electric vehicle (EV) chasm (temporary demand stagnation) has ended. He judged that only the pace of recovery varies by market, noting that a recovery is appearing even in the North American market, where EV growth has been the slowest. Regarding the controversy over the price of the new Avante, he stated that it is the result of high demand coupled with raw material and technology cost…
Hyundai Motor Targets 9% Profit Margin by 2030
Hyundai Motor President and CEO José Muñoz explains the company’s mid-to-long-term business strategy at the 2026 CEO Investor Day. (Photo courtesy of Hyundai Motor) Hyundai Motor Company cited hybrid vehicles as its most profitable powertrain, expressing confidence in achieving an operating profit margin of 9% or higher by 2030. While large-scale investments in future businesses such as software-defined vehicles (SDVs) and robotics continue, the…
Hyundai expects to have 100 new models, among releases and renovations, by 2030, with the goal of reaching 5.55 million units in global sales within five years, while boosting profitability throughout the business, with the view to increasing both its profit and its operating margin by 9% and 11%, respectively. This has been confirmed this Wednesday by the group’s CEO, José Muñoz, during Investor Day of 2026, held in Seoul, South Korea, in which…
Hyundai Motor Company Sets 2030 Global Sales Target at 5.55 Million Units
Hyundai Motor Company announced a new strategic roadmap during its 2026 CEO Investor Day in Seoul on Wednesday, outlining plans to reach 5.55 million units in global annual sales by 2030. The company intends to achieve this growth while simultaneously increasing profitability across its entire business operations. To support these targets, the manufacturer plans to launch an expanded lineup of vehicles and refine its production strategy. The com…
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