Hyundai Motor unveils bold 2030 vision

NEW YORK: Hyundai Motor Company has unveiled its most ambitious growth strategy at the company’s first CEO Investor Day held outside of Korea.

Speaking in New York, CEO José Muñoz said, "In an industry facing unprecedented transformation, Hyundai is uniquely positioned to win through our unmatched combination of compelling products, manufacturing flexibility, technology leadership, outstanding dealer partners and global scale."

Hyundai Motor aims to achieve 5.55 million global vehicle sales by 2030, and electrified vehicles are expected to account for 60% of total sales, reaching 3.3 million units, with significant growth anticipated in North America, Europe and Korea.

The company will expand its hybrid lineup to more than 18 models by 2030, including the introduction of Genesis hybrid models starting from 2026.

The all-new Hyundai Palisade Hybrid will also showcase next-generation TMED-II technology, offering enhanced performance and fuel efficiency.

Hyundai Motor will launch its first mid-size pickup truck before 2030 in North America.

Meanwhile, the Ioniq 3 will highlight Hyundai Motor’s aim to target European mass-market customers with next-generation infotainment systems.

India will receive the country's first electric vehicle (EV) designed specifically for local drivers, while the market will also benefit from a localised supply chain.

China gets the locally produced Elexio SUV and C-segment electric sedan, marking a major milestone in Hyundai Motor's Chinese market commitment.

These additions will complement the existing EV lineup – including Ioniq 5, 6 and 9.

Launching in 2027, extended range EVs (EREVs) will utilise high-performance batteries and motors to deliver EV-like driving experiences with more than 600 miles (960km) of range through optimized battery-engine integration.

Unlike conventional EREVs, Hyundai’s approach utilises in-house high-performance batteries, achieving full EV power performance with less than half the battery capacity.

The high-performance N lineup will expand to more than seven models by 2030, targeting over 100,000 global sales.

The all-new Ioniq 6 N will introduce a new paradigm for high-performance EVs, featuring three temperature optimization modes and signature N sensory engagement technologies.

In the commercial vehicle segment, Hyundai Motor will expand its portfolio in the North American market.

This includes existing XCIENT fuel cell trucks and Hyundai Translead trailers, along with plans to enter the electrified large van market.

These offerings will leverage the company’s existing commercial vehicle production hubs to support sustainable logistics solutions.

Meanwhile, Hyundai Motor Group Metaplant America (HMGMA) is set to reach a total production capacity of 500,000 units by 2028, focusing on hybrid and electric vehicles.

This expansion will create 3,000 direct and indirect jobs in Georgia and involve a US$2.7 billion (RM11.37bil) investment over three years.

Hyundai Motor aims to produce more than 80% of vehicles sold in the United States domestically by 2030, with supply chain content increasing from 60% to 80%.