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Hyundai is targeting 5.55 million global sales by 2030 with electrified models expected to make up nearly 60 per cent of the total
Hyundai Motor Company used its first CEO Investor Day outside Korea, held in New York, to spell out its most ambitious transformation plan yet. The carmaker is targeting 5.55 million global sales by 2030 with electrified models expected to make up nearly 60 per cent of that figure. Central to this vision is the consolidation of its EV and hybrid portfolio, new vehicle categories, next-gen software and a massive global manufacturing push.
The Korean auto major wants 3.3 million of its annual sales to come from hybrids, plug-ins, and battery EVs before the end of the decade. To achieve this feat, more than 18 hybrid models will be offered across the group including those of the Genesis. A Palisade Hybrid with next-gen TMED-II tech is already confirmed while Genesis will bring hybrids into its portfolio from 2026 and the luxury arm is currently under consideration for India.
The company is also preparing its first Extended Range EVs for 2027 with up to 600 miles (965 km) of range through advanced battery–engine integration. The product rollout will not be limited to sedans and SUVs. Hyundai confirmed it will re-enter the pickup space in North America with an all-new midsize truck before 2030 – building on the Santa Cruz’s groundwork. Commercial vehicles are also on the radar with plans to grow its van and fuel cell truck offerings in the U.S. market.
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For passenger EVs, the Ioniq 3 has been designed for Europe and India will get its first locally developed Hyundai EV while China will see production of the Elexio SUV and a new electric sedan. Global manufacturing capacity is being expanded aggressively. Hyundai Motor Group Metaplant America (HMGMA) will be scaled to 500,000 units by 2028 – creating 3,000 jobs in Georgia and backed by a USD 2.7 billion investment.
Worldwide, Hyundai aims to add 1.2 million units of output by 2030 with new capacity in Korea, India, Saudi Arabia and other export hubs. Plants will be transformed into “Software-Defined Factories” with automation, predictive diagnostics and Boston Dynamics robotics integrated into the assembly process. Hyundai is betting on battery advancements to drive down costs by 30 per cent and boost energy density by 15 per cent by 2027 as well.
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A cloud-based battery management system, due in 2026, will monitor vehicle fleets in real time to improve safety and longevity. Software-Defined Vehicle (SDV) architecture will underpin future cars, enabling over-the-air updates, AI-driven features, and customised services. By 2030, Genesis wants to move 350,000 cars annually with EREVs, hybrids and BEVs across its entire portfolio as upcoming concepts like the Neolun and X Gran Coupe will preview its future design direction.
A racing program under the Magma badge will funnel motorsport learnings into road cars too. Genesis also plans to expand deeper into Europe and strengthen US operations with localised production. Financially, Hyundai has raised its 2030 investment outlay to KRW 77.3 trillion – split across R&D, capacity building and strategic partnerships.
Revenue growth has been revised up to 5 to 6 per cent annually – though operating margins are trimmed slightly to account for trade complexities. Still, the company is confident of hitting an 8 to 9 per cent margin by 2030. A shareholder return policy guarantees a 35 per cent payout through dividends and buybacks including a minimum KRW 10,000 dividend per share.
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