South Korean automaker Hyundai Motor Company announced new, ambitious mid-term growth targets at its first 2025 CEO Investor Day summit in New York, the first time the event has been held outside South Korea. The annual event provides a platform for the automaker to communicate its mid- to long-term strategies to investors and stakeholders.
Speaking at the event, Hyundai Motor president and CEO José Muñoz, announced that the company has set a new target of 5.5 million global vehicle sales by 2030, driven by “strategic product expansion, breakthrough electrification technologies, and software-defined capabilities that will redefine the automotive experience.”
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Mr Muñoz confirmed that the company has increased its planned global investments for the next five years to KRW 77.3 trillion (US$ 55 billion), compared with KRW 70.3 trillion in its five year-plan announced a year ago. The revised financial guidance also raises the company’s revenue growth target by 5–6%; and its operating profit margin target to 6–7%.
By 2030, Hyundai aims to sell 3.3 million electrified vehicles annually, including more than 18 hybrid models and a comprehensive battery electric vehicle (BEV) lineup. The company also plans to expand into new segments, including mid-size pickup trucks and light commercial vehicles, through its recently announced partnership with General Motors.
Hyundai highlighted its progress in the BEV segment, with a strategy based on products designed for specific markets. The company plans to roll out the new Ioniq 3 model in 2026, targeted mainly at the European mass-market; a model locally designed in India; and in China, a new battery-powered sedan will follow the imminent launch of the Elexio BEV. The company also announced that its first Extended Range EV (EREV) models, which bridge the transition to full electrification with a driving range of more than 600 miles, will be launched in 2027.
The company expects next-generation battery technologies to provide cost and performance improvements, and plans to launch a cloud-based battery management system in 2026. Its global manufacturing expansion strategy will integrate its Software-Defined Factory technologies, targeting 1.2 million units across its manufacturing facilities worldwide.
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By GlobalDataThe company confirmed that Phase 2 expansion of Hyundai Motor Group’s plant in Savannah, in the US state of Georgia, will be completed by 2028, increasing the facility’s annual production capacity from the current 300,000 units per year to 500,000 units, with the new US$ 2.7 billion investment creating an additional 3,000 new jobs.
The Genesis luxury brand aims to introduce EREV, hybrid and BEV powertrains across its entire lineup, including its flagship SUV, targeting annual sales of 350,000 units by 2030.
Speaking at the conference, 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. We are delivering comprehensive electrified portfolios across all segments, localizing production in key markets, and leveraging breakthrough technologies from Software-Defined Vehicles to next-generation batteries. Our ability to adapt quickly, combined with the power of Hyundai Motor Group’s 50+ affiliates and our unwavering commitment to customers, will enable us to continue unlocking tremendous value for our stakeholders. It is a great time to be with Hyundai.”
