Prime Highlights
- Hyundai to launch or refresh over 100 vehicles globally by 2030, more than half in North America.
- Hybrid sales climbed 71% in the second quarter amid strong demand for fuel-efficient vehicles.
Key Facts
- Hyundai raises 2030 operating margin target above 9%, targeting 5.55 million global vehicle sales.
- Electrified vehicles expected to reach 60% of sales by 2030, up from 23% in 2025.
Background
Hyundai Motor has unveiled plans to add 1.27 million units of production capacity by 2030 and expand its U.S. hybrid lineup, as the South Korean automaker works to lift its operating profit margin above 9% within four years.
The company reaffirmed its target of 5.55 million global vehicle sales by 2030, representing a 6% market share, with electrified vehicles expected to make up 60% of sales, up from 23% in 2025.
Chief Executive Jose Munoz said Hyundai’s fundamentals have never been stronger, highlighting the strength of Hyundai Motor Group’s global position. Hyundai, together with affiliate Kia Corp, ranks as the world’s third-biggest automaker by sales.
Rising demand for fuel-efficient vehicles has supported strong momentum for hybrids, with Hyundai’s hybrid sales climbing 71% in the second quarter. The company plans to launch or refresh more than 100 vehicles globally by 2030, with over half arriving in North America, including the Santa Fe extended-range electric vehicle built at its Alabama plant and a new luxury hybrid model.
Hyundai also outlined growth plans in robotics, autonomous driving and robotaxis. IONIQ 5 deliveries to Alphabet’s Waymo for robotaxi use will begin in the fourth quarter of 2026, while its Motional venture prepares to launch driverless commercial services in Las Vegas later this year.
The company plans U.S. robot production from 2028 and will deploy Boston Dynamics’ Atlas humanoid robot at its Georgia plant.
Hyundai will also bring online a 100-megawatt AI data center from 2029 and continue a shareholder payout ratio of at least 35%.
