Hyundai plans to increase its share of the electric car market to 2030 percent by 7 and to sell 1.87 million electric vehicles annually.
Hyundai Motor Company (HMC) has unveiled a strategic roadmap to accelerate its electrification goal.
In the strategy announced by HMC senior management, Hyundai has set sales and financial performance targets by 2030.
On the roadmap; It is planned to strengthen Hyundai's new generation electric vehicles (BEV), optimize production capacity, and ensure hardware and software competitiveness.
1.87 MILLION ELECTRIC VEHICLES TARGET PER YEAR
In this context, Hyundai aims to increase its annual global electric vehicle sales to 2030 million units by 1.87 and increase its share in the global market to 7 percent.
16 billion dollars will be invested
Allocating an investment of $16 billion for electrification, the company will carry out all its innovations under the Hyundai and Genesis brands.
By 2030, Hyundai aims to achieve a 10 percent higher operating profit margin in electric vehicle sales by increasing its competitiveness in hardware and software capabilities with an expanded product range.
In addition to its existing electric vehicle production facilities in South Korea and the Czech Republic, Hyundai will benefit from its upcoming Indonesian plant.
Hyundai plans 13-14 percent revenue growth and 5,5-6,5 percent annual operating profit margin this year. The company targets total vehicle sales to exceed 4.3 million units.
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