Hyundai Motor Company is targeting 5.55 million global vehicle sales by 2030 as it prepares to launch or refresh more than 100 models over the next four years.
The Korean carmaker outlined the growth strategy at its 2026 CEO Investor Day, with electrified vehicles expected to account for 60% of sales by the end of the decade, up from 23% in 2025.
More than 18 of the planned vehicles will take Hyundai into new products or market segments, with seven models due to arrive over the next eight months.
These include the new Elantra, IONIQ 3, Tucson and Tucson Hybrid, along with Hyundai’s first extended-range electric vehicle (EREV), based on the Santa Fe.
The Santa Fe EREV is due to launch in the first half of 2027 with a targeted total range of more than 600 miles (966km). It will be produced at Hyundai Motor Manufacturing Alabama in the US.
Hyundai president and chief executive José Muñoz says the company is in a strong position to invest in its expansion plans.
“Our fundamentals have never been stronger. Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back,” Muñoz says.
Hyundai is also targeting segments where it currently has limited representation, including body-on-frame vehicles such as a midsize pickup and light commercial vehicles.
Its N performance range is being expanded with a target of 100,000 annual sales by 2030.
Global manufacturing capacity will increase by 1.27 million vehicles over the period, including an additional 500,000 units in North America, 320,000 in India, 200,000 in Korea and 250,000 across completely knocked down (CKD) assembly operations.
Genesis is also set for a significant expansion, including its first hybrid, first EREV and the new GV90 flagship SUV. Hyundai is targeting 350,000 annual Genesis sales across more than 40 markets by 2030.
Beyond vehicle production, Hyundai is increasing its investment in autonomous driving, artificial intelligence and robotics.
The first IONIQ 5 robotaxis for Waymo are due to be delivered in the fourth quarter of 2026, while Hyundai plans to begin deploying Boston Dynamics Atlas humanoid robots at its Georgia manufacturing operation from 2028.
Hyundai is also developing its own battery cells, which it says deliver more than double the output of its previous high-nickel cells while reducing charging times by 40%.
The company has raised its 2030 operating profit margin target to above 9%, compared with its previous guidance of 8% to 9%.
Hyundai reported first-half 2026 revenue of 95.2 trillion won (A$95.8b), up 2.7% after delivering two million vehicles with an operating profit margin of 5.6%.
