Spanish José Muñoz announces a major Hyundai offensive: "We invest while others cut back"
The Madrid executive –first non-Korean president and CEO of the world's third-largest car company– announced the launch of more than 100 new models and an increase in its global production capacity by 1.27 million vehicles by 2030.
Hyundai Motor Company plans to launch 100 new models by 2030, including hybrid and electric vehicles, as part of a major offensive to counter new Chinese manufacturers and US tariffs. The company's CEO, José Muñoz, announced the plan at the CEO Investor Day in Seoul, aiming for 5.55 million global sales by 2030 and an operating margin of over 9%.
Hyundai will increase its global production capacity by 1.27 million units, with significant investments in North America, India, and Korea. The company also plans to deploy humanoid robots Atlas in its US plant and increase electric vehicle sales in Europe to over 420,000 units by 2030.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
