Hyundai Motor Targets 9% Profit Margin by 2030

Hyundai Motor Company has set a target of achieving a profit margin of 9% or higher by 2030, with hybrid vehicles playing a crucial role in this plan. The company's President and CEO, Jose Munoz, stated that hybrids are the most profitable powertrain, outperforming internal combustion engines by 5%. This improved profitability is attributed to economies of scale, optimization of batteries and hybrid systems, and expanded sales.

Hyundai Motor is aggressively expanding its hybrid lineup, aiming to introduce over 10 new hybrid models in the North American market by 2030 and increasing the proportion of hybrid sales to half. The company is confident in its ability to meet this ambitious target, primarily due to cost reduction efforts through its 'Technical Cost Reduction' initiative and the expansion of highly profitable vehicle models.

Hyundai Motor remains committed to autonomous driving, assuring stakeholders that there will be no further delays in the development and production of self-driving vehicles (SDVs). The company's strategy for SDVs involves integrating various electronic control units (ECUs), software internalization, and over-the-air (OTA) updates to lower hardware and memory costs.

For battery development, Hyundai Motor will pursue a 'foundry model,' partnering with external companies to manage production while retaining control over design capabilities. The company will also consider expanding the production capacity of its robot factory in the United States, which will begin operations in 2028, to support market growth.