Urgent.News

What's breaking now, across thousands of outlets.

Business

Hyundai Motor to launch more than 100 new models by 2030

Hyundai Motor will launch more than 100 new models globally by 2030, as it seeks to navigate mounting challenges from tariffs in the United States, rising Chinese rivals and the industry's rapid shift toward future mobility. The automaker unveiled the plan Wednesday at its 2026 CEO Investor Day in Seoul, attended by investors, analysts and credit rating agencies. The new vehicle launches include…

Hyundai Motor to launch more than 100 new models by 2030

Hyundai Motor plans to introduce more than 100 new vehicle models worldwide by 2030, according to a presentation made at the company's 2026 CEO Investor Day in Seoul. The ambitious target comes as the automaker navigates increasing challenges stemming from tariffs in the United States, the emergence of strong Chinese competitors, and the rapid evolution of the automotive industry towards future mobility solutions.

During the event, which drew investors, analysts, and credit rating agencies, Hyundai revealed its comprehensive lineup expansion plan. The new models will encompass both full and partial modifications, as well as derivative versions of existing vehicles. Notably, over 18 of these new arrivals will be entirely novel vehicles entering segments where Hyundai currently has no presence.

Genesis, Hyundai Motor Group's luxury marque, will make its debut with a hybrid model - the GV80 hybrid - slated for release in Korea and the United States during the second half of the year. Following this, an extended-range electric vehicle (EREV) will join the lineup in the first half of the coming year. Additionally, the Tucson SUV and its hybrid counterpart are scheduled for launch in the second half of the current year.

To accommodate this expanded portfolio, Hyundai intends to augment its global production capacity by 1.27 million units by 2030. This growth target will see the company increase output by 500,000 units in North America, 320,000 units in India, and an additional 20 unspecified units.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at koreatimes.co.kr →

More in Business

More from Wednesday 26 August →