The comprehensive mid- to long-term strategy - presented by President and CEO Wonhee Lee and other executives to various stakeholders, including shareholders and investors - reinforces Hyundai’s plan to lead the future mobility industry as a Smart Mobility Solution Provider.
The updated Strategy 2025 roadmap is supported by three key pillars: Smart Mobility Device and Smart Mobility Service - both part of the original plan revealed in 2019 - as well as H2 Solution, the addition of which reflects Hyundai’s commitment to fuel cell development and commercialization.
Hyundai’s updated strategy aims to
achieve three major directives: enhancing competitiveness of its
automotive business through electrification, establishing a foundation
for becoming a leading mobility service and securing initiatives for a
hydrogen ecosystem. With the aim of offering innovative and
comprehensive mobility experiences to customers while contributing to
the development of industry-wide ecosystem, the updated focuses on four
major business areas - EV, urban air mobility (UAM), autonomous driving
technologies and hydrogen fuel cell system.
At the forum, company
executives, including Albert Biermann, President and the Head of
Hyundai Motor Group R&D Division; Jaiwon Shin, Executive Vice
President and Head of UAM Division; Saehoon Kim, Senior Vice President
and Head of Fuel Cell Center; and Woongjun Jang, Vice President and Head
of Autonomous Driving Center, gave presentations in each major business
area.
Hyundai also unveiled its mid- to long-term financial
goals, which include an investment of KRW 60.1 trillion by 2025,
securing an 8 percent operating margin in the automotive sector and
achieving a 5 percent range of global automotive market share.
