President and CEO Jaehoon Chang and other executives presented the plans to shareholders and investors, and other various stakeholders at the 2022 CEO Investor Day virtual forum. The company also unveiled targets for sales and financial performance to be achieved by 2030.
The roadmap for Hyundai’s battery
electric vehicle (BEV) is supported by: strengthening BEV lineups,
optimizing manufacturing capacity, and securing hardware and software
competitiveness. Under the plan, the company aims to boost annual global
BEV sales to 1.87 million units and secure a 7 percent level of global
market share by 2030
Hyundai also presented its mid-to long-term
financial goals. The company earmarked KRW 95.5 trillion of investment
for future businesses by 2030, including KRW 19.4 trillion for
electrification and KRW 12 trillion for software capabilities.
By
2030, Hyundai also targets to achieve an operating profit margin of 10
percent or higher in EV businesses by enhancing competitiveness in
hardware and software capabilities with an expanded lineup. On a
consolidated basis, it aims to secure an operating profit margin of 10
percent.
"Hyundai is successfully accelerating its transition to
electrification and becoming a global leader in EVs despite a
challenging business environment caused by the global chip shortage and
ongoing pandemic," said President Chang. "Along with our seamless
efforts to improve EV value, Hyundai will continue to secure its
business sustainability as a Mobility Solutions Provider through
advanced technologies of not only hardware but also software."
Hyundai plans to introduce 17 BEV models; 11 Hyundai marque models along with 6 models from Genesis luxury brand by 2030 as it seeks to expand BEV spectrum.
The new Hyundai BEV models will include three sedan models, six SUVs, one light commercial vehicle as well as one new type model. This year, Hyundai begin sales of the Ioniq 6, followed by the Ioniq 7 in 2024.
Genesis luxury brand, the BEV lineup consists of two passenger cars and four SUVs, including the Electrified GV70 launching this year. Starting in 2025, all newly launched models from Genesis will be electrified.
