Hyundai Motor to expand global production capacity, launch over 100 models by 2030

Hyundai Motor to expand global production capacity, launch over 100 models by 2030 (Photo: Yonhap)

Seoul, (IANS): Hyundai Motor said on Wednesday it plans to expand its overall production capacity by 1.27 million units by 2030 while rolling out more than 100 new and updated models to strengthen its presence in the global market.

Hyundai Motor CEO Jose Munoz outlined the plans at its CEO Investor Day event in Seoul as it seeks to bolster its competitiveness amid intensifying competition, particularly from Chinese rivals.

The South Korean automaker said it plans to introduce scores of brand-new or updated models within the decade, including facelifts, partial redesigns and other variants, with 18 all-new models included in the lineup, reports Yonhap news agency.

The company plans to launch the Genesis GV80 hybrid in South Korea and the United States later this year, followed by an extended-range electric vehicle (EREV) in the first half of 2027.

The Tucson SUV, one of Hyundai Motor's bestselling models, and its hybrid variants are also scheduled for launch in the second half of this year.

To support its expanded lineup and sales targets, Hyundai Motor plans to significantly increase its global production capacity by 2030, up from about 5 million vehicles at present.

The goal includes 500,000 units in North America, 320,000 in India, 200,000 in South Korea and 250,000 through completely knocked-down (CKD) production.

The company maintained its previously announced sales targets, including global sales of 5.55 million vehicles by 2030 and raising the share of electrified vehicles to 60 percent of total global sales by the same year.

Hyundai Motor also raised its 2030 operating margin target to above 9 percent from the previously projected range of 8-9 percent.

It maintained its 2026 margin guidance at 6.3-7.3 percent despite a challenging business environment marked by U.S. tariffs, geopolitical tensions in the Middle East and intensifying competition with Chinese rivals.

Munoz identified hybrids as "the biggest opportunity" in the U.S. market, as the company aims to cut raw material costs for hybrid vehicles by 20 percent by 2030.In North America, Hyundai Motor plans to launch 10 new hybrid electric vehicle (HEV) models by 2030, led by the GV80 hybrid, and raise hybrids to 50 percent of its sales in the region. Hyundai Motor to expand global production capacity, launch over 100 models by 2030 | MorungExpress | morungexpress.com

Read More........ → August 28, 2026

Chinese Man Takes Paralyzed Wife on Epic Road Trip: ‘Die On the Road, Not in Hospital’

– credit, retrieved from social media

Like any pair of baby boomers in America, Liu Peijin and his wife dreamed as newly-weds of a grand tour around their native China.

Marrying out of high school, they had a normal enough life—with Mr. Liu embarking on a long career in the military, and his wife raising children at home.

But as retirement age beckoned and the chance for their dream road trip seemed to materialize, complications with diabetes left Liu’s wife partially paralyzed, and the prospects of a road trip around one of the world’s largest countries in tatters.

Or so it seemed. After agreeing they “would rather die on the road than in a hospital bed,” the couple set out in their car across coastal Jiangsu and Zhejiang provinces in 2014.

Their daughter initially objected due to the medical needs of her mother, but the time away from hospital gradually rejuvenated the woman. Now years later, Mr. Liu has said their time continuously exploring the Middle Kingdom has made his wife “100 times” more spirited.

Over a decade later and she has avoided muscle and joint atrophy despite being wheelchair bound from paralysis on her left side. She’s maintained good coordination, and can communicate largely as before, though solid food is becoming a slightly greater challenge.

It wasn’t long after they first set out that Liu managed to replace the car with a camper van, which he equipped with a kitchen, two beds, and a dining table. He keeps it stocked with medical supplies as he essentially has become the woman’s full-time nurse and caregiver, ensuring she does rehabilitation exercises, takes her medicine, and enjoys regular foot soaks for diabetes.

At publishing time according to an article on their travels in South China Morning Post, the couple have, like the metaphorical boomers in their Winnebago visiting almost all 50 states, made it to 31 out of 33 Chinese provinces.

Throughout all of them, people have been inspired by Liu’s dedication, and the couple’s bravery to shirk elderly convention. In 2017, in Hubei Province, local staff volunteered to hoist the woman up—wheelchair and all—and carry her across a scenic area to the only sightseeing vehicle.

Liu told local news outlets that he cherishes this kind of help, and tries to maintain contact with people when he’s able.The couple are currently planning a visit to some lesser-known locations across the country for their next adventure. Chinese Man Takes Paralyzed Wife on Epic Road Trip: ‘Die On the Road, Not in Hospital’

Read More........ → August 27, 2026