Hyundai outlines 2030 roadmap with electrification, regional EVs and SDV tech

Hyundai Motor unveils its 2030 strategy at CEO Investor Day: 5.55M sales target, 60% electrified, new EV models, first EREV in 2027, global production expansion.

Hyundai Motor Company unveiled its most ambitious roadmap yet at the first-ever CEO Investor Day held outside Korea, in New York. CEO José Muñoz confirmed the goal of 5.55 million global vehicle sales by 2030, with around 60 percent of that volume coming from electrified models.

The plan includes more than 18 hybrid models, led by the new Palisade Hybrid featuring the upgraded TMED-II transmission for improved integration and efficiency. The company will also introduce its first Extended Range EVs (EREVs) starting in 2027, offering more than 600 miles of range by combining high-performance batteries with an engine generator. These models aim to bridge the gap between combustion cars and full EVs, providing a purely electric driving feel while lowering costs through smaller batteries.

Region-specific EVs play a central role. The IONIQ 3, previewed as the Concept Three at IAA Mobility 2025 in Munich, targets Europe’s mass-market customers. In China, the locally produced Elexio—fitted with BYD batteries and offering up to 700 km of range—will join a new C-segment electric sedan. India will receive its first locally designed EV, though technical details have yet to be disclosed.

Battery innovation is a core pillar of Hyundai’s strategy. By 2027, the company plans to reduce battery costs by 30 percent, increase energy density by 15 percent, and cut charging times by 15 percent. A cloud-based Battery Management System will roll out from 2026, gathering real-world data for predictive diagnostics.

Hyundai is also accelerating its transition to Software-Defined Vehicles. Its Pleos operating system and next-generation Pleos Connect infotainment platform will deliver user profile personalization, multi-window displays, an in-car app store, and Gleo AI voice assistant. The first models equipped with Pleos Connect are expected in Q2 2026, with over 20 million connected vehicles targeted by 2030.

On the manufacturing front, Hyundai will expand capacity aggressively. The Metaplant America facility in Georgia is on track to reach 500,000 units by 2028, while global output will grow by 1.2 million units through contributions from India, Ulsan, and CKD sites in Saudi Arabia, Vietnam, and North Africa.

Strategic partnerships are another highlight: the collaboration with Waymo has already put IONIQ 5 prototypes with autonomous technology on U.S. roads, and a joint program with General Motors will deliver five co-developed vehicles for the Americas—two pickups, a commercial van, a compact car, and a compact SUV—starting in 2028.

Financially, Hyundai raised its revenue growth guidance to 5–6 percent but adjusted operating margins to 6–7 percent due to newly imposed U.S. tariffs. The company boosted its 2026–2030 investment plan to KRW 77.3 trillion, allocating funds for R&D, production localization, and robotics development to secure its long-term competitiveness.