Unveiled marketing group9/11/2023 The platform is expected to bring dramatic innovation in production efficiency through a flexible production system, advanced level automation and digital twin technology. Hyundai Motor Global Innovation Center in Singapore (HMGICS), the cornerstone for innovation in the company’s mobility value chain, will build a human-centered manufacturing innovation platform. Hyundai Motor aims to establish a high efficiency manufacturing process for BEV production to accelerate its transition into electrification. Starting in 2025, all newly launched models from Genesis will be electrified. Genesis luxury brand, the BEV line-up consists of two passenger cars and four SUVs, including the Electrified GV70 launching this year. This year, Hyundai begin sales of IONIQ 6, followed by IONIQ 7 in 2024. The new Hyundai BEV models will include three sedan models, six SUVs, one light commercial vehicle as well as one new type model. Hyundai plans to introduce 17 BEV models 11 Hyundai marque models along with six models from Genesis luxury brand by 2030 as it seeks to expand BEV spectrum. The company aims to take 7 percent market share in the overall global BEV market. Hyundai Motor raised the annual BEV sales target to 1.87 million units by 2030 from previously announced 560,000 units by 2025. “Along with our seamless efforts to improve EV value, Hyundai Motor will continue to secure its business sustainability as a ‘Mobility Solutions Provider’ through advanced technologies of not only hardware but also software.” “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. On a consolidated basis, it aims to secure an operating profit margin of 10 percent. ![]() 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.īy 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 line-up. ![]() Hyundai also presented its mid-to long-term financial goals. 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 The roadmap for Hyundai’s battery electric vehicle (BEV) is supported by: strengthening BEV line-ups, optimizing manufacturing capacity, and securing hardware and software competitiveness. The company also unveiled targets for sales and financial performance to be achieved by 2030. 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. SEOUL, MaHyundai Motor Company today unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. To pursue sustainable progress by enhancing hardware and software competitiveness in EVs, said CEO Chang.The company targets 10% or higher operating profit margin in BEVs On a consolidate-basis, company aims to achieve 10% of operating profit margin.⋯ To spend KRW 19.4 trillion on electrification Hyundai expects to invest a total of KRW 95.5 trillion in future business by 2030. ![]() ⋯ KRW 12 trillion earmarked to boost software competitiveness in areas such as connectivity and autonomous driving ⋯ To introduce an Integrated Modular Architecture (IMA) in 2025 To strengthen competitiveness in BEVs through hardware and software capabilities.To maximize efficiency of lithium-ion batteries to develop technologies for next-generation batteries as part of company’s comprehensive battery strategy.⋯ Company is considering adding a new dedicated BEV production facility.To boost BEV production capability centered on high-demand regions.Hyundai targets to sell 1.87 million BEVs annually by 2030 by strengthening line-up ⋯ To introduce 17 new BEV models by 2030 11 for Hyundai models and six for Genesis luxury brand.Hyundai Motor CEO Jaehoon Chang unveiled the company’s electrification roadmap and strategies at the 2022 CEO Investor Day forum today.
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