Hyundai Motor aims to double China sales, launch 36 new models in North America

Published 26 Mar, 2026 09:42am 1 min read

Hyundai Motor (005380.KS), on Thursday, said it would seek to more than double its China sales in the medium ​term, and it planned to launch ​36 new models in the North ⁠American market by 2030.

Here are some details:

  • At ​its annual shareholder meeting, Hyundai Motor CEO ​Jose Munoz said the South Korean automaker aims to sell 500,000 vehicles annually in China as ​part of its medium-term efforts, which ​would be more than double its current volumes.
  • In North ‌America, ⁠Hyundai Motor said it plans to introduce 36 new models by 2030 in what it described as its most profitable ​region.
  • The figure includes ​variants ⁠of each vehicle model, such as electric, hybrid and gasoline-powered versions. ​Hyundai currently sells 25 models in ​North ⁠America, which includes the US market with 20 models.
  • Shares of Hyundai Motor were trading down 2.5% ⁠at ​0258 GMT, compared with ​the benchmark KOSPI index’s (.KS11), 3.1% drop.
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