Hyundai plans 100 new models by 2030 and will expand hybrid output in US
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Hyundai Motor Co. plans to launch more than 100 new or updated models globally by 2030, with over half aimed at North America. The company also intends to add 1.27 million units of production capacity and expand hybrid vehicle output in the United States. The plans were announced at Hyundai's investor day on August 27, 2026.
Key Facts
- Hyundai plans to add 1.27 million units of production capacity by 2030.
- More than half of the 100 new or updated models will be for North America.
- Hyundai targets global sales of 5.55 million vehicles by 2030, with about 60% being electric vehicles.
- Hyundai expects operating margin to exceed 9% in 2030, up from a forecast of 6.3-7.3% in 2026.
- Hyundai Motor Group, including Kia and Genesis, sold 7.27 million vehicles in 2025 and earned a net profit of 17.9 trillion won ($12.4 billion).
Production Expansion
Hyundai Motor Co. announced plans to increase production capacity by 1.27 million units by 2030. The company will expand hybrid vehicle output in the United States, including production of a Santa Fe electric vehicle with extended range at its Alabama plant. Hyundai described the initiative as an 'offensive in all regions' and aims to enter 18 new market segments, including mid-size pickups, small commercial vehicles, and body-on-frame vehicles.
Sales and Profitability Targets
Hyundai confirmed its goal of reaching global sales of 5.55 million vehicles by 2030. Electric vehicles are expected to account for about 60% of those sales, compared with 23% in 2025. The company forecasts an operating margin of 6.3-7.3% in 2026 and expects it to exceed 9% in 2030.
Global Market Position
Hyundai Motor Group, together with Kia Corp., ranks third among global automakers by sales volume. In 2025, Toyota Motor Corporation sold 11.32 million vehicles, Volkswagen AG sold 8.98 million, and Hyundai Motor Group sold 7.27 million vehicles across its Hyundai, Kia, and Genesis brands. Hyundai Motor Group reported revenue of 200.4 trillion won ($138.7 billion) and net profit of 17.9 trillion won ($12.4 billion) for 2025.
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Hyundai plans 100 new models by 2030 and will expand hybrid output in US
