Hyundai Way to Chart Future Mobility Vision

‘Hyundai Way’ Strategy to Strengthen Global Mobility Leadership

Hyundai Motor Company unveiled its mid- to long-term future strategy, “Hyundai Way,” at the 2024 CEO Investor Day held in Yeouido, Seoul, on August 28.

This strategy aims to strengthen Hyundai’s leadership in the global market by focusing on mobility and energy, with a plan to invest 120.5 trillion KRW over the next decade.

The goal is to further solidify Hyundai’s position as a global top-tier company in the electric vehicle (EV) and hybrid vehicle markets.

Hyundai Motor Company announced that it will invest an average of 12 trillion KRW annually over the next 10 years, with a focus on expanding its core competencies in vehicle manufacturing, exploring various mobility businesses, and enhancing its role as an energy provider to accelerate the transition to a hydrogen society.

Jaehoon Chang, President and CEO of Hyundai Motor, explained, “Hyundai Way is a strategic approach designed to secure sustainable leadership in an uncertain market environment. It focuses on the two pillars of mobility and energy to shape a new future.”

Hyundai plans to expand its EV sales to 2 million units by 2030 and accelerate the transition to electrification by introducing new hybrid systems and Extended Range Electrified Vehicles (EREV).

The company will also strengthen its battery capabilities to enhance EV performance and safety while driving innovation in mobility with Software-Defined Vehicles (SDVs) and various new business ventures.

Through this strategy, Hyundai Motor aims to enhance its global competitiveness and achieve an operating profit margin of over 10% on a consolidated basis by 2030. The company is committed to ongoing investments and execution plans to achieve these ambitious goals.

Editor 드라이버M
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