Hyundai Motor to Launch 36 New Models in North America by 2030

Hyundai Motor has announced a major strategic expansion plan, including the launch of 36 new vehicle models in the North American market by 2030. During the annual general shareholder meeting, CEO José Muñoz revealed that the company targets assembling nearly 80% of its vehicles sold in the U.S. domestically by 2030. This localization strategy also involves increasing U.S. supply chain content to approximately 80%, supported by a previously announced $26 billion investment in the region. In addition to its North American goals, Hyundai maintains an ambitious sales target of 500,000 units in China for the current year. These initiatives underscore the automaker's commitment to securing market share and transitioning toward advanced mobility solutions. Analysts view these specific production and localization targets as a bullish signal for the company's long-term growth prospects in critical global markets.