Overview
- Hyundai revealed the plan at its 2026 CEO Investor Day on Wednesday and set targets of 5.55 million annual vehicle sales by 2030, an operating margin above 9 percent, and a 60 percent electrified sales mix.
- The Santa Fe extended‑range EV will be built at Hyundai Motor Manufacturing Alabama and is scheduled for early 2027, with the company saying the dual‑motor SUV will deliver more than 600 miles of combined range while using a battery less than half the size of a typical EV.
- Genesis will follow with an EREV due early 2027 that Hyundai says will exceed about 1,030 kilometres of combined range and will debut the company’s new high‑nickel, higher‑output battery cells that it claims cut charging time by roughly 40 percent.
- To support the product blitz Hyundai will add 1.27 million units of global capacity by 2030, including 500,000 in North America and a target to raise end‑part local sourcing above 80 percent, with seven new vehicles due within the next eight months.
- Hyundai also laid out staged autonomy and AI steps—Waymo Ioniq 5 deliveries begin Q4 2026, Motional robotaxi services expand in 2026–2027, a Level 2+ consumer ADAS arrives in 2028 and a 100 MW AI data centre is planned from 2029—which together aim to speed robotaxi rollouts, data collection and recurring software revenue while pricing and market availability remain unspecified.