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Hyundai Motor Aims to More Than Double China Sales Contribution
Hyundai Motor Chief Executive Officer Jose Munoz stated that the company plans to more than double the contribution of the China market to its global sales to around 9% by 2030. To...
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Hyundai Motor Chief Executive Officer Jose Munoz stated that the company plans to more than double the contribution of the China market to its global sales to around 9% by 2030. To achieve this target, the company needs to reach annual sales of approximately 500,000 vehicles in China.

He said the company plans to launch 20 new models, including the Ioniq Venus and Earth concept cars designed specifically for the China market, which were unveiled at an auto show this week. The two models are scheduled to enter production in 2H26.

Related NewsImports YoY for Apr in China is 25.3%, lower than the previous value of 27.8%. The forecast was 15.2%.
He added that China remains the worlds most advanced market for electric vehicles, autonomous driving and automotive software. The company will step up investment in the China market going forward, aiming to capture innovative technologies locally and eventually export them to other regions to help offset the impact of global trade barriers and rising costs. (mn/j)

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