Hyundai Motor Company has unveiled a comprehensive growth strategy centered on sustainable mobility and manufacturing, aiming to produce 3.3 million electric vehicles (EVs) globally by 2030. Announced at Hyundai’s first CEO Investor Day outside Korea, in New York, this ambitious plan ties economic growth with social responsibility, environmental care, and local job creation.
José Muñoz, Hyundai’s President and CEO, emphasized the company’s transformation into a global leader in electrification. He revealed that electrified vehicles will make up 60% of total sales, equivalent to 3.3 million units, with particularly strong growth expected in North America, Europe, and Korea.
“In an industry facing major transformation, Hyundai is uniquely positioned to win through our unmatched combination of compelling products, manufacturing flexibility, technology leadership, outstanding dealer partners and global scale,” Muñoz said. He also stressed Hyundai’s holistic approach, which incorporates innovative software, breakthrough battery technology, and localized production.
Hyundai’s sustainable mobility strategy is aligned with the company’s ‘Progress to Humanity’ vision—an ethical commitment to cleaner air, stronger economies, and improved quality of life globally. This initiative recognizes that transitioning to emissions-free transportation benefits not only the planet but also local communities that depend on healthy environments.
By 2030, Hyundai aims to hit 5.55 million vehicle sales worldwide, with EVs accounting for 3.3 million. The company plans to launch over 18 new hybrid models and enter new vehicle segments, including its first mid-size pickup truck in five years—a move that can create diverse opportunities for workers and diversify transport options.
A major innovation Hyundai is bringing to the industry is the launch of Extended Range EVs (EREVs) in 2027, which feature in-house developed high-performance batteries. These EREVs promise over 600 miles of electrified driving range with less battery capacity than competitors, reducing resource consumption and environmental impact.
Beyond products, Hyundai is revolutionizing manufacturing with a strong social and environmental focus. The company’s US-based Hyundai Motor Group Metaplant America (HMGMA) in Georgia will scale to a 500,000 unit annual capacity by 2028. This $2.7 billion investment will boost domestic manufacturing, aiming for over 80% of US sales to be made locally by 2030. This shift alone will create thousands of jobs and support local supply chains by increasing domestic content from 60% to 80%.
Furthermore, Hyundai’s commitment to 100% renewable energy across its global operations is underway, with major purchase agreements spanning Korea, the US, and India. Efforts include maximizing water recycling and pursuing carbon neutrality by 2045—moves that improve environmental outcomes and inspire community sustainability.
Hyundai is also adopting software-defined factories which optimize production efficiency using advanced digital technology, minimizing waste, and enhancing worker safety. Hyundai’s luxury brand, Genesis, celebrates its 10th anniversary with one million units sold. It plans to expand in 20 European markets and upscale production in the US, including upcoming EREV models, aiming for 350,000 annual sales by 2030. This growth will underpin high-quality jobs and innovation in luxury mobility.
Financially, Hyundai is ramping up investment with a KRW 77.3 trillion allocation for R&D and strategic initiatives, boosting revenue and operating profit margins. Its leadership envisions not just adapting to trends but leading transformation in electrification and mobility. By combining ambitious production targets with sustainability and local economic growth, Hyundai shapes a future where mobility is clean, inclusive, and socially conscious. As José Muñoz puts it, “We’re not just adapting to change—we’re leading it.” Hyundai’s pathway demonstrates how automakers can power progress while caring for communities and the planet.
