Hyundai Motor Company (005380) Investor Day 2024 summary

Strategic direction and market positioning

• Achieved record profitability and global sales, with 4.21 million vehicles sold in 2023, a 9.3% operating profit margin, and KRW 162.7T in sales revenue, ranking among the top three automakers and rated "A" by major credit agencies.

• Surpassed 2 million global hybrid sales, ranked No.1 in J.D. Power 2024 U.S. Initial Quality Study, and is expanding the HEV lineup and next-gen hybrid technologies across all brands.

• Emphasizing dynamic capabilities and the Hyundai Way, the company flexibly adapts production and product mix, balancing ICE, hybrid, and EV offerings to match evolving demand.

• Plans to expand hybrid and EREV lineups, targeting 1.33 million hybrid sales by 2028, launching EREV mass production in North America and China by 2027, and introducing EREV with over 900km range.

• Targeting 5.55 million global sales units by 2030, with a strong focus on electrification, mobility services, and expansion into hydrogen energy, autonomous driving, and new mobility services.

Electrification and product innovation

• Committed to launching 23 new EV models by 2030, maintaining a 2 million EV sales goal for that year, and expanding EV sales to 31% of total sales.

• HEV sales volume to increase by 40% by 2028, with regional deployment in North America, Europe, Korea, and other regions.

• Accelerating smart manufacturing with global factory expansion, targeting an extra 1 million units by 2030 and leveraging HMGICS technology.

• Advancing battery technology with in-house design, diversified chemistry (NCM, LFP), next-gen R&D centers, and a 20% energy density improvement by 2030.

• Introducing enhanced safety features and cost-effective, high-performance battery solutions.

Mobility, software, and autonomous driving

• Transitioning to software-defined vehicles (SDV) with centralized E/E architecture, OTA updates, AI-driven features, and an open ecosystem, with mass production starting in 2026.

• Building a future mobility ecosystem via 42dot’s SW platform, with SDV deployment across ICE and EV lineups by 2029.

• Expanding autonomous vehicle foundry business, leveraging U.S. robotaxi experience for global rollout and diversified business models.

• Expanding into hydrogen energy, autonomous driving, and new mobility services, positioning as a mobility and energy leader.

• Investing in global manufacturing flexibility, digital transformation, and strategic partnerships to support growth and innovation across regions.