HYUNDAI MOTOR GROUP INVESTS TO BE ONE OF THE WORLD’S TOP THREE AUTOMAKERS BY 2030

By Éric Descarries

The Hyundai Group, which includes Hyundai, Kia and Hyundai MOBIS (Mobile and System car parts), has just announced its intention to invest some 24 trillion Won (South Korean) by 2030 in order to increase its production and exports while engaging in electric vehicle-related industries.

To reach this goal, the South Korean automaker is expected to have a lineup of some 31 electric vehicles to meet the growing demand for EVs. The group has announced an increase in domestic production to 1.51 million units and global volume to some 3.64 million units by 2030. Therefore, we can expect to see many new platforms, many of them adopting the IMA (Integrated Modular Architecture) configuration, including the eM platform that many passenger cars will be based on by 2025.