Hyundai Motor aims to double China sales, launch 36 new models in North America


By Heekyong Yang and Joyce Lee

SEOUL, March 26 (Reuters) – Hyundai Motor on ‌Thursday said it would seek to ‌more than double its China sales in the medium ​term and it planned to launch 36 new models in the North American market by 2030.

Here are some details:

* At ‌its annual shareholder ⁠meeting, Hyundai Motor CEO JoseMunoz said the South Korean automaker aims ⁠to sell 500,000vehicles annually in China as part of its medium-term efforts,which would ​be more ​than double its ​current volumes. * In North ‌America, Hyundai Motor said it plans to introduce36 new models by 2030 in what it described as its mostprofitable region. * The figure includes variants of each vehicle ‌model, suchas electric, hybrid ​and gasoline-powered versions. Hyundaicurrently ​sells 25 ​models in North America, which includes ‌theU.S. market with 20 ​models. * Shares ​of Hyundai Motor were trading down 2.5% at 0258GMT, compared with the ​benchmark KOSPI ‌index’s 3.1% drop.

(Reporting by Joyce Lee and ​Heekyong Yang; Editing by Christian ​Schmollinger and Jamie Freed)



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