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.
