Hyundai Motor CEO outlines 2026 strategy focused on product quality, employee growth
Seoul, Nov 6
Hyundai Motor Chief Executive Officer (CEO) Jose Munoz emphasised quality, flexibility and employee growth for the automaker's 2026 strategic vision in a town hall meeting with employees, the company said on Thursday.
"Looking toward 2026 and beyond, our strength lies in the quality and safety of our products, the flexibility of our strategy across powertrains and markets, and the talent and commitment of our people," Munoz said in the meeting held Wednesday at the automaker's office in southern Seoul, reports Yonhap news agency.
Munoz expressed confidence in Hyundai's ability to navigate the automotive industry, noting the industry is "transforming faster than ever."
At the meeting, Lee Yeong-ho, executive vice president and head of global operations, said Hyundai is countering rising Chinese competition with "differentiated service experiences, strategic financial partnerships and a strengthened eco-friendly powertrain portfolio."
During the session, Hyundai Motor reaffirmed its long-term goal of achieving 5.55 million vehicle sales by 2030, with electric vehicles expected to account for 60 percent of total sales.
It also stressed that partnerships with technology and mobility firms are driving new opportunities.
The company said collaborations with Google-affiliated Waymo and GM Co. on autonomous and co-developed models are progressing, while robotics initiatives continue to expand the company's mobility ecosystem.
Meanwhile, Naver said on Thursday it will invest more than 1 trillion won ($692.9 million) next year in artificial intelligence (AI) infrastructure and introduce an AI agent across its major services, including shopping and search, as part of its push to become a leading AI company.
"Building upon the solid competitiveness of Korea's core manufacturing industries, including semiconductors, automobiles and batteries, we will accelerate AI transformation and innovation across all Korean industries by adding Naver's unparalleled AI software capabilities," Choi Soo-yeon, chief executive officer (CEO) of Naver, said in a keynote speech at the company's annual tech conference, DAN25, in southern Seoul.
"Based on our full-stack AI technology capabilities, we will contribute to Korea's leap forward in becoming one of the world's top three AI powers," she added.
— IANS
Reader Comments
Hyundai has been doing well in India with their EV lineup. The IONIQ 5 looks promising. Good to see they're taking Chinese competition seriously - we need strong players in the Indian auto market.
Employee growth focus is crucial. Hyundai's Chennai plant employs thousands of Indians - hope this means better training and opportunities for our workforce. Quality products start with happy employees!
While the vision sounds good, I hope Hyundai improves their after-sales service in tier 2 cities. My experience in Pune hasn't been great. The strategy needs to reach all customers equally.
60% EVs by 2030 is ambitious! Hope they make EVs more affordable for Indian middle class. Currently the prices are too high compared to petrol variants. Need better government support too.
Hyundai's partnership with Waymo is interesting. Autonomous driving could be a game-changer for Indian roads, though we have unique challenges here. Safety should remain the top priority.
Good to see Korean companies investing in AI and future tech. Hope Indian automakers like Tata and Mahindra take note and ramp up their innovation game. Competition benefits consumers! 🚗
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