Hyundai Motor said it will expand local production and tailor strategies by region while pushing to become an AI-driven technology company, as it faces tariff pressure and supply chain risks.
CEO Jose Munoz said Hyundai plans to increase global annual production capacity by 1.2 million vehicles by 2030 by building more output closer to customers.
Hyundai sold around 4.1 million vehicles last year, with revenue at a record 186.3 trillion won (US$123.7 billion) and operating profit of 11.47 trillion won (US$7.61 billion).
He also pointed to work with Nvidia on AI technologies and robotics, saying the company wants to apply AI to how vehicles are built and operated.
🔗 Source: Yonhap
Originally written by: Grace Priscilla Teo
Source: Tech in Asia
Published on: 26 March 2026
Link to original article: Hyundai ramps up local output, pushes AI shift
