Hyundai Announces 2025 Strategy - Carfoni

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Hyundai Announces 2025 Strategy

Monday, December 9, 2019

Hyundai has announced its roadmap for mobility solutions. The South Korean company will invest $ 51 billion in diversification in line with its 2025 strategy.

Hyundai will also increase its operating margin to 8 percent and target a 5 percent market share.

In addition, Hyundai plans to buy back 300 billion Korean Won (approximately $ 250 million) in February 2020 and aims to increase the value of its shareholders and stakeholders and expand its transparent communication in the market.

Within the new roadmap called Strategy 2025, the company's business plan is divided into two main branches: Rational Mobility Tools and Rational Mobility Services. With the synergy between these two lines of business, Hyundai is expected to become the Rational Mobility Solution Provider.

HYUNDAI WILL GIVE WEIGHT TO SMART MOBILITY INVESTMENTS

The Rational Mobility Tools line of business will provide products optimized for services and serve as the key to the advancement of the service sector. On the other hand, the Rational Mobility Services business line will provide the services of personalized content and tools to reach a wider customer base.

HUMAN BEARING DRONE TYPE VEHICLE WILL BE PRODUCED

Hyundai's Rational Mobility Vehicle plans will include a wide range of products beyond cars such as Personal Aircraft (PAV), robotics and end-transport mobility, the ultimate pillar of transport. Hyundai will consolidate its production facilities and download products from the bands that will provide customers with perfect mobility.

The Rational Mobility Service will be a whole new field to play a key role in Hyundai's future business. The services and content will be personalized and provided from an integrated platform to maximize customer experience.

Under these two main paths, there are three directions the company has set: increasing profitability in vehicles with an internal combustion engine, leading the way in electric vehicles and creating the basis for platform-based work.

Aiming for balanced and stable growth in Strategy 2025 for vehicles, Hyundai will maintain a balance between markets and models; and prioritize long-term sustainability based on short-term objectives.

The company is also looking for plans to increase profitability in order to create value for customers and will create innovations in cost structures.

TARGET TO BE ONE OF THE FIRST THREE MANUFACTURERS

In line with this, Hyundai aims to reach 670 thousand electric vehicle sales annually and to take the lead and to become one of the world's 3 manufacturers of battery and fuel cell electric vehicles by 2025.

On the rational Mobility Services side, the company's goal is to create a business line that combines products and services, and to create an integrated mobility platform that provides personalized content and services to customers.

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