📈 Hyundai Motor Targets China Market Revival with 20 New Models

South Korean automaker Hyundai Motor has announced an ambitious "product expansion" strategy in China to regain market share from domestic EV competitors. • Overall Strategy: Hyundai plans to launch 20 new models over the next five years in partnership with Beijing Automotive Group. This represents the company’s most aggressive expansion in the region to date. • Sales Targets: The company has set a firm annual sales target of 500,000 vehicles in China, aiming to more than double its current sales volume. • Product & Tech Highlights: • Launched the IONIQ 5 (China-specific EV) featuring autonomous driving technology from Momenta. • Confirmed the introduction of a new SUV model in 1H 2027. • Supply Chain & Localization: To compete with local manufacturers, Hyundai is deepening ties with CATL for battery supply and Momenta for software, focusing on the Electric Vehicle (EV) and Autonomous Driving sectors. _Summary based on provisional Reuters reports._