Hyundai is making a bold move to revitalize its Chinese market share, with plans to double its sales in the country by introducing a staggering 20 new models in the coming years. The South Korean automaker has set its sights on China, the world's largest car market, in a bid to regain lost ground and stay competitive. However, the success of this ambitious strategy may have far-reaching implications for Hyundai's electric vehicle (EV) ambitions in the US, where the company is investing heavily in EV production. With the US market becoming increasingly dominated by EVs, Hyundai's ability to adapt and innovate in China could prove crucial to its future success in the US EV market.
Hyundai Aims to Double China Sales With 20 New Models—And Its US EV Future May Depend on It Autoblog