[Hyundai Motor Steps Up Its EV Push in China Amid US Tariff Pressure] South Korea’s Hyundai Motor is intensifying its EV strategy in China, setting an aggressive target of selling more than 40,000 NEVs this year in a bid to reduce its reliance on the US market as US tariff pressure continues to mount. According to industry sources, Hyundai Motor plans to raise NEV production at its joint venture Beijing Hyundai to 41,500 units in 2026, up more than 33-fold YoY; by then, the share of new energy car models in total production will surge from just 0.6% last year to about 20%. Hyundai Motor has also set its total sales target in China for this year, including exports, at 218,000 units, up 10.8% from 2025.
Apr 1, 2026 09:28With Gasgoo Daily, we will offer daily important automotive news in China.
Apr 22, 2025 20:32In the first month of 2025, Chinese automaker BAIC Group reported a total vehicle sales volume of around 120,000 units, marking a 3.5% year-on-year increase, according to the company's WeChat post on ...
Feb 12, 2025 13:57In 2024, BAIC Group achieved annual vehicle sales of 1.71 million units and logged annual revenue of over 480 billion yuan. These impressive results reflect the automaker's ongoing efforts in explo...
Jan 30, 2025 09:00On January 11, BAIC Group held its 2025 work conference, revealing its 2024 performance. The group achieved vehicle sales exceeding 1.71 million units last year, with revenue surpassing 480 billion yu...
Jan 13, 2025 16:23On July 9, BAIC Group announced that it sold a total of 771,000 vehicles in the first half of 2024, with June sales reaching 148,000 units, reflecting a month-on-month increase of 11.44%.
Jul 11, 2024 17:24With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.
Apr 28, 2024 19:21On April 25, the inaugural day of the Auto China 2024, Beijing Hyundai signed a MOU with CATL to cooperate on the former's EV project, jointly developing all-electric vehicle models that caters to con...
Apr 28, 2024 14:30With Gasgoo Daily, we will offer daily important automotive news in China.
Apr 27, 2024 00:07With Gasgoo Daily, we will offer daily important automotive news in China.
Apr 25, 2024 23:43