05:21 ETHyundai Motor Reaffirms China Commitment at Auto China 2026, Unveils IONIQ V as First Step in New Product Offensive

prnewswire
2026.04.24 09:22
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Hyundai Motor Company reaffirmed its commitment to the Chinese market at Auto China 2026 by unveiling the all-new IONIQ V, the first dedicated IONIQ model for China. The company plans to introduce 20 new models over the next five years, focusing on electric vehicles tailored to local needs. With a combined investment of 8 billion yuan in its joint venture with BAIC Group, Hyundai aims to strengthen its market position and achieve 500,000 annual vehicle sales, emphasizing China's role as a strategic hub for EV innovation.