Hyundai Motor made a new car for China. The car is called Ioniq V. The company also says it will make 20 electric cars for China in five years. It wants to sell more cars again.
Introduction
Hyundai Motor showed a new car at the Auto China 2026 show in Beijing. The car is the Ioniq V. It is an electric car for China. The company also has a plan. It will make 20 electric cars in China in five years. It will spend more money and work with Chinese companies. Hyundai wants to sell more cars in China.
Main Body
The Ioniq V was at the Auto China 2026 show. The show started on April 25 and ends on May 3. This is the first time Hyundai shows its Ioniq brand in China. The car is a midsize electric SUV. Hyundai made the car with BAIC, its Chinese partner. The car uses batteries from CATL, a Chinese company. The car can drive more than 600 kilometers. It has a big 27-inch screen. It has a voice assistant that uses AI. It has driver help systems from Momenta, a Chinese startup. Hyundai''s boss, Jose Munoz, said the company wants to make cars for China and then sell them to other countries. Last year, Hyundai and its Chinese partner spent 8 billion yuan. They used the money to make cars, build new energy cars, help dealers, and buy parts in China. Hyundai wants to sell 500,000 cars every year in China. That is about 9% of its global sales. Now it sells only 4%. Hyundai also wants to send cars from China to the Middle East and South America. Another boss, Chang Jae-hoon, said China is a very hard market. But he thinks Hyundai can do well again. He said the Ioniq V is the start. He met with the bosses of CATL and BAIC. CATL wants to work more with Hyundai. Park Min-woo, a technology boss, said Hyundai wants to make its own key technologies. But he did not say if Hyundai will use its own self-driving technology in China. The car market in China is very competitive. More than half of new cars are electric. Hyundai used to sell over 1 million cars in China every year. Now it sells less. It must compete with Chinese companies like BYD and Geely. Munoz said China has the best electric cars and software cars in the world. To be good in the world, a company must be good in China.
Conclusion
Hyundai has a plan to sell more cars in China. It will make cars for China. It will work with Chinese companies. It wants to sell 500,000 cars every year. The new Ioniq V is the first step. The company will make 20 electric cars in five years. But the market is very hard. Many Chinese companies are strong. Hyundai must work hard to win.