A new Santa Fe Extended Range Electric Vehicle (EREV) will be built at Hyundai Motor Manufacturing Alabama, the company announced at its 2026 CEO Investor Day.
The new vehicle is part of a new product offensive that will see the launch or refresh of over 100 vehicles globally by 2030, Hyundai Motor Company President and CEO José Muñoz announced.
The new Santa Fe EREV will arrive in the first half of 2027, representing an uncompromising approach to electrification. It is expected to deliver more than 600 miles of total range, combining an EV-like daily driving experience while addressing range and charging anxiety for customers.
Hyundai Motor will add 1.27 million units of global manufacturing capacity by 2030, including 500,000 units in North America, according to the announcement.
The aggressive product offensive reinforces the company’s goal of 5.55 million units in global sales by 2030, while also bolstering profitability across the business.
CEO Muñoz said the company is in an enviable position and will continue to rely on strategic partnerships to scale new technologies across its product line.
“Our fundamentals have never been stronger. Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back. We are bringing more than 100 new models to market by 2030 with multiple powertrain options and raising our operating margin above 9 percent. We are leveraging partnerships to scale new technologies and opportunities and becoming a physical AI company which will produce and deploy robots and robotaxis,” Mr. Muñoz said.