Hyundai Motor Company CEO on doubling down on EVs: ‘We see the reality and the future differently’
Speakers
José Muñoz
— Global Chief Operating Officer, Hyundai Motor Company
Scott Strazik
— CEO, GE Vernova
Summary
Hyundai Motor Company CEO José Muñoz discusses the company's strategy to double down on electric vehicles, including hybrids and robotaxes, despite slower growth expectations. GE Vernova CEO Scott Strazik talks about automation and job growth in manufacturing from AI infrastructure investments. The conversation highlights the re-industrialization of America and the future of transportation.
- Hyundai is investing $26 billion in the US, focusing on EVs, hybrids, and robotaxis.
- EV sales increased 40% in March, driven by fuel prices.
- Hyundai expects EV mix to be 10-15% by end of decade, down from initial estimates.
- Hybrids account for 61% of Hyundai's Q1 sales, seen as a bridge to electrification.
- GE Vernova has added 1,800 production workers and 280 automation machines in the US.
- Automation complements job growth by handling dull, dirty, and unsafe tasks.
- Both CEOs emphasize job creation from their investments in American infrastructure.
- The discussion covers the adjustment of EV strategies in response to market realities.
Trade Ideas
Bullish on Hyundai's EV and hybrid strategy.
Hyundai is doubling down on EVs with an adjusted strategy that includes hybrids, extended range EVs, and robotaxis, seeing the reality and future differently from competitors. They are committed to EV technology despite slower growth expectations, and hybrids are booming as a bridge to electrification, which positions Hyundai competitively.
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This CNBC video, published April 15, 2026, features José Muñoz discussing HYMTF. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: José Muñoz · Tickers: HYMTF