Hyundai lifts margin target, expands US hybrid lineup

SEOUL, Aug 26 : Hyundai Motor on Wednesday unveiled plans to add 1.27 million units of production capacity by 2030 and expand its U.S. hybrid lineups, as the South Korean automaker seeks to lift its operating profit margin above 9 per cent within four years.Hyundai said it would launch or refresh over 100 vehicles globally by 2030, over half of which will be in North America, as it seeks to regain ground against rivals and enter new segments.New models would include the Santa Fe extended-range electric vehicle (EREV), its first EREV that it will build at its Alabama plant, as well as a luxury hybrid model.It is a "product offensive across every region," Hyundai said, adding that it was also targeting ‘white spaces’ where its brand is underrepresented today. "These segments account for roug