Hyundai Motor targets 54% rise in EV sales after Q4 profit jump

Hyundai Motor is targeting a 54% rise in electric vehicle (EV) sales in 2023 to 3,30,000 globally and is eyeing its US electric car sales to rise 150% to 73,000 to account for 9% of its US vehicle sales. The South Korean carmaker's net profit for the October-December quarter tripled to 1.7 trillion won ($1.4 billion) and revenue surged 24%.