Hyundai aims for 10% rise in global sales as it shifts to electric cars

Carmaker, which also owns Kia, missed 2022 targets amid shortage of chips and other vital parts

The carmaker behind Hyundai and Kia has said it aims to increase global sales by 10% this year, as the company accelerates its transition to electric vehicles.

Hyundai Motor Company's new forecasts come despite it having failed to reach its sales targets for 2022 because of supply chain disruptions that resulted in a shortage of semiconductor chips and other vital car parts.