1. Type of plan : New Product Unveiling for HD(Avante)
(a follow-up replacement to Avante XD)
2. Contents & Schedule
1) R&D Period : 24 months
2) total investment : KRW 123.8 billion
3) Product Concept : “High-touch dynamic Sedan”
4) Features :
i) Application of new platform and installation of new technology Gamma engine.
ii) A streamlined body and dynamic external & internal design.
iii) Safe and comfortable options developed by the latest high technology
5) Planned sales launch in May 2006
6) Expected Effects
i) Sales Target : Total 160,000 units in 2006
- Korea : 60,000 units
- Overseas : 100,000 units
ii) Long-term Target : 300,000 units per annum
3. Date of Press Release : April 27, 2006
4. Launching Information :
- Launching on April 27, 2006 at Busan Motor Show in Korea
5. Others :
- The above data are Hyundai Motor’s internal forecasts and targets and may be subject to change depending on external business circumstances and other conditions.
- For more information, please refer to the Hyundai Motor Company homepage (http://www.hyundai-motor.com
* Date of Related Disclosure (Korea Stock Exchange)
: Future Business and Management Plans, April 14, 2006