South Korean auto giant Hyundai Motor Co. on Thursday revealed its target to sell 8,000 units of its all-new entry-level sport utility vehicle Venue in Korea at a launching event held in Yongin, Gyeonggi Province.

The company received over 3,000 pre-orders for the 2020 Venue SUV and is hopeful of selling 8,000 units this year and 15,000 units per year in the booming SUV market at home.

The Venue is an ambitious model of Hyundai Motor targeting millennials who spend most of their time in urban areas. It is the automaker’s smallest SUV with best-in-class driving performance and spacious interior that can appeal to these customers, according to the company.

The Venue sports is equipped with a 1.6-liter “Gamma” inline four-cylinder (I4) gasoline engine, capable of producing up to 123 horsepower and 15.7 kgf•m of torque, and has two transmission options of six-speed manual transmission (MT) and intelligent variable transmission (IVT).

It offers various driving modes of sports, eco, normal and snow, as well as advanced driving safety features like advanced driver assistance systems, forward collision-avoidance assist, lane keeping assist, driver attention warning and high beam assist.

Hyundai Motor set up the prices of the all-new entry Venue between 14.73 million won ($12,572.55) for the cheapest model and 21.11 million won for the highest trim.

By Lee Jong-hyuk and Lee Ha-yeon

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]