[THE INVESTOR] Hyundai Motor said on Nov. 9 it has officially named its 2020 flagship SUV Palisade, with a plan to debut it at the Los Angeles Auto Show later this month.

The all-new SUV is named after the Pacific Palisades, an affluent and beautiful neighborhood in Southern California, Hyundai said in a statement. 

The three-row Hyundai Palisade will offer spacious eight-passenger seating with high-end materials, advanced convenience and safety features in the cabin, and ample cargo space for growing leisure activities, the statement said.

The Palisade will be introduced at the LA Auto Show on Nov. 28 (local time) and will be launched in the US market in the summer of 2019, it said.

Domestically, Hyundai plans to launch the Palisade next month.

The Palisade is replacing the Veracruz, a large SUV that sat atop Hyundai’s SUV lineup and has been out of production since 2015.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)