Summary
Hyundai Motor Group has emerged as a formidable global conglomerate, with Hyundai Motor Company at its core, exemplifying a remarkable journey of growth and innovation in the automotive industry. Founded in 1947 as Hyundai Engineering and Construction Co. and evolving into Hyundai Motor Co. in 1967, the group has expanded its reach to over 200 countries, driven by a commitment to “Progress for Humanity” and technological innovation. Hyundai Motor Company has distinguished itself with significant achievements such as developing its first car, the Pony, pioneering the mass production of hydrogen fuel cell vehicles with models like the Tucson FCEV and the NEXO, and launching the luxury brand Genesis.
Hyundai’s product range includes global bestsellers like the Azera, Sonata, Elantra, Tucson, and Santa Fe, along with vehicles tailored for specific markets, showcasing the company’s customer-centric approach and focus on eco-friendly technology. Hyundai has made strides in electrified vehicles and autonomous driving technology, operating the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea, and conducting extensive R&D globally.
The group’s diversity extends beyond automotive manufacturing to steel, construction, parts, financial services, and other sectors, with key affiliates such as Kia, Hyundai Steel, Hyundai Engineering & Construction, Hyundai MOBIS, and Hyundai Capital. These affiliates are critical in supporting Hyundai’s vision, contributing to a robust foundation across industries, and driving innovation and growth. Hyundai Motor Group’s comprehensive approach and relentless pursuit of excellence have solidified its status as a competitive force in the global automotive industry and beyond, continually challenging conventional boundaries and setting new benchmarks for the future.
Timeline
▲ 1947 = Chung Ju-yung founded Hyundai Civil Works Company and later incorporated it into Hyundai Engineering and Construction Co.
▲ 1967 = Hyundai Motor Company is established, marking the company’s entry into the automotive industry.
▲ 1975 = Hyundai launched its first car, the Pony, which was also the first car ever produced in South Korea.
▲ 1986 = Hyundai entered the U.S. market by introducing the Excel model, which garnered a positive response due to its affordability.
▲ 1991 = Demonstrating its growing capabilities in research and development, Hyundai begins to produce its four-cylinder Alpha engines.
▲ 1998 = Hyundai acquires Kia Motors, expanding its footprint in the global automotive market.
▲ 2000 = The company establishes its new millennium strategy, focusing on quality improvement and international expansion.
▲ 2004 = Hyundai opens its first U.S. manufacturing plant in Montgomery, Alabama, significantly boosting its presence in the North American market.
▲ 2008 = Introducing the Genesis luxury sedan marks Hyundai’s entry into the luxury car market.
▲ 2013 = Hyundai becomes the first automaker to mass-produce a hydrogen fuel cell vehicle, the ix35 Fuel Cell (Tucson Fuel Cell in some markets).
▲ 2015 = The company launches its luxury vehicle division, Genesis, as a standalone brand, emphasizing its commitment to the high-end market.
▲ 2018 = Hyundai introduces the NEXO, its next-generation fuel cell vehicle, showcasing hydrogen fuel cell technology advancements.
▲ 2020 = Hyundai announces its strategy to transition into a Smart Mobility Solution Provider, focusing on electrification, autonomous driving, and connectivity.
▲ 2021 = Hyundai continues to expand its electric vehicle lineup by introducing the IONIQ 5, a model under its new Ioniq electric vehicle brand.
