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Hyundai Motor Company Research Report

About Company

Hyundai Motor Company, frequently shortened to Hyundai Motors and typically recognized as Hyundai, is an international South Korea-based carmaker with its headquarters in Seoul, South Korea.




Hyundai Motor Company came into existence in 1967. Presently, Hyundai Motor Company is the 33.88% stakeholder of Kia Corporation. Furthermore, HMC is the 100% proprietor of two brand names comprising its deluxe vehicles ancillary, Genesis Motor, and Ioniq, an electric car sub-variety.

Those three trade names jointly constitute the Hyundai Motor Group.

Hyundai runs the biggest integrated car-making hub across the world in Ulsan, South Korea. The yearly output potential is 1.6 million units. It specializes in manufacturing luxury vehicles, coupés, engines, and commercial vehicles.

The automaker recruits around 75,000 personnel around the world. Hyundai car sales occur in one hundred and ninety-three nations via five thousand franchises and retail outlets.

What type of company is Hyundai Motor Company?

Hyundai Motor Company is a publicly-traded company.

To which industry does Hyundai Motor Company belong?

HMC belongs to the automotive industry.

How many employees work for Hyundai Motor Company?

The giant automaker hires over 75,000 people around the world.

When was Hyundai Motor Company established?

The South Korean car-making behemoth came into existence on December 29, 1967; 54 years back.

Who is the originator of HMC?

The originator of the South Korea-based company is Chung Ju-yung, a business tycoon and industrialist who set up the Hyundai Groups in South Korea.

Where are the headquarters of Hyundai located?

The organization has its central office in Seoul, South Korea.

Which area does Hyundai Motor Company serve?          

The company has a global client base.

Which firms are the proprietors of Hyundai Motor Company?

The following people and entities are the stakeholders of HMC:

  • Chung Eui-sun – 2.62%
  • Chung Mong-koo – 5.33%
  • National Pension Service – 8.79%
  • Hyundai Mobis – 21.43%

Which is the parent organization of HMC?

The parent organization of this South Korean carmaker is Hyundai Motor Group (from 2000–the present).

What are the divisions under Hyundai Motor Company?

Hyundai Motor Company consists of the following units:

  • Ioniq
  • Genesis
  • Kia

Which are the top Eight Genesis and Hyundai car manufacturing nations in 2021?

Top Eight Genesis and Hyundai car manufacturing by nation, 2021
Nation Rank Car manufacturing
South Korea 1 1,646,888
India 2 635,413
China 3 360,565
United States 4 288,967
Czech Republic 5 275,620
Russia 6 235,157
Brazil 7 188,349
Turkey 8 161,500



Hyundai Motor Company Timeline

1967-2000

2000

Produced the 1st passenger diesel engine in Korea and big commercial engine

The launch of the 4 mid and big-sized bus prototypes

Designed Santa Fe, the oldest electric vehicle in Korea running on fuel cell

Officially sponsored the UEFA Euro 2000

1999

The debut of Equus (Centennial: ultra large-sized sedan of Hyundai Motor), Trajet XG, and Verna

Formulated the oldest automotive fuel cell battery in Korea

1998

Autonomously devised superior high-performance, world-beating V6 Delta engine

The debut of Sonata and Azera (Grandeur)

Set up India factory

Produced 2nd solar power-driven car

The takeover of Kia Motors

1997

Autonomously designed Epsilon engine

Founded the Asan factory and Turkey factory

1996

Collective manufacturing outdoes ten million units

Launch of the Namyang Technology Exploration Hub

The debut of Tiburon and Dynasty

1995

Debut of Elantra (Avante)

Finishing the work for the Jeonju commercial-grade car production factory

HMETC (Hyundai Motor Europe Technical Center) launches

1994

Yearly manufacturing exceeds one million units

Debut of Accent

Fuel cell and solar-power driven electric cars designed

1993

The debut of Sonata II

Introduction of the HCD-II prototype/concept vehicle

1992

Introduction of HCD-I, the oldest concept vehicle in Korea

Accumulative manufacturing outdoes five million units

1991

Designed Alpha engine, which is the oldest engine made in Korea

Debut of Galloper

Designed Sonata EV

1990

The debut of Scoupe and Elantra

1989

International export of Excel crosses one million units

1988

The debut of Sonata, the medium-size deluxe saloon car by Hyundai Motor

1987

Excel becomes the top sold imported economical vehicle in the United States for three successive years

1986

Exporting of Excel to the United States commences

The debut of Azera (Grandeur), the big-sized deluxe vehicle of Hyundai Motor

1985

The debut of Pony Excel

Registration of Hyundai Motor America, the United States-based subsidiary company of the organization

The debut of Sonata first generation

1983

Registration of Hyundai Motor Canada, the Canada-based subsidiary company of the organization

1976

The debut of Hyundai Pony, the oldest passenger vehicle in Korea

1st export to Ecuador took place for Hyundai Pony

1968

Finishing off construction of the Ulsan fabrication hub

Bulk manufacturing of Cortina commences

1967

Registration of Hyundai Motor Company took place

2001-2005

2005

Set up the United States workplace for testing new equipment or ideas

Exports to the Middle East and Africa surmount one million units

Set up the Alabama factory

Designed the fresh Mu V6 engine

Launch in 100 Best Worldwide Brands of Interbrand

Set up the Environmental Tech Exploration Hub

Founded Hyundai America Technical Hub

Built Eco-Friendly Car Recycling Hub

Click gets chosen as the Best Vehicle of India in 2005

The Geneva International Motor Show features the introduction of HED-1 and New Grandeur

Became the Official Collaborator of FIFA from 2007-2014

Mong-Koo Chung, Executive Chairman of the company, gets nominated as the Best Automotive Chief Executive Officer by Automotive in Asia

2004

The debut of Tucson (ix35), the 1st compact SUV of Hyundai Motor

Manufacturing of Delta engine beats one million units

Sonata achieves the top position in IQS by J.D. Power

Accumulative exports outdo ten million units

Designed Lambda engine and Theta engine

Became Official Collaborator of the UEFA Euro 2004

Founded a factory for commercial cars in China as a joint venture

Mong-Koo Chung, the Executive Chairman gets nominated by Business Week as the Top CEO of 2004

2003

Set up the California Design and Technical Hub

Manufacturing of Elantra (Avante) goes beyond two million units

Announced Worldwide Environmental Management

Set up the Europe Technical Hub

Founded the Namyang Design Hub

Yearly exports exceed one million units

Designed the first mega high-pressure hydrogen repository setup in the world for fuel cell electric cars

2002

Accumulative manufacturing at the Asan factory betters one million units

Manufacturing of Sonata commences in China

The debut of the Chinese-built Elantra

Sonata gets the APEAL Award from J.D. Power

Launch of the California Design and Technical Hub

Official supporter of the FIFA World Cup 2002 held in Japan/Korea

The Chicago Automobile Show witnesses the introduction of the HCD – 7 concept vehicle

2001

Manufacturing of Beta engine exceeds one million units

The debut of Santa Fe, the 1st fuel cell electric car in Korea

Set up Hyundai European Design Hub

The debut of Tuscani (the sports sedan of Hyundai), Lavita, and Terracan

Santa Fe achieved the top rank in the U.S. consumer contentment survey

HMA achieves the Chairman’s Award by J.D. Power

The Chicago Automobile Show sees the launch of the HCD – VI concept vehicle

2006-2010

2010

Introduction of the HED-VII fusion concept vehicle at the Geneva International Motor Show

Achieved the top rank in the VDS (Vehicle Dependability Study) conducted by J.D. Power for three successive years and IQS (Initial Quality Study) for sub-compact vehicles

The New York International Auto Show sees the debut of the Sonata Hybrid

Tucson and Genesis were nominated as the #1 in Vehicle Satisfaction Awards by AutoPacific

Sonata achieved the top safety rankings in the United States by the National Highway Traffic Safety Agency

Accumulative sales of Sonata crosses five million units

The official promoter of the FIFA World Cup 2010 held in South Africa

Mong-Koo Chung, the Executive Chairman gets nominated as Asia’s Best Automobile Industry CEO

The debut of BlueOn, the environment-friendly electric vehicle

Accumulative sales performed by Hyundai Motor India exceeds three million units

Set up the Russia factory

The Paris Motor Show Debut of ix20 small minivan

The debut of the autonomously-designed Nu·Tau GDi engines and RWD eight-gear automatic drive

Official vehicle supporter of the G20 Summit

Tau engine gets nominated by Ward’s Auto as ’10 Best Engines Winners’ for a 3rd successive year

Yearly sales in the United States exceed 500,000 units

Designed Tucson fuel-cell electric car

2009

Genesis gets nominated as the ‘North American Car of the Year’

Served as the principal promoter of the U.S. Super Bowl

Accumulative exports to the African continent surmount one million units

Achieves the 69th rank in Worldwide Brand Value

Set up the Czech factory

Founded Hyundai Motor India Engineering Pvt. Ltd.

Designed superior performance next-gen Theta GDi

Santa Fe sales beat two million units

Sonata accumulative sales exceed five million units

Hyundai Motor India’s accumulative sales exceed three million units

Set up the Russia factory

The debut of the autonomously-designed RWD eight-gear automatic drive and Nu·Tau GDi engines

Yearly sales in the United States beat 500,000 units

Introduction of the novel brand route and catchphrase ‘New Thinking. New Possibilities.’

The debut of the fifth-generation Veloster and Azera (Grandeur)

The debut of Sonata Hybrid

Introduction of i40 wagon

Accumulative exports to South and Central America cross two million units

Gamma engine gets nominated by Ward’s Auto for the ‘10 Best Engines Winners’

Launch of the ix-onic concept vehicle and three-door i20 at the Geneva International Motor Show

Warranty service satisfaction review in China awards it as the best automobile manufacturer

Hyundai achieves the top rank in the IQS (Initial Quality Study) conducted by J.D. Power

Avante (Elantra) gets nominated as the top compact vehicle in the Vehicle Debut Index released by J.D. Power

Genesis achieves the top rank in the Vehicle Debut Index published by J.D. Power

Launch of ix-Metro and ix35 at the International Automobile Ausstellung

Wins the Presidential Trophy at the Korean Technology Awards 2009

2008

Debut of Genesis

Set up the 2nd factory in India

Beijing Hyundai attains the manufacturing landmark of one million cars

Founded the 2nd factory in Beijing

Sales of Elantra (Avante) beat five million units

The debut of i20, the European strategic prototype

Designed next-gen, dirt-free diesel R-engine

Introduced the Blue Drive label for eco-friendly prototypes

Tau engine gets nominated by Ward’s Auto for the ‘10 Best Engines Winners’

Designed front-wheel six-gear automatic drive

The Geneva International Motor Show witnesses the debut of the green concept vehicle i-Mode

The official promoter of the 2008 UEFA Euro

2007

The debut of the i30 European strategic prototype

Accumulative sales in the United States beat five million units

Introduction of i-Blue, the 3rd gen fuel-cell concept vehicle

Designed diesel engines F, G, and H for transport cars

Hyundai Motor India debuts the next-gen compact vehicle i10

Verna received the Best Vehicle of the Year award by Overdrive magazine (India)

The Geneva International Motor Show witnesses the launch of the QarmaQ (HED-IV) concept vehicle

The Seoul Motor Show sees the debut of the Veloster (HND-III) concept vehicle

Grandeur (Azera) achieves the top rank in the Customer Satisfaction Review by J.D. Power for a 2nd successive year

Installation of the Brazil-based CKD factory

i30 gets chosen as Green Vehicle of the Year and Australia’s Vehicle of the Year

2006

Designed Gamma engine

The top Non-Luxury Nameplate in IQS (Initial Quality Study) by J.D. Power

Debut of new Elantra (Avante)

South American exports exceed one million units

Designed V6 diesel S engine

Set up new Hyundai Motor Europe edifice

Yearly sales beat one trillion KRW

Overall manufacturing attains # 6 in the world

The debut of the Arnejs, Hellion, Talus, and Genus concept vehicles

Chosen among the 100 Best Worldwide Brands by Interbrand for a 2nd successive year

The official promoter of the FIFA World Cup Germany 2006

Hyundai Motor Company Management

Chung Eui-sun​ (Chairman)

Chung Eui-sun serves as the Chairman of the Hyundai Motor Group. He has been in this position since 2020. He did his schooling at Whimoon High School and did a BBA in 1993 from Korea University. Eui-sun also received an MBA degree in 1997 from the School of Business, University of San Francisco. Chung Mong-Koo, Chung’s father, serves as the honorary chairman of the South Korean carmaker. Chung previously had the opportunity to serve Kia Motors as the President. He is also a Next Generation Leadership Award winner of the 2006 World Economic Forum.

Jae Hoon Chang (President​ and CEO)

Jae Hoon Chang serves as the Chief Executive Officer and President of the company. He has an MBA degree from Boston University. He also serves as the President of the Planning, Sales, and Marketing division of Hyundai Motor Company.

Product line of Hyundai Motor Company

  • Cars – Elantra (in South Korea also known as Avante), Accent/Verna, executive Grandeur, Sonata, and various China-based models which comprise Celesta, Reina, Mistra, Lafesta, HB20, Santro, and i30 C-segment.
  • Crossovers/SUVs (sport utility vehicles) – Santa Fe, Tucson, Kia Sportage, Creta (in China also named ix25), Kona, ix35, and Casper.
  • Electric and hybrid vehicles – Hybrid-electric FGV-1, Hyundai Accent HEV, Elantra HEV, Sonata Electric Vehicle, Avante LPI Hybrid, Hyundai BlueOn (an electric model of i10), i-flow, Ioniq 5-door liftback (the name was a blend of Ion and unique), and the Ioniq 5.
  • Hydrogen vehicles – Nexo, Xcient truck, Elec City FCEV
  • Trucks and buses – Heavy trucks and buses (D-750/800), R-182
  • Light commercial vehicles – H350 van (also named Solati)

What were the best-selling Hyundai models in 2021?

The best-selling Hyundai models of 2021 are listed below:

Model Rank Worldwide sales
Tucson 1 476,834
Elantra/ i30 Sedan/ Avante 2 380,907
Creta/ix25 3 313,693
Xcent/i10/Aura 4 245,611
Encino/Kona/Kauai 5 233,170
Santa Fe 6 221,230
Venue 7 185,720
Verna/Accent/Solaris 8 184,286
Sonata 9 158,361
Palisade` 10 157,688

 

What are the sports sponsorships borne by Hyundai Motor Company?

The various sports sponsorships performed by HMC are the following:

  • Jeonbuk Hyundai Motors FC
  • BCCI
  • International Cricket Council
  • FIFA
  • FIFA World Cup (since 2002)
  • UEFA
  • UEFA European Championship (since 2000)
  • Cricket World Cup
  • A-League
  • Korea Football Association
  • National Football League
  • Inside the NBA
  • Sun Bowl
  • Olympique Lyonnais
  • Hyundai Tournament of Champions
  • Millonarios Fútbol Club
  • PFC CSKA Moscow
  • Tampines Rovers FC
  • Club Universitario de Deportes
  • Moroka Swallows F.C.
  • Al-Fateh SC
  • Park United FC
  • Mandurah City FC
  • Brisbane Lions
  • Carlton Football Club
  • AS Cannes Volley-Ball
  • Brisbane Broncos
  • Rhys Millen
  • Hyundai Hockey Helpers
  • Hertha BSC
  • Atlético Madrid
  • AS Roma
  • Chelsea FC

Other sponsorships by Hyundai Motor Company

  • CNN Worldwide
  • Academy Awards
  • Hyundai Auto Club Philippines

Disclaimer: This article is not meant for investment awareness. Instead, it is for knowledge enhancement. Readers are hereby advised not to use this piece of information for any kind of investment venture. Even if someone is interested in investment, he should do it after adopting a lot of caution. Talking to an investment consultant is the most reasonable option in this scenario. Stay away from any type of hasty decision-making to pave the path for a secure financial future. Investment is linked to market risks and to fend off these risks, you always need to keep yourself level-headed.


Josie
Joyce Patra is a veteran writer with 21 years of experience. She comes with multiple degrees in literature, computer applications, multimedia design, and management. She delves into a plethora of niches and offers expert guidance on finances, stock market, budgeting, marketing strategies, and such other domains. Josie has also authored books on management, productivity, and digital marketing strategies.

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