Jang Seob Yoon
Research expert covering South Korea
Hyundai Motor Company - statistics and facts
Hyundai Motor Company brought the horsepower with the release of the Hyundai Pony in 1975, which was the first unique automobile model in the country. Since then, the company has continued to grow into a major player, ranking fourth in global automobile market share, all the while maintaining a strong presence domestically. Hyundai Motor Company is now a global conglomerate operating in a variety of sectors such as finance, construction, and steel. It even sponsors a number of professional sports clubs in South Korea.
Keeping in line with the international nature of the company, Hyundai Motors had production facilities around the globe. From the leading countries in terms of car production worldwide, four of the featured nations had a Hyundai Motor manufacturing facility within its borders. Such plants also produce model variants tailored for the local markets. Of the best car brands for initial quality, Hyundai vehicles are considered a reliable choice when compared to its competitors.
A global production network
Hyundai Motors accounted for nearly half of the South Korean automobile market; this share would increase if its subsidiary company Kia Motors was to be considered. The company's fleet highlights that it is far from a one trick pony. In fact, the leading models sold in the domestic market showed healthy sales across a variety of vehicle segments.Keeping in line with the international nature of the company, Hyundai Motors had production facilities around the globe. From the leading countries in terms of car production worldwide, four of the featured nations had a Hyundai Motor manufacturing facility within its borders. Such plants also produce model variants tailored for the local markets. Of the best car brands for initial quality, Hyundai vehicles are considered a reliable choice when compared to its competitors.
Shifting towards environmentally friendly mobility
The automotive industry is moving towards green mobility due to climate change and its ramifications. Electric vehicles seem to be the industry’s answer, as the global revenue for electric vehicles is forecast to grow in the future. South Korea is considered one of the leading countries at the forefront of electromobility, and the role of Hyundai Motor Company as the country's major player will be something to keep an eye on in the coming years.
