Hyundai Motor Company

Hyundai Motor Company
Company typePublic
KRX: 005380
LSE: HYUD
IndustryAutomotive
Founded29 December 1967; 56 years ago (1967-12-29)
FounderChung Ju-yung
Headquarters
Seoul
,
South Korea
Area served
Worldwide
Key people
Production output
Decrease 4,858,000 units (2016)[1]
RevenueIncrease ₩117.61 trillion (2021)[2]
Increase ₩6.68 trillion (2021)[2]
Increase ₩5.69 trillion (2021)[2]
Total assetsIncrease ₩233.95 trillion (2021)[2]
Total equityIncrease ₩82.61 trillion (2021)[2]
OwnersHyundai Mobis (21%)
National Pension Service (9%)
Chung Mong-koo (5%)
Chung Eui-sun (3%)[3]
Number of employees
104,731 (2013)[4]
ParentHyundai Motor Group
Divisions
Subsidiaries
List
Korean name
Hangul
현대자동차 주식회사
Hanja
現代自動車 株式會社
Revised RomanizationHyeondae Jadongcha Jusikhoesa
McCune–ReischauerHyŏndae Chadongch'a Chushikhoesa
Websitehyundai.com

Hyundai Motor Company, often referred to as Hyundai Motors, (Korean: 현대자동차; RR: Hyeondae Jadongcha listenⓘ) and commonly known as Hyundai, (Korean: 현대; Hanja: 現代; RR: Hyeondae, IPA: [ˈhjəːndɛ];[a] lit. 'modernity') is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation,[5] and fully owns two marques including its luxury cars subsidiary, Genesis, and their electric vehicle brand Ioniq.[6][7][8] The three brands altogether make up the Hyundai Motor Group.

Hyundai operates the second largest automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units.[9] The company employs approximately 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms.[10] As of 2022, Hyundai is the world's third-largest carmaker in terms of production, falling behind competitors Toyota and Volkswagen.[11]

  1. ^ "Hyundai Motor 2016 Fast Facts". Archived from the original on 3 September 2018. Retrieved 24 December 2017.
  2. ^ a b c d e "Hyundai Motor Company and Its Subsidiaries Consolidated Financial Statements as of and for the Years Ended December 31, 2021 And 2020" (PDF). pp. 6–8. Archived (PDF) from the original on 9 October 2022. Retrieved 23 March 2022.
  3. ^ 현대차 지분구조 (in Korean). Archived from the original on 9 July 2021. Retrieved 5 July 2021.
  4. ^ "Hyundai Motor 2015 Fast Facts" (PDF). hyundaiproductinformation.com/. Archived (PDF) from the original on 14 February 2017. Retrieved 13 May 2016.
  5. ^ "Shareholders". pr.kia.com. Archived from the original on 29 March 2021. Retrieved 14 February 2021.
  6. ^ Kim, Sohee (4 November 2015). "Hyundai launches Genesis premium car brand in bid to end profit skid". Reuters. Archived from the original on 18 November 2015. Retrieved 5 November 2015.
  7. ^ Halvorson, Bengt (9 August 2020). "Hyundai reboots Ioniq as en EV brand, starting with Ioniq 5 crossover in fall 2021". greencarreports.com. MH Sub 1, LLC. Archived from the original on 15 August 2020. Retrieved 14 August 2020. Hyundai announced Monday morning in South Korea that a new Ioniq brand will spawn an entire family of fully electric vehicles that will include production models based on the well-received Prophecy sport-sedan concept and retro-styled 45 EV concept.
  8. ^ Eisenstein, Paul (10 August 2020). "Hyundai Launches New Ioniq EV Brand: Sub-brand will feature three all-electric models by 2024". www.thedetroitbureau.com. The Detroit Bureau. Archived from the original on 1 October 2020. Retrieved 14 August 2020. As part of its goal to rapidly accelerate sales of battery cars, Hyundai is launching a new sub-brand, Ioniq, which takes its name from one of its current battery offerings.
  9. ^ Taylor III, Alex (5 January 2010). "Hyundai smokes the competition". CNN. Archived from the original on 13 August 2020. Retrieved 3 August 2020.
  10. ^ "Hyundai ships 10 millionth car overseas". the korea herold. Archived from the original on 29 March 2021. Retrieved 31 March 2016.
  11. ^ "Hyundai, Now the No. 3 Carmaker, Takes Aim at Toyota and Volkswagen". Bloomberg.com. 20 December 2022. Archived from the original on 7 February 2023. Retrieved 3 July 2023.


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