 | |
 Global headquarters inSeoul | |
Native name | 현대자동차그룹 |
|---|---|
| Company type | Public |
| Founded | 1998; 27 years ago (1998) |
| Headquarters | Seoul, South Korea |
Area served | Worldwide |
Key people | Chung Mong-koo (honorary chairman) Chung Eui-sun (Executive Chairman &CEO) Chang Jae-hoon (Vice Chairman) |
Production output |  3,890,726 vehicles (2021) |
| Revenue | US$224.1 billion (2018) |
 US$5.22 billion (2018) | |
| Total assets | US$313.5 billion (2018) |
Number of employees | 292,575 (2021)[1] |
| Subsidiaries | See§ Affiliates |
| Website | www |
| Hyundai Motor Group | |
| Hangul | 현대자동차그룹 |
|---|---|
| Hanja | 現代自動車그룹 |
| RR | Hyeondae jadongcha geurup |
| MR | Hyŏndae chadongch'a kŭrup |
| IPA | [hjəːndɛ] |
TheHyundai Motor Group (HMG;IPA:[ˈhjəːndɛ]; stylized asHYUNDAI) is a South Koreanchaebol (loosely similar to amultinationalconglomerate but without a central holding company or ownership structure)[2][3] headquartered inSeoul, South Korea.
The HMG also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as thede facto representative of the group. It is the third-largest South Koreanchaebol, afterSamsung andSK Group, related to other Hyundai-name industries followinga specialized development split and restructuring which resulted in the creation of Hyundai Motor Group,Hyundai Heavy Industries Group,Hyundai Development Company Group,Hyundai Department Store Group, andHyundai Marine & Fire Insurance.
The group was formed through the purchase of 51% ofKia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7%[4] of Kia Motors.
On May 22, 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such asurban air mobility,autonomous driving,artificial intelligence, androbotics. The investments were announced during a visit to South Korea by former PresidentJoe Biden.[5]
On December 10, 2024, Hyundai allowed customers to buy Hyundai cars onAmazon. They could pick it up at their local Hyundai dealership.
The largest member of thechaebol,Hyundai Motor Company, has a stake inKia, and they are the largest and second largest car manufacturers in the country respectively. Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.[6] In 2017 the Group sold 7.25 million vehicles, the lowest in five years at that point.[7] According to theOrganisation Internationale des Constructeurs d'Automobiles, it wasthe world's third-largest vehicle manufacturer by production volume in 2017, behind JapaneseToyota and GermanVolkswagen Group.[8][needs update] In 2023, it maintained its No. 3 position in the global market while widening its gap with the fourth-ranked Renault-Nissan-Mitsubishi Alliance.[9]
On 17 June 2024, Hyundai Motor India announced its commencement of aninitial public offering (IPO) process to list on the Mumbai-basedBombay Stock Exchange.[10][11]
Hyundai Motor Group announced plans to invest a record $16.7 billion in South Korea in 2024, focusing on green technologies and future mobility, marking its largest annual investment commitment.[12]
Hyundai Motor Group Chairman Chung Eui-sun announced that he would invest 31 trillion won in the U.S. over four years, and Trump responded by saying he would exempt the company from tariffs.[13]
Automobile
Manufacturing
Auto parts
Construction
Finance
Others
The Hydrogen Wave global online forum was held on 7 September 2021. Hyundai Motor Group set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040.[14]
Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines the Hydrogen Fuel Cell System andPE System developed under collaboration with Limak. The Hydrogen Fuel Cell System is utilized as a main power source during FK's low speed driving or for the management of battery condition. Two 2 kg hydrogen fuel tanks are located above the rear axle. The 2nd generation fuel cell stacks, with average power of 85 kW to maximum 95 kW, are located above the front axle. The PE System, which consists of two motor drives, a decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500 kW.
In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.[15]
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Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity
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