Hyundai Motor Company: History, Company Profile, Founder

onAugust 3, 2022

Introduction to Hyundai Motor Company

Hyundai Motor Company is often referred to as Hyundai Motors. It is a South Korean multinational automaker that has its headquarters in Seoul. The founding of the Hyundai Motor Company occurred in 1967. The firm currently owns 33.88% of Kia Corporation. It completely controls two other brands, including Genesis Motor, a division that produces luxury cars, and Loniq, a division that has electric vehicles. These three brands make up the Hyundai Motor Group.

Hyundai has strengthened its brand power in the global auto market through the collaboration and affiliation with top domestic and international exceptional vehicle producers. They manufacture and produce passenger automobiles, commercial vehicles, special vehicles, engines, and automobile parts for the domestic and international markets. By establishing global automotive assembly plant construction projects, Hyundai has also created new commercial opportunities. In conjunction with foreign financial institutions, it offers short- and long-term financial assistance to boost automotive sales. Hyundai Corporation also tries to participate in different kinds of sales activities to uncover new prospects and increase its visibility in the market. Investing in collaborative ventures with reputable automakers around the world and supplying CKD and SKD half-finished products are two examples of these activities.

Hyundai Motor Company – Founder

In the year 1947, Chung-Ju-Yung, an entrepreneur, started Hyundai. South Korea’s recovery from World War II was the sole motivation for the establishment of this modest engineering and construction firm. The Hyundai Motor Company, a manufacturer of automobiles, was founded in 1967. The company’s current president and CEO is JaeHoon Chang. The vice president and CEO is Dong Seock Lee.

Hyundai Motor Company History

Hyundai Motor Company was established in 1967. In southeast of South Korea, Hyundai finished building its first factory for the production of automobiles in 1968. The first vehicle produced at this facility was the Hyundai Cortina. Hyundai and the Ford Motor Company worked together to create the Cortina.

In the year 1976, Hyundai released the Pony. As South Korea’s first passenger vehicle, this vehicle was a game-changer. During the 1980s, Hyundai began to expand quickly. Hyundai entered the USA in 1986, marking a significant advancement for the company. When the Accent was introduced in 1994, Hyundai made the decision to stop making the Pony. The famous Santro served as Hyundai’s launch vehicle when it first arrived in India in 1996. Hyundai introduces itself to the international market between 2000 and 2004. 

Hyundai Motor Company – Presence in India

Hyundai Motors made its debut in India after opening its facility at Irungattukottai in Tamil Nadu in 1996. It was established as Hyundai Motor India Limited (HMIL). The Hyundai Santro, Hyundai’s first automobile in the nation, was introduced on September 23, 1998. After Maruti Suzuki, Hyundai achieved the distinction of becoming India’s second-largest producer and seller of passenger automobiles by the year 2000. Statistics show that Hyundai sold more than 530,000 cars in 2017–18. The second-largest Indian vehicle exporter at the moment is Hyundai Motor India Limited. India has become the world’s primary small-car production nation as a result.

Both Hyundai’s car-making facilities in India are located in Tamil Nadu. In 1996, the first plant in Irungattukottai began operations. In the neighborhood in Sriperumbudur, Hyundai opened its second facility. Together, these two plants have the capacity to produce 700,000 vehicles a year. The previous generation of the Hyundai Santro was formerly the most affordable model of all Hyundai vehicles. The updated model is more expensive than the Hyundai Eon, which earlier served as the entry-level model, with the addition of new features. 

Hyundai’s primary R&D facility in Namyang, Korea, receives technical and engineering assistance from Hyundai Motor India Engineering (HMIE) to develop vehicles. Hyundai built its R&D team in Hyderabad in 2007 and employed nearly 450 engineers from all over the nation. In 2010, Hyundai added a team of vehicle engineers to their engineering operations in India. Hyundai began its design activities at its Hyderabad R&D Center in 2011 with the help of groups for styling, digital design, skin CAD, and packaging. Hyundai’s production of the i10 and i20, as well as other international cars, is primarily influenced by Indian engineers. 

Hyundai Motor Company – Company Profile

Hyundai Motor Co. runs the most significant integrated vehicle production complex in the world in Ulsan, which is on Korea’s southeast coast. The $40 million new aeroacoustic wind tunnel and 2.8-mile oval test track are part of Hyundai’s Namyang Technology Research Center, which the company constructed in 1996. In the same year, HMC started manufacturing in its cutting-edge Asan Plant, which is situated southeast of Seoul.

Hyundai currently runs four foreign centers, including Hyundai America Technical Center, Inc. in Ann Arbor, MI, and Hyundai California Design Center in Fountain Valley, CA, in addition to eight research facilities in Korea. Approximately 4,100 researchers are employed by Hyundai’s automotive technology institutes, which have a yearly budget equal to 5% of current revenues. Vehicles powered by solar energy, hydrogen fuel cells, electric automobiles, low-emission gasoline engines, solar-powered vehicles, and other alternative fuel vehicles are all currently the research subject.

Established in 1990, the Hyundai California Design Center produces finished vehicles and innovative design ideas for the automotive industry. Three concept roadsters (HCD-1, HCD-2, and HCD-6), as well as a hybrid sport utility vehicle (HCD-3) as well as the Crosstour sport utility vehicle (HCD-5), and a luxury sedan (HCD-7), are just a few of the cutting-edge cars that have come out of the design center. The first-generation Hyundai Tiburon sports coupe and the Santa Fe sport utility vehicle have sporty, streamlined designs that the California Design Center influences.

Hyundai Motor Company Products

The second-biggest car manufacturer in India and the largest exporter of passenger vehicles is Hyundai Motors India Limited (HMIL). The South Korean-born company currently produces sedans, hatchbacks, crossover SUVs, vans, pickups, heavy trucks, and buses worldwide. In 1999, Hyundai India began exporting vehicles to other nations. It continues to do so today, sending some of its most well-liked models to critical foreign markets in Latin America, Australia, the Middle East, Africa, and Asia-Pacific. Hyundai’s cutting-edge manufacturing facility is close to Chennai, whereas Hyundai Motor India Engineering (HMIE), the company’s research and development unit, is situated in Hyderabad. The following are the vehicles produced by the company:

Cars

The Santro Xing is the most well-known vehicle that long dominated Indian roadways. The Hyundai Santro was the company’s first model released in the country in 1998. Hyundai stopped Santro Xing manufacture in 2014. The Santro has been updated by the firm, nevertheless, and it was released in 2018. The Hyundai Accent, one of the earliest models, is now known as the Hyundai Verna. However, a new sedan based on the Hyundai Grand i10 is currently known as the Accent, even though its name is actually Hyundai Xcent. Verna is currently one of the best-selling C-class sedans, while the Hyundai Creta is performing admirably in the compact SUV market.

There are 15 different car models are available from Hyundai India. These include 12 new Hyundai cars in India and 3 forthcoming Hyundai vehicles. There are 4 hatchbacks, 3 sedans, and 5 SUVs on the country’s Hyundai car list. The company offers 98 gasoline, 47 diesel, 2 electric, and 5 petrol compressed natural gas variations. Hyundai Creta, Hyundai Venue, Hyundai Elite i20, Hyundai Verna, Hyundai Grand i10 Nios, Hyundai Alcazar, Hyundai Elantra, and Hyundai New Santro are a few of the company’s well-known automobiles in India.

According to the company’s sales data for 2021, the Elantra (Avante in South Korea), which sold 380,907 units, was its best-selling sedan. This model was made in several factories in South Korea, the United States, and China. The Accent/Verna is another highly-liked sedan type. It is well-liked in developed and emerging nations, including China, India, and the Middle East, as well as in developed markets like North America. 2019 saw the end of production for this model in South Korea as its production facilities were shifted to Mexico and India. In India, Hyundai had 1013 dealerships as of July 2022, located in 514 different cities.

Midsize Sonata, executive Grandeur, and many China-focused sedan models like Reina, Celesta, Lafesta, and Mistra are more sedan options. Hyundai has divided some of its hatchback models into those made for the European market and those for the Indian market. The i10 and i20 are models produced in India and Europe, with several modifications made to the European and Indian versions. The entry-level Santro for the Indian market, the i30 C-segment car for developed markets, the HB20 for the Brazilian market, and the hatchback variant of the Accent for markets outside of India and Europe are some other hatchback models.

Crossovers/SUVs

With the Santa Fe and the more compact Tucson, Hyundai was one of the first manufacturers to enter the crossover SUV industry. Despite garnering criticism in the past for Hyundai’s peculiar aesthetics, Santa Fe was a tremendous hit with the American and European markets. More than 5,260,000 Hyundai Santa Fes have been sold worldwide as of 2020.

The Kia Sportage used the same platform as the first-generation Tucson, based on the Elantra. Tucson was replaced by the Hyundai ix35 from 2009 to 2015 in most nations, excluding South Korea and the US. To be used in all markets, the Tucson name was reinstated for the third generation. The 2015 Geneva Motor Show was where it debuted. With a total of 451,703 sales units in 2020, the Tucson trails only the Toyota RAV4, Honda CR-V, and Volkswagen Tiguan as the fourth best-selling SUV globally.

Hyundai began creating smaller crossover SUV models in the middle of the 2010s, starting with the Creta (ix25 in China) and the Kona. While the Creta has been the best-selling SUV in Russia since 2016 and in India in 2020, both models rose to become the brand’s third and fourth best-selling vehicles by 2019. A hybrid electric and an entirely battery-electric version of the Kona are also available. Hyundai debuted the Casper, a crossover SUV, in the South Korean light vehicle market in 2021. It is the company’s first foray into the market in 15 years, and it is also the minor car the company has ever made. Hyundai currently makes 12 crossover SUV models for various countries.

Hybrid and electric vehicles

In 1988, the Hyundai Motor Company started working on FFVs (Fuel Flexible Vehicles). Field trials of numerous FFVs were conducted over more than 30,000 km in Seoul, Korea. In 1995, the full-time electric drive technology-equipped new hybrid-electric FGV-1 was revealed at the Seoul Motor Show. Hyundai’s initial testing of hybrid propulsion systems led to the development of the FGV-1. The second automobile made was the FGV-2. The Hyundai Accent HEV and Elantra HEV introduced are two more.

The Sonata Electric Vehicle, created by Hyundai in 1991, was the industry’s first all-electric vehicle. The vehicle was initially based on the Sonata sedan. By the end of 1992, Hyundai intended to have six electric cars available for testing. 2008 saw the start of Hyundai’s mass production of hybrid electric automobiles. Instead of lithium-ion batteries, the company uses the hybrid blue drive, which uses lithium polymer batteries. In November 2008, the brand-new hybrid Sonata made its public premiere at the Los Angeles International Auto Show. 

Hyundai introduced the Avante LPI Hybrid in South Korea’s domestic market in July 2009. A prototype electric version of the Hyundai i10, the Hyundai BlueOn, was also on display by Hyundai. It was first introduced in 2009 at the Frankfurt Motor Show. The Hyundai i-flow, a concept automobile with a BLUE-WILL hybrid system, was unveiled at the 2010 Geneva Motor Show. Hybrid vehicle sales in the world as of March 2014 reached 200,000 units, including hybrid vehicles from Hyundai Motors and Kia Motors.

Hyundai unveiled the Ioniq five-door liftback to compete with the Toyota Prius in 2016. Ion and unique are combined to form the name Ioniq. As the first car without a standard internal combustion engine, it is available in hybrid, plug-in hybrid, and all-electric versions. In its domestic market, the hybrid variation debuted in February 2016, and the electric vehicle followed in July 2016. In February 2017, the plug-in hybrid version was released.

The business disclosed three new electric vehicles that would be offered under the Ioniq sub-brand when it announced the introduction of the Ioniq as its new electric brand in August 2020. Hyundai’s Ioniq is its second standalone brand, following Genesis. The new company will use Hyundai’s Electric Global Modular Platform (E-GMP), which the company says will enable fast charging and a long driving range. The midsize crossover Ioniq 5 from the manufacturer will debut in early 2021 as the first of the three new worldwide models. The Ioniq 6 sedan will come after it in late 2022, and the Ioniq 7 big SUV will follow in early 2024. Numbers will be used to identify new models, with even numbers for sedans and odd numbers for SUVs.

The E-GMP platform, which will serve as the foundation for new Hyundai and Kia electric vehicles beginning in 2021, was described in full by the Hyundai Motor Group in December 2020. It will also be used for upcoming Genesis electric vehicles and the Hyundai, Ioniq, and Kia brands. The core elements of the platform are a battery pack underneath the cabin and an integrated motor, gearbox, and inverter created and developed by Hyundai. Despite its compact size, Hyundai claimed that by bundling the components, the motor’s maximum speed could be increased by up to 70% compared to previous engines. According to the business, the system can generate 600 horsepower (608 PS; 447 kW) electricity.

Hyundai unveiled the Ioniq 5, its first car above the E-GMP platform, in February 2020. The Ioniq sub-initial brand’s product is being marketed under that name. It was Hyundai’s most technologically advanced electric vehicle at its debut. With its 800 V charging capability and a 350 kW charger, the battery can be set from 10 to 80% in 18 minutes. By WLTP regulations, a five-minute charge will increase the range by 100 km (62 mi). For the rear-wheel-drive 72.6 kWh model, 480 km (298 mi) is the maximum capacity claimed.

Hydrogen vehicles

The Nexo, a crossover SUV fueled by hydrogen, was introduced by Hyundai in March 2018. Nexo sales in South Korea’s domestic market surpassed 10,000 units in October 2020. Due to domestic demand restricting supplies, only 769 automobiles had been exported by Hyundai to the US and Europe as of July 2020.

Hyundai introduced the Xcient Fuel Cell, a hydrogen-powered variant of their Xcient truck, in 2020 and shipped seven vehicles to clients in Switzerland. The first hydrogen fuel cell truck in commercial production is called the Xcient Fuel Cell. Together with the Swiss business H2 Energy, Hyundai established Hyundai Hydrogen Mobility (HHM) in 2019 with the goal of leasing trucks to Swiss clients and delivering 50 vehicles by the year 2020. Due to Switzerland’s exemption from road taxes for trucks with zero emissions and its potential to generate hydrogen using hydropower, Hyundai decided to debut there. HHM partnered with Hydrospider, a joint venture between H2Energy, Alpiq, and Linde, to produce hydrogen and establish infrastructure for hydrogen refueling in Switzerland. The 34-ton Xcient Fuel Cell has seven hydrogen tanks, a maximum speed of 85 km/h, a driving range of about 400 kilometers, and a refueling time of between 8 and 20 minutes. It also has a 190 kW fuel cell supported by a 73 kW battery pack that stores energy from the fuel cell and braking.

The Elec City FCEV, a hydrogen-powered variant of Hyundai’s Elec City bus with a seating capacity of 44 passengers (24 seats and 20 standing seats), was introduced in 2020. Five hydrogen tanks, a 180 kW fuel cell, a 156 kW battery pack, a 434-kilometer driving range, and a 15-minute recharging time are all features of the bus. For demonstration purposes in 2020, Hyundai exported two buses to Saudi Aramco, a Saudi Arabian oil business. Hyundai halted the creation of its Genesis hydrogen vehicle in December 2021 and perhaps its other hydrogen vehicles.

Hyundai i20 WRC

The 2012 Paris Motor Show was presented and is based on the Hyundai i20 subcompact car. To compete in the 2014 World Rally Championship, Hyundai created the Hyundai i20 WRC. Hyundai has been away from the World Rally Championship for ten years, but with the introduction of the i20, they are back. The vehicle is slated to compete for the first time at the 2014 Rallye Monte Carlo, while it could race earlier in the season to promote development. From a base near Frankfurt, Germany, Hyundai Motorsport, the company’s performance arm, will drive the vehicle. 

Hyundai Motor Company – Products and prices

There are different automobile models offered by Hyundai in India, including SUVs, Sedans, Hatchbacks, Compact SUVs, and Compact sedans. New Tucson, Ioniq 5, Creta Facelift, Venue N Line, Casper, New Verna, New Elantra, Stargazer, and New Kona are the Hyundai vehicles will be on sale in India shortly. The second-generation Santro, Grand i10 NIOS, Aura, i20, i20 N Line, Verna, Venue, Creta, Elantra, and Tucson are currently available in India. Kona Electric, the company’s first fully electric vehicle, was also introduced in India.

Hyundai cars are priced reasonably at $4,000 and going up to $45,000 (Avg. ex-showroom). The Santro is the cheapest Hyundai model, with a starting price of Rs. 4.89 lakh, and the Kona Electric is the priciest, with a starting price of Rs. 23.84 lakh. The top 5 selling Hyundai vehicles are listed in order of price:

  • Hyundai Venue Price is 7.53 Lakh.
  • Hyundai Creta Price is 10.44 Lakh.
  • Hyundai Grand i10 Nios Price is 5.39 Lakh.
  • Hyundai i20 Price is 7.03 Lakh.
  • Hyundai Verna Price is 9.40 Lakh.

Technological Innovations – ‘Mobility Ondol’

Innovation is an art, and Hyundai Company has mastered molding vehicles according to the customers’ needs, demands and comfort. The heating system known as Mobility Ondol, a design presented by Hyundai Motor Group in its patent application, is based on a specific seat construction and a unique heat conduction method. 

Hyundai’s new sport utility electric vehicle (SUV) concept ‘SEVEN’ features movable seats and an opulent interior arrangement reminiscent of a first-class lounge. It sends the idea that the interior of modern cars will transform into a designated location for relaxing. The Mobility Ondol idea that the Hyundai Motor Group showcased reflects a shift toward relaxing and living in our vehicles. An innovative healing technique from Korea called Ondol inspired the inside design of the concept car known as Mobility Ondol. It has an intriguing name that evokes the coziness and warmth of a Korean Ondol chamber and is distinguished by a passenger-centered environment.

Through the inside of its Mobility Ondol cars, Hyundai Motor Group wants to provide its passengers with the most comfortable traveling experience possible. According to the vehicle’s intended use or the owner’s preferences, the excess space between the seats and batteries may also be utilized for the installation of auxiliary batteries or the storage of goods. It also features a side step and additional floor storage space to make it easier for passengers to enter and exit the vehicle. With the specifically built seats, it is possible to take a nap in Mobility Ondol in pleasant postures that would be challenging to adopt in a typical car. You could use the seat as a bed for a nap or spread your legs out and read a book while leaning on it as you were sitting in a plush chair. In addition, areas for storing pillows or blankets, such as those between the seat back and the seat cushion, demonstrate the care and comfort of the passengers. 

Powerful nations like the United States, Japan, China, and Europe have received the patent application for Mobility Ondol’s unique seat construction and battery heat-based heating structure. Several experiments are being conducted on the radiant-heat-based floor heating system before it can be used in real life. Hyundai Motor Group will continue its technical exploration to ensure that future cars continue to offer the best and most comfortable driving experience.

Hyundai Motor Company – Research and development facilities

In addition to research and development facilities in Europe, Asia, North America, and the Pacific Rim, Hyundai has invested in production facilities in the Czech Republic, China, India, Turkey, North America, and the Czech Republic. It has six research and development centers in South Korea (three offices), Germany, Japan, and India. In addition, a facility in California creates designs for the US. In Fountain Valley, California, Hyundai opened the Hyundai Design Center in 1990. After the Asian financial crisis and aggressive expansion rocked the South Korean auto sector in 1998, Hyundai bought most of its rivals, Kia Motors. 

Hyundai sold 4.05 million vehicles globally in 2011, making the Hyundai Motor Group the fourth-largest carmaker in the world after General Motors, Volkswagen, and Toyota. Through almost 5,000 dealerships, Hyundai automobiles are sold in 193 different countries. According to the World Intellectual Property Organization’s annual World Intellectual Property Indicators report, Hyundai was placed fourth globally for its 141 industrial design registrations released under the Hague System in 2020. This place is an improvement from their previous ranking of 7th for the 57 industrial design registrations issued in 2019.

Hyundai Motor Company – Portfolio

Customers continue receiving significant performance and contentment at a reasonable price from Hyundai’s sedans and sport utility vehicles. Each car in the lineup showcases Hyundai’s growth as a global automaker whose vehicles successfully compete with cars from other countries in terms of technology, quality, styling, and refinement. In 1986, Hyundai offered the subcompact Excel model for sale in the United States. Few Americans had ever heard of Hyundai or its products at the time. Hyundai now represents more than 2% of the U.S. vehicle market, thanks to the country’s expansion and modernization of its product range since that time.

The diminutive Accent, the prestigious Santa Fe sport utility vehicle and the opulent XG350 sedan are just a few vehicles Hyundai sells. Only Hyundai Motor Company developed the cars, and only Hyundai Motor Company’s engines and transmissions are installed in them. Ulsan, South Korea, has an annual production capacity of 1.6 million vehicles. Hyundai also runs the most extensive integrated automobile manufacturing facility in the world. Around 75,000 people are employed by the organization globally. Through 5,000 dealerships and showrooms, Hyundai vehicles are sold in 193 different countries.

Hyundai Genuine Parts

All Hyundai Genuine Parts are produced to the highest standards and are designed and engineered exclusively to enhance the performance and durability of your Hyundai vehicles. Hyundai Genuine Parts’ design, material choice, and internal construction have all been the subject of much research and development over the years. To assure Quality, Reliability, and Durability, each is put through a series of simulated extreme condition tests. A 6-month/10,000-mile warranty is also provided for them.

In an effort to become a market leader in future automotive technologies, Hyundai Mobis is driving the shift in the industry. By progressively expanding into the global market and offering quick and precise parts delivery, the company aims to achieve the ultimate goal that Hyundai Mobis targets the Safety and Happiness of our clients. In India and throughout the world, Hyundai MOBIS is the only authorized partner of Hyundai Motors.

Interesting facts about Hyundai

● Brand’s Name Meaning – The Korean word Hyundai signifies ‘modernity.’

● The Secret Message – The stylized outline of a company representative and a happy customer shaking hands can be seen on Hyundai’s slanted “H” emblem. Their interaction is a handshake of confidence and happiness between a business and a customer. The surrounding oval represents the desire to complete such transactions globally.

● The Pony, Hyundai’s initial vehicle, was exported to Canada in 1984 – Former Managing Director of Austin Morris at British Leyland, George Turnbull, was in charge of the car’s development. After Turnbull hired a few British designers, the Morris Marina modeled the Hyundai Pony. The Morris Marina served as the basis for the Hyundai Pony, a small rear-wheel-drive vehicle. Eventually, in 1986, the Hyundai Pony, also known as the Hyundai Excel, Hyundai Pony Excel, and Hyundai X2, made it to the US market. It was South Korea’s first automobile to be mass-produced and exported.

● The largest automaker in South Korea is Hyundai – The fact that Hyundai is the top automaker in South Korea is well-known. Hyundai Motors, which has its headquarters in Seoul, produced a staggering 41.5 percent of the cars sold in Korea in 2020.

● Hyundai’s dedication to hydrogen energy – The Hyundai ix35 is a hydrogen fuel cell vehicle that was introduced in 2013. This hydrogen-powered Tucson was the world’s first mass-produced hydrogen fuel cell automobile. Hyundai is one of the current international automakers devoted to hydrogen fuel cell technology.

● The first vehicle with a 10-year warranty – Hyundai provides a 10-year or 100,000-mile warranty. Up until this time, no automaker has ever provided such extensive coverage.

● Self-Sufficient Steel – Hyundai produces its own steel in South Korea, as opposed to most automakers, who buy their steel from sources. Instead of paying a supplier low prices for inferior steel, the carmaker can create and use high-quality steel from Hyundai Steel Co., Ltd in its vehicles for a low cost.

● The biggest auto production facility in the world – The largest auto manufacturing facility in the world, Hyundai’s Ulsan Factory in South Korea, has the capacity to produce more than a dozen distinct types of automobiles at a rate of about 1.6 million annually. In Ulsan Factory, there are 34,000 employees, which is a sizable quantity. Hyundai produces more cars at its factory than Volkswagen does.

● Up till June 2021, more than 6 lakh Hyundai Cretas were sold- The Creta has been the best-selling vehicle in Hyundai’s lineup for approximately two years. When the SUV (more of a crossover) was introduced in 2015, people flocked to the Hyundai dealership in droves. Since the day of its launch in 2015, Hyundai has sold more than 6 Lakh units of the Creta in India alone.

● Sales of the Sonata and Elantra are exactly 50% of the total – Hyundai introduced the first version of the well-liked sedan Hyundai Sonata. It was regarded as the first model to be designed from scratch, despite having a strong portfolio of crossover vehicles. However, it used a 3.0-liter V6 engine based on the 1990 Mitsubishi 6G72. Unexpectedly, it became one of the best-selling products for the company. Hyundai’s total sales are made up of the Sonata and Elantra to a combined 50 percent, which is their best performance in the previous five years.

● The first and only car manufacturer to use lithium polymer batteries is Hyundai – Hyundai is the first and only carmaker to use lithium polymer batteries in its electric vehicles (EVs). In contrast, all other automakers use a regular lithium-ion battery. This battery uses a polymer electrolyte rather than a liquid one, making it lighter and more compact with a larger energy capacity per cell.

● Agreement between Hyundai and Ford Motor Company – In 1968, Hyundai and Ford Motors inked a contract for the production of Ford automobiles at the Hyundai assembly facility in Korea. This contract claims that Ford shared its light truck and car manufacturing technologies.

● The vehicle from Hyundai is the most ICOTY-awarded – Indian Car Of The Year, or ICOTY, is given to the all-around greatest car available at the time. The jury takes into account a variety of factors, such as the engine, features, build quality, refinement, and more. Hyundai should also be pleased with the fact that it has won seven ICOTY awards in the last 13 years

Hyundai Motor Company – Latest News

Hyundai vehicles consistently set new standards and are among the most feature-rich options available in their respective classes. Hyundai offers sunroofs with practically all of its products, including the i20, Verna, Venue, Creta, Elantra, Alcazar, Tucson, and Kona Electric, in light of the popularity of the feature today. The Creta facelift for 2022 is among the new items that the Korean carmaker is now developing for the nation. 

Since its launch in 2020, the second-generation Creta has been among the best-selling Hyundai vehicles in India. But the manufacturer is updating the SUV once more due to increased competition in the mid-size SUV market. The new Hyundai Tucson is a facelift for the Kona Electric EV. The Ioniq 5 electric car is based on the automaker’s new E-GMP electric platform and will serve as the foundation for all future Hyundai electric vehicles. These are among the at least three products that Hyundai Motor is probably planning to introduce in the country in 2022.

Together with Tata Power, Hyundai Motor India has set up rapid charging infrastructure for electric vehicles at a few of its dealerships nationwide. When the second wave of the COVID-19 epidemic hit, the company had dispatched 30,703 units, although significant difficulties existed. Through the Hyundai and Tata Power EZ Charge smartphone app, 60kW DC charging stations will be deployed at the company’s 34 EV dealerships in 29 locations as part of the agreement to accommodate all types of electric vehicles. Hyundai EV owners will receive special rates and comprehensive home charging solutions, from supply to installation, as part of the partnership.

The latest electric vehicle, the Hyundai IONIQ 5, is, without a doubt, Hyundai’s global flagship model. The electric crossover’s arrival in India was first officially announced by carandbike.com. The IONIQ 5 will be the first of the E-GMP automobiles and is a part of Hyundai’s huge 6-model, Rs. 4000 crore EV strategy for India. The IONIQ 5, Kia EV6, and Genesis GV60 were already produced on this specialized EV platform, which the Hyundai Motor Group created.   

Hyundai Motor Company – Future plans

By 2025, Hyundai wants to increase the number of battery-electric vehicles in its lineup from the current eight to 23. The business has also claimed that it hopes to sell 1 million electric vehicles annually across all of its global markets by the middle of this decade.

By strengthening competitiveness in hardware and software capabilities with an extended line-up, Hyundai also aims to attain an operating profit margin of 10% or higher in the EV businesses by 2030.

Conclusion

Hyundai now sells an entire lineup of automobiles, ranging from the diminutive Accent to the prestigious Santa Fe sport utility vehicle to the opulent XG350 sedan. The cars’ engines and transmissions were created and engineered by Hyundai alone and were developed solely by Hyundai Motor Company.

Customers continue receiving great performance and contentment at a reasonable price from Hyundai’s sedans and sport utility vehicles. Every model in the range showcases Hyundai’s ascent as an automaker whose creations successfully compete with vehicles made by automakers throughout the world in terms of quality, technology, refinement, and styling.

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