Hyundai Motor Company is a South Korean multinational automotive manufacturer, founded in 1967. It is headquartered in Seoul, South Korea, and operates in 193 countries, with approximately 5,000 dealerships and showrooms around the world.
Key Facts:
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Founded: 1967
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Headquarters: Seoul, South Korea
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Global Operations: In 193 countries with 5,000+ dealerships
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2023 Production: Over 4.28 million vehicles worldwide
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Product Range: Sedans, SUVs, electric vehicles (EVs), and hybrids
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Commitment to EVs: Hyundai plans to introduce 21 EV models by 2030, aiming to sell 2 million EVs annually.
Recent Developments:
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Environmental Impact Review in Georgia: Hyundai is building a $7.6 billion electric vehicle manufacturing plant in Bryan County, Georgia. U.S. regulators reviewed the environmental impact, particularly on local water supplies, but deemed the effects to be insignificant.
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Price Stability Amid Tariff Uncertainty: Hyundai announced that it would keep vehicle prices stable until June 2025 to help manage uncertainties related to tariffs.
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Leadership Change: In January 2025, José Muñoz became Hyundai’s Global Co-CEO, marking the first time a foreigner has held such a high position in a major South Korean conglomerate.