Hyundai Motor Company (HYMTF)
Hyundai Motor Company (HYMTF)
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Yashante/Renner -
Atos -
Elantra/Yuedong/Langdong -
Eon -
Yakeshi/Centennia -
ix20 -
Lawns/Genesis -
Lawns Coolpad/Genesis Coupe -
Azera -
i30 -
I40 (European market) -
Sonata/Mingyu/Lingxiang -
Veloster -
Mingtu (exclusive for mainland China market) -
Oil electric hybrid vehicle IONIQ
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Shengda/Santa Fe -
TUCSON／ix35 -
Gerui -
Telaca (for mainland China market only) -
Huiyi (JAC Auto also produces JAC Ruifeng in prototype)
Historical Encyclopedia of Hyundai Motor Company (HYMTF)
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In December 1967, Zheng Zhouyong, the founder of Hyundai Group, founded Hyundai Motor Company in Ulsan. -
In February 1968, Hyundai Motor and British Ford Motor（ Ford Motor Subsidiary) signed a technical agreement to assemble "Cortina" cars in CKD mode. In that year, Hyundai produced 614 cars. -
In 1969, the production reached 6242 cars, accounting for 32.2% of the total car production in South Korea that year. At this time, the economy of South Korea was still relatively backward, and the car market was narrow, so the competition among companies was very fierce. In 1967, the Korean government formulated the Law on the Revitalization of the Machinery Industry to improve the localization rate of automobiles. However, due to the small production scale and the improvement of the localization rate of parts, the production cost of automobile companies has risen and the quality has declined. The decline of competitiveness and the economic recession in 1969 made the sales volume of Korean automobile industry decline year by year. -
In 1970, Hyundai Motor Company nearly went bankrupt due to difficulties in capital turnover. In order to find a way out, Hyundai Motor Co., Ltd. and Ford Motor Co., Ltd. of the United Kingdom carried out joint venture negotiations and signed a letter of intent to establish a joint venture engine factory. However, the joint venture project has not been able to reach consensus due to the differences between the two sides on certain cooperation conditions. Unfortunately, the first oil crisis broke out in 1973, and Ford Motor, which was too busy to invest, stopped the cooperation between the two sides. Although the joint venture between Hyundai and Ford Motor Company failed, Hyundai has accumulated production technology in automobile assembly and other aspects through CKD production. -
Established in 1970 to improve Auto parts After the Automobile Industry Development Plan with localization rate, South Korea formulated the Long term Plan for the Revitalization of the Automobile Industry in 1974, which listed the automobile industry as a national strategic industry and export industry supported by the government. Inspired by the government policy, Hyundai Motor decided to mainly develop domestic cars by introducing technology, and was supported by the financial resources and metal processing technology of the parent company of Hyundai Group. Hyundai Motor integrates the advanced car production technologies of various countries into its own domestic cars by absorbing the advantages of others and introducing foreign technologies in a decentralized manner. -
In 1974, Hyundai's first independently developed model "Hyundai Pony" was unveiled at the 55th Turin Auto Show, making South Korea the 16th country in the world that can independently produce cars. "Pony" is designed by an Italian designer using Mitsubishi The engine made in South Korea has a localization rate of 90%. -
In December 1975, a new "Pony" domestic production plant with an annual output of 56000 vehicles and an investment of US $100 million was built in Ulsan. -
In 1976, Pony cars began to be mass produced and exported to South America, setting a precedent for South Korean car exports overseas. In that year, Hyundai exported 1042 cars to 13 countries. -
In the 1980s, Hyundai began to monopolize the Korean automobile market. -
In 1983, Modern Pony achieved great success in exporting to Canada. In 1985, 79000 vehicles were sold. -
In 1986, Pony entered the US market and its sales reached 160000 vehicles that year. -
In 1988, Hyundai set a record of 480000 cars exported. -
In July 1989, Hyundai established a car assembly plant in Bromont, Canada. -
In 1991, Hyundai launched its self-developed Alpha engine for the first time, and two years later, it launched its Beta engine. -
In November 1991, Hyundai Motor developed its first vehicle electric vehicle 。 In 1990, Hyundai Motor established the Hyundai California Design Center in California Fountain Valley, and launched the first Hyundai concept vehicle HCD-1 (HCD is the abbreviation of Hyundai California Design) in 1992. -
In 1995, Hyundai established a joint-venture automobile assembly plant in Turkey. -
In 1997, the Asian financial crisis swept across South Korea, bringing a huge impact to the Korean automobile industry. However, the new models of EF Sonata and Regal XG launched by Hyundai in 1998 were recognized in the international market, and the continued rapid growth of export volume offset the negative impact of the downturn in the domestic market. Through the acquisition of Kia Motors and the merger of Hyundai Service Co., Ltd. and Hyundai Seiko Co., Ltd., Hyundai Motor has reached the economic scale required for competition in the world auto market. -
In 1999, Hyundai launched Centennial, Accent, Coupe and Trajet. Tejie is the first mini passenger box (MPV) model launched by Hyundai, opening a new space for Hyundai's model series. -
In 2003, Hyundai's sales volume in the US market exceeded 400000 vehicles for the first time, accounting for 41% of Hyundai's sales volume in overseas markets. In the same year, Hyundai launched two economic cars, Getz and Lavita, in the European market, which increased the sales by 14%, ending the downward trend for two consecutive years. -
In 2003, the export volume exceeded US $10 billion and exceeded 1 million vehicles. -
In May 2004, Hyundai overtook Honda for the first time in Russia to become the largest car dealer. -
In 2006, the sales volume of Hyundai Motor Group reached 3.76 million vehicles (including Hyundai and Kia), becoming the sixth largest automobile manufacturer in the world. -
In 2009, Hyundai launched the luxury car brand Hyundai Genesis and won the "North America 2009 Model Year Award". -
Hyundai Motor Group also rose from the fifth largest automobile manufacturer to the fourth largest automobile manufacturer in the world in 2011. -
While expanding the European and American markets, in 2002, Hyundai also cut into the Taiwan market and cooperated with Sanyang Industrial Technology Co., Ltd. to introduce Hyundai Motor into the Taiwan market for the first time and assemble it in Taiwan. Later, the subsidiary Nanyang Industrial Co., Ltd. was the general agent of Hyundai Motor's products. In addition, Hyundai Motor also made large-scale investment in the Chinese market. On October 18, 2002, Hyundai Motor and BAIC Investment Co., Ltd. jointly established Beijing Hyundai Motor Co., Ltd. In 2003, Beijing Hyundai realized the production capacity of 50000 complete vehicles and became one of the top ten car enterprises in China. In 2004, Beijing Hyundai upgraded its production capacity to 150000 complete vehicles and 150000 engines, making it one of the top five automobile enterprises in China. In February 2008, Beijing Hyundai's 1000000th car went off the production line. In only five years, Beijing Hyundai has become a member of China's Million Car Club. -
After entering the 21st century, the quality and brand popularity of modern cars have been greatly improved. In 2004, Hyundai Motor Co., Ltd D. Power's initial driving quality assessment report jumped from the 10th place in 2003 to the 2nd place with Toyota, becoming the automobile manufacturer that has made the greatest progress in product quality improvement since 1998. Hyundai Sonata, Accent and Santa Fe rank first in the initial drive quality evaluation of each segment market, second in compact cars and second in entry-level SUVs. J. Joey, Executive Director of D. Power. Joe Ivers commented on this, "Nobody expected that Hyundai Motor not only kept improving after 10 years of struggle to improve its product quality reputation, but also surprised that they exceeded strong European and American competitors in quality." In the same year, Hyundai Sonata in the new car safety evaluation issued by the U.S. Highway Traffic Safety Administration (NHTSA), Together with BMW 5S series, it has won the highest five-star rating. After six years of hard work by Zheng Mengjiu, Modern Kia not only successfully survived the Asian financial crisis, but also successfully changed its image of inferior quality and low price. In November 2008, several Hyundai Kia vehicles were rated as the best safe models in the "2009 Best Safe Model" issued by the American Highway Safety Insurance Association (IIHS). -
In 2018, Genesis, Kia and Hyundai, the three brands of Hyundai Motor Group, swept the top three of the list for the first time in the American market research company JD POWER New Car Quality Study (IQS). -
On July 3, 2018, Hyundai Motor said it was paying close attention Fiat Chrysler The company intends to acquire shares before the end of next year. -
In May 2019, Hyundai Motor participated in Percepto 15 million USD round A financing. -
On May 20, 2022, Hyundai Motor Group said that it planned to build a $5.5 billion factory in Georgia to manufacture electric vehicles, which was the latest example of the wave of investment in new automobile factories flowing to the southern United States.
Hyundai Motor Company (HYMTF) US equity investment
