Hyundai Motor Company
Other OTCCapital Structure
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in mil. unless spec.- CEO
- Eui-Sun Chung
- Full Time Employees
- 63,018
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- 12, Heolleung-ro Seoul South Korea
- IPO Date
- Feb 13, 2009
- Website
- hyundai.com
- Similar Companies
- Business
- Hyundai Motor Company (HYMTF) manufactures and sells a broad range of passenger vehicles, including sedans such as Elantra, Sonata, and Grandeur; hatchbacks including i10, i20, and i30; crossover SUVs like Tucson, Santa Fe, Kona, Creta, and Palisade; and pickup trucks such as Santa Cruz; along with luxury vehicles under its Genesis brand, electric vehicles through the IONIQ sub-brand (IONIQ 5, IONIQ 6, IONIQ 9), hybrid models, hydrogen fuel cell vehicles like Nexo and Xcient Fuel Cell, light commercial vans including H350/Solati, heavy trucks, and buses. The company operates manufacturing facilities in South Korea (including the world's second-largest plant in Ulsan), the United States, India, Czech Republic, Turkey, Brazil, China, Indonesia, Vietnam, and other regions, serving customers in over 190 countries through approximately 5,000 dealerships with a focus on internal combustion, hybrid, electric, and hydrogen powertrains across retail, fleet, and commercial segments. Founded in 1967 and headquartered in Seoul, South Korea, Hyundai Motor Company forms the core of Hyundai Motor Group, which includes affiliates such as Kia Corporation (33.88% owned), Genesis, and Hyundai MOBIS; it reported global sales of 4.14 million vehicles in 2024 and targets 5.55 million units by 2030, with electrified vehicles comprising 3.3 million. In recent developments, the company announced a strategic alliance with General Motors in 2025 to co-develop five vehicles for launch starting 2028, including compact SUVs, pickups, cars, and an electric commercial van for North and South America, complemented by joint sourcing and low-carbon steel initiatives following a 2024 framework agreement. Hyundai unveiled its 2030 vision in 2025, expanding hybrids to over 18 models (including Genesis hybrids from 2026 and Palisade Hybrid with TMED-II technology), launching a mid-size pickup in North America before 2030, regional EVs like IONIQ 3 for Europe and India-specific models, Extended Range EVs from 2027, and Phase 2 HMGMA expansion adding 200,000 units capacity by 2028 with $2.7 billion investment; it also introduced the Pleos software brand for cloud mobility in 2025 and partnered with CuspAI for AI-driven sustainable materials. Additionally, in late 2024, Hyundai appointed Jose Munoz as global co-CEO effective January 2025 and signed a 610 GWh renewable energy PPA to support its carbon neutrality goals.
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