Hyundai Motor Hits Major Milestone with 100 Million Vehicles Produced Globally
Rhea-AI Summary
Hyundai Motor Company has achieved a significant milestone, producing 100 million vehicles globally in just 57 years since its foundation. This accomplishment positions Hyundai as one of the fastest-growing companies in the global automotive industry. To commemorate this achievement, a ceremony was held at the Ulsan Plant in Korea, where the 100 millionth and first vehicle, an IONIQ 5, was delivered to a customer.
Jaehoon Chang, President and CEO of Hyundai Motor Company, attributed this success to customer support and the company's commitment to innovation. Dong Seock Lee, President and Head of Domestic Productions, emphasized that this milestone marks the beginning of Hyundai's leadership in the future era of electrification. The company's growth has been fueled by the launch of premium brand Genesis, high-performance brand N, and the introduction of EVs like the IONIQ 5 based on the dedicated electric global modular platform (E-GMP).
Positive
- Achieved 100 million vehicles produced globally in 57 years
- One of the fastest-growing companies in the global automotive industry
- Successful launch of premium brand Genesis and high-performance brand N
- Introduction of EVs like IONIQ 5 based on dedicated electric global modular platform (E-GMP)
Negative
- None.
News Market Reaction
On the day this news was published, HYMTF declined 1.55%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- The milestone was achieved in just 57 years, during which the company took on bold challenges and was in constant pursuit of innovation
- The occasion marks 'one step further' toward future era of electrification
- The ceremony at Ulsan Plant included the delivery of the 100 millionth and first vehicle, an IONIQ 5, to a customer
As a token of gratitude for the unwavering support and trust of its customers, the company delivered its 100 millionth and first vehicle, an IONIQ 5, directly to a customer. The vehicle rolled off the final inspection conveyor belt at Ulsan Plant's shipping center during a special handover ceremony. The event also featured a celebratory display commemorating '100 million and 1', symbolizing Hyundai Motor's commitment to pushing one step further with its past accomplishments as the foundation.
"Reaching global cumulative production of 100 million vehicles is a meaningful milestone that was possible thanks to our customers around the world who have chosen and supported Hyundai Motor since the very beginning," said Jaehoon Chang, President and CEO of Hyundai Motor Company. "Taking on bold challenges and being in constant pursuit of innovation has enabled us to achieve rapid growth and will empower us to take 'one step further' toward another 100 million units as a mobility game changer."
"Each and every employee at Hyundai Motor has contributed to the accumulation of 100 million units through their hard work and dedication," said Dong Seock Lee, President and Head of Domestic Productions and Chief Safety Officer at Hyundai Motor Company. "This auspicious occasion is just the first step toward the future era of electrification that Hyundai Motor will lead."
This historic achievement follows Hyundai Motor's continuous growth, fueled by launch of the premium brand Genesis, the high-performance brand N, and introduction of EVs such as the IONIQ 5 based on the dedicated electric global modular platform (E-GMP).
To watch the commemorative video, click here.
More information about Hyundai Motor: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
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SOURCE Hyundai Motor Company
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