Hyundai Motor Group

The Hyundai Motor Group (IPA: [ˈhjəːndɛ]; Korean: 현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja: 現代自動車그룹 Hyeondae Jadong-cha Geurup; stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central holding company or ownership structure)[2][3] headquartered in Seoul, South Korea. The largest member of the chaebol, Hyundai Motor Company, has a controlling stake in Kia Corporation, and they are the largest and second largest car manufacturers in the country respectively.

For other uses, see Hyundai.
Hyundai Motor Group
Native name
현대자동차그룹
TypeChaebol
IndustryVarious
FoundedSeptember 2000 (September 2000)
HeadquartersSeoul, South Korea
Area served
Worldwide
Key people
Chung Mong-koo
(Honorary Chairman)
Chung Eui-sun
(Chairman & CEO)
ProductsAutomotive, Rail transport, metals, stock, engineering, steel, mining, construction, finance
Revenue US$224.1billion (2018)
US$5.22 billion (2018)
Total assets US$313.5 billion (2018)
Number of employees
278,735 (2020)[1]
Subsidiaries
List
  • Automotive

    Construction

    Sports Teams

    • Unknown
    • Kia
    • Hyundai Mobis
    • Cheonan Hyundai Capital Skywalkers
    • •
    Suwon Hyundai Engineering & Construction Hillstate
  • Suwon Hyundai E&C Hillstate
    • Hyundai Steel Red Angels WFC
  • Incheon Hyundai Steel Red Angels Finance
    • Hyundai Capital
    • Hyundai Card

    Steel and car parts

    • Hyundai GLOVIS
    • Hyundai Hysco
    • Hyundai Steel
    • Hyundai Mobis
    • Hyundai Transys
    • Hyundai Motrex
    • Hyundai Rotem
    • Hyundai Kefico
    • Hyundai IHL
    • Hyundai Wia
Websitewww.hyundaimotorgroup.com

According to the Organisation Internationale des Constructeurs d'Automobiles, it was the world's third-largest vehicle manufacturer by production volume in 2017, behind Japanese Toyota and German Volkswagen Group.[4]

Kia building with new logo.

The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88%[5] of Kia. The Hyundai-Kia automotive group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group. It is the second largest South Korean chaebol, after Samsung Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.

Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.[6] In 2017 the Group sold 7.25 million vehicles, the lowest since 2012.[7]

Major members

Automobile

Future

Steel

Auto parts

Construction

Other business and subsidiaries

Charging network

Railroad and defense vehicles

Machine tools and heavy industries

Advertising agencies
  • Innocean Worldwide

Technical development

Electrical holdings
  • Eco Energy

Logistics

Information technology

Economy and finance

Travel resort
  • Haevichi

Sports marketing

Hyundai Motor Company

Kia Motors

Other affiliate teams

Hydrogen

Hydrogen Wave global online forum was held on September 7, 2021. Hyundai Motor Group (the Group) set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040.[8]

Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines Hydrogen Fuel Cell System and PE System developed under collaboration with Limak. Hydrogen Fuel Cell System is utilized as a main power source during FK’s low speed driving or for the management of battery condition. Two of 2kg hydrogen fuel tanks are located above rear axle. Also, the 2nd generation fuel cell stacks, with the power of average 85kW to maximum 95kW, are located above the front axle. PE System that consists of two motor drives, decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500kW.

In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.[9]

See also

References
  1. "Hyundai Motor Group Financial Statements". Archived from the original on 2018-01-06. Retrieved 2022-04-03.
  2. Pae, Peter (2019-08-29). "South Korea's Chaebol". Bloomberg L.P. Retrieved 2021-08-11.
  3. "Legal". Hyundai Motor Group. Retrieved 2021-08-11. Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity
  4. "2016 World Motor Vehicle Production. OICA correspondents survey" (PDF). Retrieved 2018-06-05.
  5. "Hyundai Motor Company 2013 annual report" (PDF). Worldwide.hyundai.com. Retrieved 2014-11-02.
  6. "Hyundai and Kia miss 2015 sales targets". BBC. 4 Jan 2016. Retrieved 22 January 2018.
  7. "Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target". Reuters. 2 Jan 2018. Retrieved 22 January 2018.
  8. "Hyundai Presents its Vision for Hydrogen-Based Mobillity". hypebeast. Retrieved September 11, 2021.
  9. Dow, Jameson. "Hyundai pauses Genesis hydrogen fuel cell project just days after ending ICE engines", Electrek, December 29, 2021
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