Hyundai Motor Company has reached a major milestone, producing 100 million vehicles globally since its foundation 57 years ago. This achievement places the South Korean automaker among the fastest-growing companies in the global automotive industry.
To mark this historic moment, Hyundai delivered its 100 millionth and first vehicle, a Hyundai Ioniq 5, to a customer at the Ulsan plant in South Korea.
Jaehoon Chang, President and CEO of Hyundai Motor Company, expressed gratitude towards customers worldwide for their ongoing support. He credited Hyundai’s rapid growth to its dedication to bold challenges and innovation, setting the company on a path toward future prospects.
The Ulsan plant, often referred to as the birthplace of the Korean automobile industry, started operations in 1968 and produced Korea’s first mass-produced independent model, the Pony, in 1975. Today, the Ulsan facility is a central hub for Hyundai’s electrification efforts, with plans to establish a dedicated electric vehicle (EV) facility on-site.
Dong Seock Lee, President and Head of Domestic Productions at Hyundai, recognized the efforts of the company’s employees in achieving this success. He highlighted the company’s future goals, particularly in leading the transition to an electrified future.
Hyundai’s journey to 100 million units has been marked by key innovations, including the launch of the premium Genesis brand, the high-performance N brand, and electric vehicles like the Ioniq 5. Hyundai’s global production network, including facilities in Turkey, India, the U.S., and the Czech Republic, has played a major role in this success, which also saw the company surpass the 50-million mark in 2013.
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