Hyundai Motor Company was founded in 1967 by Chung Ju-yung, a Korean businessman. The company’s first car, the Pony, was launched in 1975. Hyundai quickly became one of the leading automakers in South Korea, and by the 1990s, it was exporting cars to over 100 countries.
In the early 2000s, Hyundai began to expand its global presence, opening new manufacturing plants in China, India, and the United States. The company also began to focus on developing more fuel-efficient and environmentally friendly vehicles. In 2016, Hyundai launched its first electric car, the Ioniq.
Journey
Hyundai’s journey into the EV market has been a long and winding one. The company began developing electric vehicles in the early 1990s, but it wasn’t until 2016 that it launched its first commercial EV, the Ioniq. The Ioniq was a success, and it helped Hyundai to establish itself as a major player in the global EV market.
In the years since the launch of the Ioniq, Hyundai has continued to expand its EV lineup. In 2018, the company launched the Kona Electric, and in 2021, it launched the Ioniq 5 and the Ioniq 6. Hyundai has also announced plans to launch a new electric SUV, the Ioniq 7, in 2024.
Present
Today, Hyundai is one of the world’s leading automakers in the EV market. The company offers a wide range of electric vehicles, including cars, SUVs, and trucks. Hyundai is also a leader in the development of new EV technologies, such as solid-state batteries and long-range charging infrastructure.
Entry into the EV market
Hyundai’s entry into the EV market was a major milestone for the company. The launch of the Ioniq in 2016 helped Hyundai to establish itself as a major player in the global EV market. In the years since the launch of the Ioniq, Hyundai has continued to expand its EV lineup and invest in new EV technologies. Hyundai is committed to becoming a leader in the EV market, and the company is well-positioned to succeed.
Here are some of the key factors that have helped Hyundai to succeed in the EV market:
- Strong track record of innovation: Hyundai has a long history of innovation in the automotive industry. The company has been a pioneer in the development of new technologies, such as fuel cells and electric vehicles.
- Global presence: Hyundai has a global presence, with manufacturing plants and sales operations in over 100 countries. This gives the company a strong foundation to sell its EVs around the world.
- Commitment to sustainability: Hyundai is committed to sustainability. The company has set a goal of selling 1 million EVs by 2025. Hyundai is also investing heavily in the development of new EV technologies, such as solid-state batteries and long-range charging infrastructure.
Hyundai is well-positioned to be a major player in the future of the EV market. The company has a strong track record of innovation, a global presence, and a commitment to sustainability. Hyundai is poised to lead the way in the transition to a cleaner, more sustainable transportation future.
Hyundai Company Profile
| Founded in: | 1967 |
| Owner Company: | Hyundai |
| Main Headquarter: | South Korea |
| Area Served: | Worldwide |
| Manufacturer of: | Four Wheelers |
| Communication: | Official Website |
