South Korean multinational conglomerate
The
Hyundai Motor Group
(
HMG
;
IPA:
[?hj?ːnd?]
;
[2]
stylized as
HYUNDAI
) is a South Korean
chaebol
(loosely similar to a
multinational
conglomerate
but without a central holding company or ownership structure)
[3]
[4]
headquartered in
Seoul
, South Korea.
The HMG 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 third-largest South Korean
chaebol
, after
Samsung
and
SK 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
.
History
[
edit
]
The group was formed through the purchase of 51% of
Kia
by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7%
[5]
of Kia Motors.
On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as;
urban air mobility
,
autonomous driving
,
artificial intelligence
, and
robotics
. The investments were announced during a visit to South Korea by
President Biden
.
[6]
Businesses
[
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]
The largest member of the
chaebol
,
Hyundai Motor Company
, has a controlling stake in
Kia
, and they are the largest and second largest car manufacturers in the country respectively. Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.
[7]
In 2017 the Group sold 7.25 million vehicles, the lowest in five years at that point.
[8]
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
.
[9]
[
needs update
]
In 2023, it maintained its No. 3 position in the global market while widening its gap with the fourth-ranked Renault-Nissan-Mitsubishi Alliance.
[10]
On 17 June of 2024, Hyundai Motor announced its commencement of an
Initial Public Offering
(IPO) process to list on the Mumbai-based
Bombay Stock Exchange
in
India
.
[11]
[12]
Affiliates
[
edit
]
Automobile
Manufacturing
Auto parts
Construction
Finance
Others
Hydrogen
[
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]
Hydrogen Wave global online forum was held on 7 September 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.
[13]
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 2 kg hydrogen fuel tanks are located above the rear axle. Also, the 2nd generation fuel cell stacks, with the power of average 85 kW to maximum 95 kW, 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 500 kW.
In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.
[14]
Sports marketing
[
edit
]
Hyundai Motor Company
[
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]
Other affiliate teams
[
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]
Campaign
[
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]
- 2015 Going Home ? Enabling displaced people to virtually visit their hometown by using 3D restoration technology
- 2017 Chatty School Bus ? School bus for hearing-impaired children applied with sketchbook window technology
- 2018 The Quiet taxi ? Taxi applied with audio-tactile conversion (ATC) system for hearing-impaired taxi driver
- 2020 Little Big e-Motion ? Kids mobility featuring emotion recognition technology
- 2021 Dear My Hero - Improving sanitation workers' work environment through hydrogen garbage truck
See also
[
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]
References
[
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]
- ^
"Corporate Performance About us Hyundai Motor Group"
. Retrieved
2 January
2024
.
- ^
Korean
:
현대자동차그룹 Hyeondae Jadongcha Geurup
;
Hanja
:
現代自動車그룹
;
RR
:
Hyeondae Jadong-cha Geurup
;
- ^
Pae, Peter (29 August 2019).
"South Korea's Chaebol"
.
Bloomberg L.P
. Retrieved
11 August
2021
.
- ^
"Legal"
. Hyundai Motor Group
. Retrieved
11 August
2021
.
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
- ^
"保安上 遮斷된 페이지"
. Kmcir.com
. Retrieved
24 April
2011
.
- ^
Hunnicutt, Trevor; Yang, Heekyong (22 May 2022).
"Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025"
.
Reuters
. Retrieved
22 May
2022
.
- ^
"Hyundai and Kia miss 2015 sales targets"
.
BBC
. 4 January 2016
. Retrieved
22 January
2018
.
- ^
"Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target"
.
Reuters
. 2 January 2018
. Retrieved
22 January
2018
.
- ^
"2016 World Motor Vehicle Production. OICA correspondents survey"
(PDF)
. Retrieved
5 June
2018
.
- ^
"Hyundai Motor Group solidifies position as No.3 automaker in world"
.
Korea JoongAng Daily
. 2024-02-18
. Retrieved
2024-02-19
.
- ^
"Hyundai Motor shares hit record high as investors bet on India IPO"
.
The Business Times
. 2024-06-18
. Retrieved
2024-06-18
.
- ^
Madhok, Diksha (2024-06-17).
"Hyundai: India's biggest IPO could come from South Korean car manufacturer | CNN Business"
.
CNN
. Retrieved
2024-06-18
.
- ^
"Hyundai Presents its Vision for Hydrogen-Based Mobillity"
.
Hypebeast
. Retrieved
11 September
2021
.
- ^
Dow, Jameson.
"Hyundai pauses Genesis hydrogen fuel cell project just days after ending ICE engines"
, Electrek, 29 December 2021
External links
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]
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Affiliates
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Steel
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Construction
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Parts
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Sports
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Business Groups with a total asset over KRW 10 trillion, as designated by
KFTC
in 2023
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