A global production network
Hyundai Motors accounted for nearly half of the South Korean automobile market; this share would increase if its subsidiary company Kia Motors was to be considered. The company was far from a one trick pony. In fact, the leading models sold in the domestic market showed healthy sales across a variety of vehicle segments.Keeping in line with the international nature of the company, Hyundai Motors had production facilities around the globe. Out of the leading countries in terms of car production worldwide, six of those had a Hyundai Motor Company manufacturing facility within its borders. The high standards of the produced cars received praise in overseas markets. A quality study’s results showed that Hyundai vehicles were among the more reliable new vehicles purchased in the United States.
Shifting towards green mobility
The automotive industry is moving towards green mobility due to climate change and its ramifications. Electric vehicles seem to be the industry’s answer to this matter, with the electric vehicle market forecasted to multiply in size in the future. South Korea was one of the leading countries at the forefront of electromobility, and the role of Hyundai Motor Company as one of the major players will be something to keep an eye on in the coming years, especially considering its ambitions regarding fuel cell vehicles (FCEVs).
