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About Hyundai

Hyundai Motor Company ( Hangul : 현대 자동차 주식회사) is a car manufacturer from South Korea , headquartered in Seoul. Hyundai is Korean for modernity. The shares are listed on the stock exchange.

Activities

Hyundai Motor Company is the largest automobile manufacturer in South Korea . In 2013 it produced around 4.7 million vehicles and had a world market share of 6%. Over 600,000 vehicles were sold in the home market, giving it a domestic market share of 40%.

40% of all vehicles were produced in South Korea. The largest factory with an annual capacity of 1.5 million vehicles is located in Ulsan. The factory has 34,000 employees. In Jeonju is a smaller factory where mostly commercial vehicles are made such as trucks and buses. More than 1 million vehicles were produced in the People’s Republic of China, or a fifth of the total. Smaller factories are located in the United States, India, the Czech Republic, Russia and Brazil. In 2015, the American factory celebrated in Alabamathe tenth anniversary. Since it opened in 2005, 3 million vehicles have been produced here.

In 2015, Hyundai announced plans to introduce its own luxury brand, Genesis. Hyundai follows Nissan with Infiniti and Toyota with Lexus. Hyundai plans to have six Genesis models in showrooms by 2020 to better compete with other luxury brands.

Results

Hyundai has seen car sales increase by a quarter in the years 2010 through 2013, bringing its market share in global car sales to nearly 6%. The company achieved record profit in 2013 and the net profit margin was 10%, which was remarkably high as Hyundai mainly offers small passenger cars and the profit margins on large and expensive vehicles are generally highest. After 2013, car sales growth slowed and even stagnated in 2015. The low oil price weakened the demand for energy-efficient vehicles and profits have been under pressure ever since.

Shareholders

The shares have been listed on the Korea Exchange since 1974 , and are further traded in London and Luxembourg. As of December 31, 2017, the two major shareholders were Hyundai MOBIS with a 20.8% stake and Mong-koo Chung with 5.2% of the shares.

History

Hyundai Motor Company was established in 1967. Production was started a year later with the assembly of the Ford Cortina, which was assembled in Korea to circumvent import duties on complete cars. In 1973 Hyundai decided to develop its own model. Italian stylist Giugiaro designed the Hyundai Pony, which was already presented at the car exhibition in Turin in 1974. However, it was not until 1976 that production started to take off. Hyundai had little experience and had to purchase almost all technology. For example, the engines of the Pony came from Mitsubishi. That first Hyundai was certainly not a refined car, but the price was low and the quality reasonable.

Hyundai’s second, slightly larger model took a long time to arrive: Only in 1983 did the Hyundai Stellar hit the market. In terms of technology, the car was quite dated with a Ford Taunus- based chassis, but the complete and luxurious equipment made up for it. Then developments followed each other at a faster pace. In 1985 a new Pony came and three years later a large sedan, the Hyundai Sonata, followed.

Until 1991, much use was made of foreign engines and parts. In 1991, the first Korean engine came on the market. More than a million vehicles were produced for the first time in 1994.

In 1998 the acquisition of Kia Motors followed. Kia was in financial trouble and the creditors organized an auction. Four parties made bids, Hyundai the highest.

In 2003, more than 1 million cars were exported for the first time. Hyundai opened factories in key markets, including in Turkey , India and the People’s Republic of China.

In May 2002, Hyundai and the Chinese BAIC Group agreed to work together on an existing car factory in Beijing. Hyundai improved the installations and production technology and on October 18, 2002, the Beijing Hyundai Motor Co., Ltd. joint venture. (Beijing Hyundai or BHMC) established. The partners each received 50% of the shares. Beijing Hyundai became a success and between 2013 and 2016 more than 1 million vehicles were produced every year. This was more than 20% of Hyundai’s total car production over the same period. The Chinese interest was transferred in 2010 to a listed subsidiary of the BAIC Group, BAIC Motor.

Passenger car models

Current models

1. H1
2. H350
3. i10
4. i20
5. ix20
6. i30 (hatchback)
7. i30 cw (station wagon)
8. i30 Fastback
9. i30 N.
10. Ioniq (2016)
11. Kona (also Kona Electric)
12. Nexo
13. Santa Fe
14. Tucson

Earlier models

• Atos (replaced by i10)
• Azera (sold in South Korea as ‘Grandeur’, replaced by i50)
• Coupé
• Elantra
• Excel
• Genesis Coupé
• Getz
• Grandeur
• Lantra
• Matrix
• Pony
• Scoupe
• Stellar
• Terracan
• Trajet
• Tucson / ix35
• Veracruz / ix55
• XG
• H100
• H200
• i40 sedan
• i40 cw (station wagon)