Khodrocar - Hyundai Motor along with Kia Motors are among the Hyundai Motor Group's subsidiaries, now recognized as the world's third-largest automaker after Toyota Japan and the German Volkswagen Group and a higher position than General Motors.
The Company owns the world's largest integrated car manufacturing plant, located in Ulsan, producing more than 1.6 million cars annually. Today, Hyundai offers its products through 6,000 official sales and distribution centers located in 193 countries.
The core of the Hyundai Group of Companies was founded in 1946 by Chang Joo-Yang, and during the first decade of its activity covered government activities, covering a variety of industrial activities such as construction, steel, shipbuilding, support services, commerce, electronics and financial services. It became South Korea's largest cluster company in the early 1960s.
Chang Jo Young founded Hyundai Motor in 1967 as a subsidiary of the Hyundai Group and the automotive arm of the industrial group. The first car offered by the company was the Ford Cortina, assembled in South Korea with the direct involvement of Ford. Owners of Hyundai have hired former British Leland Car Company CEO George Turnbull to build a self-driving car. Turnbull also employed five British engineers to advance the development and manufacture of cars.
Hyundai executives partnered with Italian design companies to design automobiles and Mitsubishi Motors to supply production and excel components, producing the first Korean car, the Pony Hyundai in 1975, after which Hyundai's first automotive product was exported to Ecuador in that year. Hyundai Pony brought Hyundai the title of best-selling Korean car maker, and it still remains with no competitor.
The second generation of the Pony Hyundai in 1982 marked another milestone, with the first large-scale export of Hyundai cars. Pony's small car profited by Korean employees' profits transformed the Canadian small car market in 1983. It was then that the automotive world became aware of the emergence of another automaker in Southeast Asia.
By 1991, Hyundai had expanded its range of cars to the larger Hyundai Elantra, the Hyundai Sonata and its first coupé. That same year, the first Alpha engine produced 1.5 liters. Sales in all major US markets were rapidly increasing. However, this growth was mainly due to the low transaction price of Hyundai cars. Even in the 1990s, Hyundai cars were still made for poor quality and little attention to detail.
The 1997 Asian financial crisis was a major blow to South Korea's auto industry, but Hyundai seized the opportunity to acquire and acquire bankrupt Kia Motors and strengthen its leading position in the Korean domestic market. However, the crisis revealed the dark part of multi-industry sales in its parent company, Hyundai.
Following pressure from the South Korean government, Hyundai owners eventually split the Hyundai Group, which, after completing the separation process, seized control of the automobile division in 1998, Chang Mong-ku, the eldest son of Chang Jo-yang. Today, he still holds the helm of the CEO and Chairman of the Hyundai Motor Board of Directors. In the early years after the company was delivered, Chang reorganized management, promoted quality control, and increased R&D investment.
After seceding from the Hyundai Group in 2000, Hyundai Motor Company was able to focus exclusively on the automotive industry under the umbrella of the Hyundai Motor Group, with Kia Motors. Since then, Hyundai Motor, led by Chang Mong-ku, has grown to the fourth largest automaker in the world, along with Kia and himself, to rank eighth largest in the world. Hyundai plans to advance to fifth place by 2014. In Europe today, Hyundai's production and design sites have been created.
During the 2000s, Hyundai cars were extensively developed in quality, technology, and even appearance, with changes to the look and design of the cars being carried out by new design centers since 2001.
The fourth generation of the Hyundai Sonata competed in the US market in the early 2000s with Japanese new and family-owned cars, while the Hyundai i10, Hyundai i20 and Hyundai i30 targeted the European market. And made a lot of sales in Europe. The company launched the Hyundai Genesis in 2008, which competes with the Lexus and Infiniti.
The new plant in the Czech Republic is projected to have an annual production capacity of about 300,000 vehicles. In addition, Hyundai now has the world's largest integrated plant and site of the automobile production complex, with production capacity of 1.6 million vehicles per year, based in Ulsan, South Korea.
In South Korea today, Hyundai alone accounts for more than 50 percent of the car market. The 2006 World Cup sponsored by Hyundai Motor also improved its image so that around 1,000 Hyundai cars were active in Germany during this time of the World Cup.