South Korea's Hyundai Motors surpasses 100 million units in cumulative production = ”HYUNDAI” cars now running around the world

South Korea's Hyundai Motors has surpassed the 100 million mark in cumulative production. The company has surpassed the milestone in just 57 years since its founding in 1967. This is said to be the fastest pace among the world's major automakers.
According to A, the company's president, Chang Jae-hoon, commented, "We owe our achievement of 100 million units to our customers who have supported Hyundai Motor since our founding until today."
Hyundai Motors is one of the world's leading automakers, with sales in over 190 countries and regions. In terms of global sales, the company's luxury brand Genesis and its
Hyundai Motor Group, including Kia, is the world's third largest automaker. Hyundai Motor was founded in 1967 by Chung Ju-yeon, founder of the Hyundai Group.
Received technical support from the automobile manufacturer Ford and began knock-down production of the Ford Cortina. Later, friction arose with Ford over the development of small cars, and the company was forced to close its doors in Japan.
In 1975, the company launched the Pony, Korea's first domestically produced car. Approximately 10,000 units were produced in the first year, dominating the Korean automobile market at the time.
With the launch of the Pony, the company led the way in popularizing automobiles in Korea, and in 1986 the total production of all its models exceeded one million.
The company expanded its lineup of vehicles to expand its market share, and in 1998 it embarked on a policy to revamp its image and make Hyundai a global brand.
It took over Kia Motors, which was in financial difficulty due to the crisis, and became the Hyundai-Kia Motors Group (Hyundai Motor Group).
In the 2000s, GM Tesla's monthly domestic and overseas sales fell for the first time in 2006 due to a strike.
It was overtaken by Daewoo. It also struggled in the Chinese and North American markets, but the following year, in 2007, the Hyundai-Kia Motors Group became the fifth largest automaker in the world in terms of sales, surpassing Honda and Nissan, and is expected to reach 100,000 units by 2022.
Hyundai Motor alone surpassed the 50 million mark in cumulative sales in 2013. In 2015, the company launched the luxury car brand "Genesis," as well as the "Ioniq 5."
The company has been focusing on selling electric vehicles (EVs) of all kinds. In 2020, it unified the name used in various countries around the world to "Hyundai."
Last year, the company recorded its highest performance since its founding in terms of sales, operating profit, and number of units sold.
In the April-June quarter of this year, operating profit, which represents the profit from the company's core business, increased 0.7% year-on-year to 4.2791 trillion won (about 472 billion yen), surpassing the previous record of 4.248 trillion won (about 4.56 billion yen) for the same period last year.
Sales also increased 6.6% to 45.206 trillion won, surpassing the same period last year (42.2332 trillion won) and setting a new record high on a quarterly basis.
According to an article by Yonhap News Agency that reported the news at the time, a Hyundai Motors official said, "We are facing uncertainties such as slowing demand due to high interest rates and rising incentives due to intensifying competition in major markets.
Although the business environment remains difficult, we are maintaining stable profitability thanks to sales centered on high-value-added models and the effect of foreign exchange rates."
Hyundai Motor Group Chairman Chung Eui-sun, who took office in 2020, has been promoting eco-cars.
In addition, Hyundai Motor has decided to make large-scale investments in new technologies such as autonomous driving. In August of this year, Hyundai Motor announced the launch of the "Hyundai Dynamic Capacity" to quickly respond to market conditions, and the expansion of various mobility businesses.
"Mobility Game Changer" for the future ▼ Hyundai Motor announced its mid- to long-term strategy, "Hyundai Way," which is centered on being an "Energy Mobilizer" to prepare for the transition to a hydrogen society.
The company plans to invest more than 120 trillion won (approximately 13 trillion yen) in the mobility business in the future. It also set a goal of achieving annual global sales of 5.55 million units by 2030.
Hyundai Motor announced on the 30th of last month that its cumulative production volume through September of this year had exceeded 100 million units.
The company's cumulative sales had already exceeded 100 million units in 2016, but Hyundai Motor alone has surpassed that milestone 57 years after its founding.
On the same day, the delivery center of the Ulsan factory in the southeast reached 100 million units.
A commemorative event was held, and the 100 millionth car produced, the company's flagship EV, the Ioniq 5, was handed over to a buyer in his 20s.