Hyundai Motor Group

Hyundai Motor's Brand Value Rises 18 Percent, Driven by Accelerated Electrification and Future Mobility Vision

Retrieved on: 
Tuesday, November 21, 2023

The company's brand rank rose from 35th to 32nd — the first increase in rank since 2016, based in part on Hyundai Motor's accelerated electrification and future mobility vision.

Key Points: 
  • The company's brand rank rose from 35th to 32nd — the first increase in rank since 2016, based in part on Hyundai Motor's accelerated electrification and future mobility vision.
  • In 2014, Hyundai Motor's brand value reached $10 billion, and for the first six years, its valuation rose $4 billion.
  • However, following Euisun Chung's appointment as Hyundai Motor Group's Executive Chair, its valuation has increased $6 billion in merely three years.
  • "Hyundai Motor Company is making big strides in forwarding its vision of 'Progress for Humanity' through the IONIQ brand," said an Interbrand representative.

Hyundai Capital Services recognized by UN Global Compact for its sustainable finance best practices

Retrieved on: 
Friday, November 17, 2023

SEOUL, South Korea, Nov. 17, 2023 /PRNewswire/ -- Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the "Sustainable Finance" category at the "UN Global Compact Korea Leaders Summit 2023" hosted by the United Nations Global Compact (UNGC) Korea.

Key Points: 
  • SEOUL, South Korea, Nov. 17, 2023 /PRNewswire/ -- Hyundai Capital Services announced today that it was acknowledged as the Best Practice Company in the "Sustainable Finance" category at the "UN Global Compact Korea Leaders Summit 2023" hosted by the United Nations Global Compact (UNGC) Korea.
  • During the Summit, Daniel Lee, CFO of Hyundai Capital Services presented on the company's ESG management best practices and shared performance results with the UNGC members.
  • Joining the CFO Coalition is a great opportunity for Hyundai Capital Services to continue advancing sustainable finance in global business.
  • "As a global automotive finance company, Hyundai Capital Services plans to continue to actively project eco-friendly values into its financial products and services.

2023 Insights on Asian OEMs' Over-the-Air Update (FOTA/SOTA) Strategies: How Market Players are Looking to Enhance their OTA Capabilities to Gain a Competitive Edge

Retrieved on: 
Wednesday, November 15, 2023

OTA Updates in the Automotive Industry: How and Why

Key Points: 
  • OTA Updates in the Automotive Industry: How and Why
    OTA Updates in the Automotive Industry: A Timeline
    OEMs Recalling Vehicles with and without OTA Updates: A Case Study
    4 Privacy Data Regulations and Standards Impacting OTA Updates: South Korea and Japan
    Digital Personal Data Protection Bill (DPDPB), 2023: India
    5 Automaker OTA Updates by Segment: India
    6 Automaker OTA Updates by Segment: Japan
    7 Automaker OTA Updates by Segment: South Korea
    South Korea Automakers' OTA Updates: A Snapshot
    Hyundai Motor Group's OTA Updates: A Snapshot
    Hyundai Motor Group's OTA Updates: A Timeline

Hyundai Motor Group Executive Chair Euisun Chung awarded Commander of the Order of the British Empire (CBE)

Retrieved on: 
Tuesday, November 14, 2023

Executive Chair Chung became the first Korean to be awarded the title of CBE since the accession of His Majesty King Charles III.

Key Points: 
  • Executive Chair Chung became the first Korean to be awarded the title of CBE since the accession of His Majesty King Charles III.
  • On behalf of His Majesty, British Ambassador to the Republic of Korea, Colin Crooks, presented Executive Chair Chung with the award at the Medal of Merit ceremony held at the British Embassy, Seoul, on November 14.
  • "The spirit of Hyundai Motor Group has always been to achieve what may seem impossible now, and to excel beyond expectations.
  • And we know that this was possible because we have friends like you," Chung added.

Hyundai Motor Group Executive Chair Euisun Chung awarded Commander of the Order of the British Empire (CBE)

Retrieved on: 
Tuesday, November 14, 2023

Executive Chair Chung became the first Korean to be awarded the title of CBE since the accession of His Majesty King Charles III.

Key Points: 
  • Executive Chair Chung became the first Korean to be awarded the title of CBE since the accession of His Majesty King Charles III.
  • On behalf of His Majesty, British Ambassador to the Republic of Korea, Colin Crooks, presented Executive Chair Chung with the award at the Medal of Merit ceremony held at the British Embassy, Seoul, on November 14.
  • "The spirit of Hyundai Motor Group has always been to achieve what may seem impossible now, and to excel beyond expectations.
  • And we know that this was possible because we have friends like you," Chung added.

Hyundai Motor Group Brings Art Cars to San Francisco, Boosting Busan's Bid to Host 2030 World Expo

Retrieved on: 
Monday, November 13, 2023

Hyundai Motor Group has previously promoted Busan's bid to host the 2030 World Expo with art cars in Paris, New York, New Delhi, Jakarta and Switzerland

Key Points: 
  • Hyundai Motor Group has previously promoted Busan's bid to host the 2030 World Expo with art cars in Paris, New York, New Delhi, Jakarta and Switzerland
    SEOUL, South Korea and SAN FRANCISCO, Nov. 13, 2023 /PRNewswire/ -- Hyundai Motor Group (the Group) announced today an exhibition and road tour of 14 art cars in San Francisco to support Busan, South Korea's bid to host the 2030 World Expo.
  • The Group intensifies its efforts in the final push for the host country election, as the decision looms just two weeks ahead.
  • Hyundai Motor's IONIQ 5 and IONIQ 6 all-electric models as well as Genesis luxury brand's Electrified G80 sedan will be on exhibit.
  • The art cars will also take a thrilling tour through San Francisco's main thoroughfares, particularly near the main venue of 2023 APEC Economic Leaders' Week.

Hyundai Motor Group Brings Art Cars to San Francisco, Boosting Busan's Bid to Host 2030 World Expo

Retrieved on: 
Monday, November 13, 2023

Hyundai Motor Group has previously promoted Busan's bid to host the 2030 World Expo with art cars in Paris, New York, New Delhi, Jakarta and Switzerland

Key Points: 
  • Hyundai Motor Group has previously promoted Busan's bid to host the 2030 World Expo with art cars in Paris, New York, New Delhi, Jakarta and Switzerland
    SEOUL, South Korea and SAN FRANCISCO, Nov. 13, 2023 /PRNewswire/ -- Hyundai Motor Group (the Group) announced today an exhibition and road tour of 14 art cars in San Francisco to support Busan, South Korea's bid to host the 2030 World Expo.
  • The Group intensifies its efforts in the final push for the host country election, as the decision looms just two weeks ahead.
  • Hyundai Motor's IONIQ 5 and IONIQ 6 all-electric models as well as Genesis luxury brand's Electrified G80 sedan will be on exhibit.
  • More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com .

Hyundai Announces Higher Wage Structure for Production Team Members in Alabama and Georgia

Retrieved on: 
Monday, November 13, 2023

FOUNTAIN VALLEY, Calif., Nov. 13, 2023 /PRNewswire/ -- Hyundai today announced a new wage structure for its production team members at Hyundai Motor Manufacturing Alabama (HMMA) and Hyundai Motor Group Metaplant America (HMGMA) in Georgia.

Key Points: 
  • FOUNTAIN VALLEY, Calif., Nov. 13, 2023 /PRNewswire/ -- Hyundai today announced a new wage structure for its production team members at Hyundai Motor Manufacturing Alabama (HMMA) and Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
  • Hyundai will begin a wage strategy in January 2024 that will result in U.S. production team member hourly wages increasing 25% by 2028.
  • Production team members in Alabama have achieved their production targets this year, including successful preparations to begin production of the all-new Hyundai Santa Fe in January 2024 (which will be shown at the Los Angeles Auto Show this week) and Genesis Electrified GV70, earlier this year.
  • Hyundai Motor Manufacturing Alabama, headquartered in Montgomery, Ala., is an independent manufacturing operation of Hyundai Motor Company, based in Seoul, Korea.

Autonomous Vehicles Market to Hit $ 448568.61 Million, Globally, by 2035 at 22.2% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 9, 2023

WILMINGTON, Del., Nov. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Autonomous Vehicles Market by Level of Automation (Level 3, Level 4, Level 5), by Component (Hardware, Software and Services), by Application (Civil, Robo Taxi, Ride Share, Ride Hail, Self-Driving Truck, Self-driving Bus): Global Opportunity Analysis and Industry Forecast, 2025-2035". According to the report, the global autonomous vehicle market size was valued at $60,325.7 million in 2025, and is projected to reach $448,568.61 million by 2035, registering a CAGR of 22.2% from 2025 to 2035.

Key Points: 
  • The outbreak of the Covid-19 pandemic had a negative impact on the autonomous vehicles market, owing to supply chain disruptions.
  • On the basis of component, the autonomous vehicles market accounted for the largest share in 2025, contributing to nearly half of the global autonomous vehicles Market revenue, however, software and services are projected to lead the market during the forecast period.
  • Many auto manufacturers have focused on developing advanced hardware systems for autonomous vehicles, due to which investments have gone on in the market.
  • On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for two-fifths of the global autonomous vehicles market revenue.

Autonomous Vehicles Market to Hit $ 448568.61 Million, Globally, by 2035 at 22.2% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 9, 2023

WILMINGTON, Del., Nov. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Autonomous Vehicles Market by Level of Automation (Level 3, Level 4, Level 5), by Component (Hardware, Software and Services), by Application (Civil, Robo Taxi, Ride Share, Ride Hail, Self-Driving Truck, Self-driving Bus): Global Opportunity Analysis and Industry Forecast, 2025-2035". According to the report, the global autonomous vehicle market size was valued at $60,325.7 million in 2025, and is projected to reach $448,568.61 million by 2035, registering a CAGR of 22.2% from 2025 to 2035.

Key Points: 
  • The outbreak of the Covid-19 pandemic had a negative impact on the autonomous vehicles market, owing to supply chain disruptions.
  • On the basis of component, the autonomous vehicles market accounted for the largest share in 2025, contributing to nearly half of the global autonomous vehicles Market revenue, however, software and services are projected to lead the market during the forecast period.
  • Many auto manufacturers have focused on developing advanced hardware systems for autonomous vehicles, due to which investments have gone on in the market.
  • On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for two-fifths of the global autonomous vehicles market revenue.