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's fleet highlights that it is 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. From the leading countries in terms of car production worldwide, four of the featured nations had a Hyundai Motor manufacturing facility within its borders. Such plants also produce model variants tailored for the local markets. A U.S.-based quality study’s results show that Hyundai vehicles are considered reliable when compared to its competitors.
Shifting towards environmentally friendly 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 grow in the future. South Korea is considered one of the leading countries at the forefront of electromobility, and the role of Hyundai Motor Company as the country's major player will be something to keep an eye on in the coming years, especially considering its ambitions regarding fuel cell vehicles (FCEVs).
