[News Article] Hyundai Motor reports major milestone of 100 mln units in cumulative production
Hyundai
Motor reports major milestone of 100 mln units in cumulative production
By Chang Dong-woo, Yonhap News
Agency - Hyundai Motor Co. on Monday reached a major milestone of 100 million
units in global cumulative production, an achievement accomplished in 57 years
since the company's foundation, the automaker said. In celebration of the
achievement, Hyundai Motor held a ceremony at its plant in Ulsan, some 300
kilometers southeast of Seoul, where the company produced South Korea's first
mass-produced independent model, the Pony, in 1975. The company said it delivered
its 100 millionth and first vehicle, an Ioniq 5, directly to a customer. The
vehicle rolled off the final inspection conveyor belt at the plant's shipping
center during a handover ceremony. "Reaching global
cumulative production of 100 million vehicles is a meaningful milestone that
was possible thanks to our customers around the world who have chosen and
supported Hyundai Motor since the very beginning," Chang Jae-hoon,
president and CEO of Hyundai Motor, said. Chang added, "Taking on
bold challenges and being in constant pursuit of innovation have enabled us to
achieve rapid growth and will empower us to take one step further toward
another 100 million units as a mobility game changer." The Ulsan Plant, which began
operations in 1968, holds significant historical importance as the birthplace
of the development of the Korean automobile industry. The plant serves as a
central hub for electrification, with Hyundai currently establishing a dedicated
electric vehicle (EV) facility at the site. Hyundai Motor's achievement is
seen as one of the fastest growth among global automakers. From 1967 to August of this
year, the bestselling model was the Avante, known as the Elantra overseas, with
15.37 million units sold, followed by the Accent with 10.25 million units, the
Sonata with 9.48 million units, the Tucson with 9.36 million units and the
Santa Fe with 5.95 million units. This achievement follows
Hyundai Motor's continuous growth, fueled by the launch of the premium brand
Genesis, the high-performance brand N, and the introduction of EVs such as the
Ioniq 5 based on the company's dedicated electric global modular platform. The company's global footprint
has expanded with production facilities in Turkey, India, the United States and
the Czech Republic, contributing to record achievements, including surpassing
50 million vehicles manufactured in 2013. Last year, Hyundai Motor built
on this momentum by establishing the Hyundai Motor Group Global Innovation
Center Singapore, a new concept of a smart urban mobility hub. Manufacturing platforms and
advanced technologies developed there, including artificial intelligence
technology, robots and smart factories, are set to be introduced to future
production factories, such as Hyundai Motor Group Metaplant America currently being
built in the U.S. state of Georgia. Source: https://en.yna.co.kr/view/AEN20240930001800320
2024.10.04