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It has been selling cars in Europe since the first half of 1991. Kia Motors Europe is formally founded in 1995, in Neu Wulmstorf (near Hamburg). In 1997, Kia moves its European headquarters from Neu Wulmstorf to Bremen, and due to logistical reasons since around 2005, Kia moved its European headquarters to Eschborn (near Frankfurt).
Hyundai-Kia European Technical Center. The Kia Design Center Europe was opened in 2007 in Frankfurt, Germany. Kia had previously shared a facility with Hyundai in Rüsselsheim, Germany. [7] The new headquarters building is located adjacent to Frankfurt's main showground where the city hosts its biennial auto show. [7
1982 Hyundai Pony. Chung Ju-yung (1915–2001) founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, and the company's first model, the Cortina, was released in cooperation with Ford Motor Company in 1968.
As of 2011, Hyundai owns 33.7% [5] of Kia Motors. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as; urban air mobility , autonomous driving , artificial intelligence , and robotics .
In November 2008, Hyundai opened the European plant in Nošovice, Czech Republic, following an investment of over 1 billion euros and over two years of construction. [28] [29] The plant, which mainly manufactures the i30 and Tucson for the European market, has an annual capacity of 300,000 cars. [30] It previously also built the ix20 mini MPV.
The takeover of Sixt Leasing SE in 2020 is set to propel HCBE's competitive edge in Europe. [25] Hyundai Capital UK. Hyundai Capital UK (HCUK) is a captive finance company which commenced trading in 2012. It is a joint venture between Hyundai Capital, Hyundai Motor UK, Kia Motors UK and Santander Consumer Finance. [26]
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HL Mando Corporation (Korean: 에이치엘만도 주식회사), with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to General Motors, Cadillac, Ford, Chrysler, Chevrolet, Nissan, Kia Motors Company, Fiat, Volkswagen, BMW, Suzuki, Hyundai Motor Company, and many other global automobile distributors.