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The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. 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.
Chung Eui-sun (Korean: 정의선; born 18 October 1970), also spelled Euisun Chung, is a South Korean billionaire business magnate. He is the executive chairman and CEO of Hyundai Motor Group and the only son and "heir apparent" of Hyundai Motor Group honorary chairman Chung Mong-koo.
Chung Mong-koo (Korean: 정몽구; born March 19, 1938, in Kangwon Province) is a South Korean business magnate.He is the honorary chairman and former CEO of Hyundai Motor Group, Korea's second largest chaebol that manages 54 subsidiaries including Hyundai Motor, Kia Motors, and Hyundai Steel.
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along with Kia forms the Hyundai Kia Automotive Group. Headquartered in Seoul, South Korea, Hyundai operates in Ulsan the world's largest integrated automobile manufacturing facility, [2] which is capable of producing 1.6 million units annually. The company employs about ...
Jose Munoz, global president and chief operating officer for Hyundai Motor Company, said on his LinkedIn page that, “Hyundai Motor Group’s EV sales, which consists of Genesis, Hyundai and Kia ...
In 1998, Hyundai began to overhaul its image in an attempt to establish itself as a world-class brand. Chung Ju-yung transferred leadership of Hyundai Motor to his son, Chung Mong-koo, in 1999. [22] Hyundai's parent company, Hyundai Motor Group, invested heavily in the quality, design, manufacturing, and long-term research of its vehicles. It ...
South Korea's Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United ...
On May 20, 2022, Hyundai Motor Group joined Georgia Gov. Brian Kemp to announce the company would open an assembly and battery megaplant outside Savannah. This factory, in partnership with the ...