Hyundai Motor achieved a great feat today. Indeed, Hyundai announced that today the company has reached cumulative production of 100 million units worldwide.
South Korean car giant Hyundai Motor achieved a great feat today. Indeed, Hyundai announced that today the company has reached cumulative production of 100 million units worldwide. Let us tell you that this feat has been achieved in just 57 years since the company’s inception, making it one of the fastest growing companies in the global automobile industry. To mark the occasion, the company delivered its 100 millionth and first vehicle, the Hyundai Ioniq 5, directly to a customer at its Ulsan factory in South Korea.
What does the company say
Speaking on the occasion, Jehoon Chang, Chairman and CEO of Hyundai Motor Company, said: “Reaching cumulative production of 100 million vehicles is a significant milestone made possible thanks to our customers around the world who have chosen and supported Hyundai Motor from the beginning. . I did.” He added: “Taking on bold challenges and continually pursuing innovation have enabled us to achieve rapid growth and move closer to a game-changing 100 million unit production mobility.”
Why is the Ulsan factory special?
Let us tell you that the Ulsan factory started operations in 1968 and has historical significance as the “cradle of development of the Korean automobile industry”. The factory produced Korea’s first mass-produced independent model, the Pony, in 1975. Currently, the factory is a central hub for electrification and the company is establishing a dedicated electric vehicle (EV) facility ) on the site.