The Hyundai Motor Group (HMG; IPA:[ˈçjəːndɛ]; stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinationalconglomerate but without a central holding company or ownership structure)[2][3] headquartered in Seoul, South Korea.
On May 22, 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. The investments were announced during a visit to South Korea by former President Joe Biden.[6]
On December 10, 2024, Hyundai allowed customers to buy Hyundai cars on Amazon. They could pick it up at their local Hyundai dealership.
Hyundai Motor Group announced plans to invest a record $16.7 billion in South Korea in 2024, focusing on green technologies and future mobility, marking its largest annual investment commitment.[13]
Hyundai Motor Group Chairman Chung Eui-sun announced that he would invest 31 trillion won in the U.S. over four years, and Trump responded by saying he would exempt the company from tariffs.[14]
The Hydrogen Wave global online forum was held on 7 September 2021. Hyundai Motor Group set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040.[15]
Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines the Hydrogen Fuel Cell System and PE System developed under collaboration with Limak. The Hydrogen Fuel Cell System is utilized as a main power source during FK's low speed driving or for the management of battery condition. Two 2kg hydrogen fuel tanks are located above the rear axle. The 2nd generation fuel cell stacks, with average power of 85kW to maximum 95kW, are located above the front axle. The PE System, which consists of two motor drives, a decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500kW.
In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.[16]
↑"Legal". Hyundai Motor Group. Retrieved 11 August 2021. Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity
↑보안상 차단된 페이지. Kmcir.com. Archived from the original on 12 September 2010. Retrieved 24 April 2011.
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