Hyundai, officially known as the Hyundai Motor Company, is a South Korean multinational automotive manufacturer with its headquarters in Seoul, South Korea. Founded on December 29, 1967, by Chung Ju-yung, Hyundai has grown to become the world’s third-largest carmaker by production volume as of 2022¹.
The company is well-known for its diverse range of vehicles, including cars, trucks, buses, and SUVs. Hyundai also has a significant presence in the eco-friendly vehicle market with its electric vehicle brand Ioniq and luxury cars subsidiary, Genesis¹. Hyundai’s commitment to innovation is evident in its operations, such as the world’s largest integrated automobile manufacturing facility located in Ulsan, South Korea, which boasts an annual production capacity of 1.6 million units.
Hyundai’s global reach extends to selling vehicles in 193 countries through 5,000 dealerships and showrooms. The company employs approximately 75,000 people worldwide, contributing significantly to the global automotive industry. Hyundai’s influence is not limited to traditional vehicles; it is also a key player in future mobility services, including hydrogen-powered transformations and software-driven solutions.
The company’s history is marked by significant milestones, such as the release of its first model, the Cortina, in cooperation with Ford Motor Company in 1968. Hyundai’s dedication to quality and customer satisfaction has been a driving force behind its success and reputation as a reliable automobile manufacturer.
The 2024 Hyundai Elantra is a highly anticipated compact sedan that offers a perfect blend of style, performance, and advanced technology. In this comprehensive review, we will delve into the key features, performance, safety, technology, pricing, and trim levels of…