Hyundai, established in 1947 as a construction company, ventured into the automotive industry in 1975 with the Pony, South Korea’s first mass produced car. The Pony, a subcompact model, faced stiff competition from more established Japanese brands, but it marked the beginning of Hyundai’s journey to become a global automotive powerhouse.
Despite a rocky start and reliance on foreign technology, Hyundai has achieved remarkable growth. Today, it is one of the world’s leading automotive manufacturers, selling over 4 million vehicles annually and holding the third position in global sales.
The recent delivery of the 100 millionth vehicle, a 2025 Ioniq 5, marks a significant milestone in Hyundai’s history, showcasing its unwavering commitment to innovation and customer satisfaction.
The delivery of the 100 millionth vehicle is a testament to Hyundai’s unwavering commitment to innovation and customer satisfaction. It highlights the company’s ability to adapt to changing market trends and deliver products that resonate with consumers worldwide.
As Hyundai continues to expand its global footprint and introduce new models, it is poised to solidify its position as a major player in the automotive industry. Hyundai’s fortunes dramatically improved in 1986 with the U.S. launch of the Excel, followed by local production in Alabama. Its European presence expanded in 1994 with a research and development center and a manufacturing plant in 2008.
This steady growth and commitment to quality made Hyundai a formidable force in the automotive industry. The Ioniq 5’s 800-volt architecture outperforms competitors like Volkswagen’s MEB and Toyota’s e-TNGA, offering more range and power in a compact package.
Volkswagen and Toyota’s cheaper electrical architectures are a stark contrast. However, declining EV demand and increasing hybrid popularity may benefit these companies. The 2024 ID.4 starts at $39,735 with a 291-mile range, while the bZ4X starts at $43,070 with a 236-mile range. The Ioniq 5 offers a 303-mile range and starts at $41,800.
