Hyundai Celebrates Major Milestone: The 100 Millionth Vehicle Rolls Off the Production Line

Hyundai Motor Company has reached an incredible milestone, celebrating the production of its 100 millionth vehicle at the Ulsan Plant in South Korea. This landmark achievement comes just 11 years after the company celebrated its 50 millionth vehicle, showcasing the rapid growth and innovation that has characterized Hyundai’s journey over the decades.

A Momentous Occasion

The milestone vehicle, a 2024 Hyundai IONIQ 5, was officially handed over to its new owner during a special ceremony marking this significant achievement. The Ulsan Plant holds a special place in automotive history; it is often referred to as the birthplace of the Korean car industry. Back in 1975, Hyundai produced the Pony, its first mass-produced, independently-developed model, setting the stage for the company's future success.

CEO's Reflections

In his remarks about this momentous occasion, Hyundai CEO Jaehoon Chang expressed gratitude to the brand’s global customers: “Reaching global cumulative production of 100 million vehicles is a meaningful milestone that was possible thanks to our customers around the world who have chosen and supported Hyundai Motor since the very beginning,” he stated. He further emphasized the importance of taking bold challenges and pursuing constant innovation, which has fueled Hyundai’s growth and will continue to drive the company forward. “This empowers us to take ‘one step further’ toward another 100 million units as a mobility game changer,” Chang added.

A Journey Through Time

Founded in 1967, Hyundai began its automotive journey by building the Ford Cortina under license in 1968. The introduction of the Pony in 1975 marked a significant turning point, as it was the first vehicle produced entirely in-house. The 1980s witnessed a period of rapid expansion for Hyundai, highlighted by the introduction of key models such as the Sonata and the budget-friendly Excel, which made waves in the United States market.

Hyundai’s expansion didn’t stop there; the company entered the Australian market in 1986, quickly establishing itself as one of the fastest-growing automotive brands in the region. In the mid-1990s, Hyundai turned its attention to Europe for further growth, acquiring Kia Motors shortly thereafter, which solidified its status as an emerging giant in the automotive industry.

Current Standing in the Industry

Hyundai’s remarkable progress is evident in its production capabilities. Last year alone, the Hyundai Motor Group produced and delivered an astonishing 7.1 million vehicles worldwide, positioning it as the third-largest car manufacturer globally, trailing only behind the Volkswagen Group and Toyota Group.

Conclusion

As Hyundai celebrates this remarkable achievement of producing 100 million vehicles, it stands as a testament to the brand's commitment to innovation, quality, and customer satisfaction. With bold plans for the future and a strong global presence, Hyundai is poised to continue its journey as a leader in the automotive industry. Here’s to the next chapter in Hyundai’s history, as it aims for the next 100 million vehicles!