HYUNDAI – SmartGrandad

. BEVs > Hyundai

– Ownership and Brief History

Ownership:

Here’s a breakdown:

Hyundai Motor Group:
- This is a South Korean chaebol (a large industrial conglomerate).
- It’s a network of interconnected companies with complex shareholding arrangements.
- Hyundai Motor Company is a key part of this group.
Key points:
- While “Hyundai Motor Company” is a major part of the structure, the overarching entity is the “Hyundai Motor Group.”
- There are also major share holders, such as the Chung family, and also institutional investors.
- Hyundai Motor company has a significant share of Kia motor company.

In essence, it’s not a single individual, but rather a large group of affiliated companies.

Brief History:

Hyundai, a South Korean multinational automotive manufacturer, has made significant strides in electric vehicles (EVs). Their dedicated battery electric vehicle (BEV) range, Ioniq, includes various models. Additionally, Hyundai owns 33.88% of Kia Corporation and fully controls two marques: Genesis (luxury cars) and Ioniq (electric vehicles).