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    Hyundai Motor Revenue, Marketcap, Net Worth, Competitors 2026

    DariusBy Updated:No Comments5 Mins Read
    Hyundai Motor Co., Ltd. logo
    Hyundai Motor Co., Ltd. logo

    Key Stats

    • Founded: December 29, 1967, in Seoul, South Korea
    • 2024 Revenue: 175.23 trillion KRW ($127.24 billion USD)
    • Employees: Approximately 120,000 worldwide
    • Market Cap: $90 billion USD (January 2026)
    • Global Rank: Third-largest carmaker by production volume

    Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul. The company produces passenger cars, SUVs, commercial vehicles, and electric vehicles sold through 5,000 dealerships in 193 countries worldwide.

    Hyundai operates the second-largest automobile manufacturing facility in the world at its Ulsan plant, with an annual production capacity of 1.6 million units. The company owns a 33.88 percent stake in Kia Corporation and the Genesis luxury brand, with all three forming the Hyundai Motor Group.

    Hyundai Motor Company History

    1967
    Chung Ju-yung and his brother Chung Se-yung founded Hyundai Motor Company in Seoul, South Korea.
    1968
    The Cortina, Hyundai’s first vehicle, was released in cooperation with Ford Motor Company at the new Ulsan plant.
    1975
    The Pony became the first Korean-designed car, styled by Giorgio Giugiaro with Mitsubishi powertrain technology.
    1986
    Hyundai entered the U.S. market with the Excel, selling 168,882 units in its first year and setting an industry record.
    1991
    The company developed its first proprietary gasoline engine (Alpha) and transmission, achieving technological independence.
    1998
    Hyundai acquired 51 percent of bankrupt Kia Motors during the Asian financial crisis, forming the Hyundai-Kia group.
    1999
    The company launched its 10-year/100,000-mile warranty program in the United States, transforming brand perception.
    2004
    Hyundai tied with Honda for second place in J.D. Power’s initial quality survey, trailing only Toyota.
    2021
    Hyundai Motor Group completed the acquisition of Boston Dynamics from SoftBank for $1.1 billion.

    Hyundai Motor Company Co-founders

    Chung Ju-yung
    Born in 1915 to a peasant farming family in North Korea, Chung founded Hyundai Engineering and Construction in 1947 and later established Hyundai Motor Company in 1967. He built Hyundai into one of the world’s largest conglomerates before his death in 2001.
    Chung Se-yung
    The younger brother of Chung Ju-yung, he co-founded Hyundai Motor Company and managed its early operations. He later left the Hyundai Group to lead Hyundai Development Company, a housing builder in Korea.

    Hyundai Motor Company Competitors

    Hyundai competes with the world’s largest automakers across passenger cars, SUVs, electric vehicles, and commercial vehicle segments. The company ranks third globally in production volume, behind Toyota and Volkswagen.

    Company Headquarters Segment
    Toyota Motor Corporation Toyota City, Japan Full-line automaker
    Volkswagen Group Wolfsburg, Germany Full-line automaker
    General Motors Detroit, USA Full-line automaker
    Ford Motor Company Dearborn, USA Full-line automaker
    Honda Motor Company Tokyo, Japan Passenger cars, SUVs
    Nissan Motor Corporation Yokohama, Japan Full-line automaker
    Stellantis Amsterdam, Netherlands Full-line automaker
    Mercedes-Benz Group Stuttgart, Germany Premium vehicles
    BMW Group Munich, Germany Premium vehicles
    BYD Auto Shenzhen, China Electric vehicles

    Hyundai Motor Company Revenue

    Hyundai Motor Company generated 175.23 trillion KRW (approximately $127 billion USD) in revenue for fiscal year 2024, a 7.7 percent increase from the previous year. The company has maintained consistent growth over the past decade.

    Hyundai Motor Company Annual Revenue (Trillion KRW)
    91.9
    2015
    93.6
    2016
    96.4
    2017
    96.8
    2018
    105.7
    2019
    103.9
    2020
    117.6
    2021
    142.1
    2022
    162.7
    2023
    175.2
    2024

    Hyundai Motor Company Acquisitions

    Hyundai Motor Company has completed several acquisitions to expand its capabilities in automotive manufacturing, autonomous driving, and robotics.

    The acquisition of Kia Motors in 1998 transformed Hyundai into a global automotive powerhouse. During the Asian financial crisis, Kia filed for bankruptcy, and Hyundai acquired a 51 percent controlling stake for approximately $941 million. This deal created the Hyundai-Kia automotive group and allowed both companies to share platforms, technology, and research facilities while maintaining separate brand identities.

    In June 2021, Hyundai Motor Group completed the acquisition of Boston Dynamics from SoftBank for $1.1 billion. The deal gave Hyundai an 80 percent stake in the robotics company, with SoftBank retaining 20 percent. Boston Dynamics develops mobile robots including the Spot robot dog and humanoid Atlas, which Hyundai plans to deploy in manufacturing plants.

    In August 2022, Hyundai acquired 42dot Technologies, a South Korean autonomous driving startup, for $328 million. The company develops cloud-enabled mobility platforms for autonomous transportation services, supporting Hyundai’s self-driving vehicle development.

    Hyundai also acquired Doosan Infracore’s construction equipment business and has made investments in various mobility and technology startups to support its transformation into what the company calls a Smart Mobility Solution Provider.

    Hyundai Motor Company Market Cap

    Hyundai Motor Company’s market capitalization reached approximately $90 billion USD as of January 2026, ranking it among the world’s most valuable automakers. The company trades on the Korea Exchange under ticker 005380.

    Hyundai Motor Company Market Cap (Billion USD)
    32
    2015
    28
    2016
    35
    2017
    27
    2018
    24
    2019
    34
    2020
    45
    2021
    32
    2022
    42
    2023
    90
    2024

    FAQs

    When was Hyundai Motor Company founded?

    Hyundai Motor Company was founded on December 29, 1967, in Seoul, South Korea by Chung Ju-yung and his brother Chung Se-yung.

    Does Hyundai own Kia?

    Yes, Hyundai Motor Company owns 33.88 percent of Kia Corporation. Hyundai acquired a controlling stake in Kia during the 1998 Asian financial crisis.

    Where is Hyundai headquartered?

    Hyundai Motor Company is headquartered in Seoul, South Korea. The company operates its largest manufacturing facility in Ulsan, South Korea.

    What was the first Hyundai car?

    The Cortina was Hyundai’s first vehicle, produced in 1968 through a partnership with Ford Motor Company. The Pony, released in 1975, was the first Korean-designed car.

    How many cars does Hyundai sell annually?

    Hyundai Motor Company sold 4.14 million vehicles worldwide in 2024. The company sells vehicles in 193 countries through 5,000 dealerships.

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    I've spent over a decade researching and documenting the stories behind the world's most influential companies. What started as a personal fascination with how businesses evolve from small startups to global giants turned into CompaniesHistory.com—a platform dedicated to making corporate history accessible to everyone.