Hyundai simply made its 100 millionth car, marking a major milestone. The accomplishment took simply 57 years, a lot faster than Toyota, Volkswagen, Ford, and GM. With long-range, fast-charging EVs rolling out, like the brand new IONIQ 5, Hyundai is laying the groundwork for a world gross sales run.
Since 1967, Hyundai Motor has been trailblazing its personal path within the auto trade. After launching Korea’s first passenger automotive, the Pony, in 1967, Hyundai continued its innovation streak, with new releases just like the Sonata, Excel, and Elantra rolling out within the Nineteen Eighties and early 90s.
In 1991, Hyundai developed its first EV prototype, the Sonata (Y2) EV. The prototype planted the seeds for Hyundai’s devoted IONIQ model of electrical automobiles, which was born in 2020.
After launching its first car underneath the brand new model in 2021, the IONIQ 5, Hyundai’s midsize electrical SUV, has continued to climb the worldwide gross sales charts. Hyundai adopted it up with the IONIQ 6 “electrified streamliner,” which hit the market in 2022.
Hyundai’s devoted EVs helped it cross a significant milestone, as its 100 millionth automotive, an IONIQ 5, rolled off the manufacturing line on September 30, 2024.
Hyundai hits 100M car milestone within the new EV period
It took 57 years, which can look like a very long time, however Hyundai hit the edge a lot faster than different international auto leaders.
In keeping with trade sources (by way of The Korea Herald), it took Volkswagen, Toyota, Basic Motors, and Ford practically 100 years to succeed in the identical milestone.
Hyundai held a ceremony at its Ulsan Plant, the muse of its success, saying it’s a “central hub for electrification” with a devoted EV facility on-site.
“This auspicious event is simply step one towards the long run period of electrification that Hyundai Motor will lead,” Hyundai Motor’s head of home productions mentioned on the occasion. Hyundai burdened the achievement follows its steady development with superior EVs (together with Kia and Genesis fashions) based mostly on its E-GMP platform.
Hyundai continues increasing its international footprint. Final yr, it opened a brand new robot-run good facility in Singapore, introducing new expertise to assist it reduce prices and speed up manufacturing instances.
As early as subsequent month, Hyundai will open its huge new $7.6 billion Metaplant America in Georgia, the place it’s going to construct new EVs.
The primary car to roll off meeting is the up to date 2025 IONIQ 5, which options extra vary and a Tesla NACS port. Later this yr, Hyundai may also introduce its first three-row electrical SUV, the IONIQ 9.
In Korea, Europe, and different international markets, Hyundai’s low-cost Casper Electrical (Inster EV abroad) is rolling out.
With a beginning price ticket underneath $27,500 (25,000 euros), Hyundai’s small electrical SUV shall be probably the most reasonably priced electrical automobiles in the marketplace because the Korean automaker seems to hold its momentum into the EV period.
Electrek’s Take
With among the most effective, reasonably priced electrical automobiles in the marketplace, Hyundai is already climbing the worldwide gross sales charts.
Within the second quarter, Hyundai Motor (together with Kia and Genesis) surpassed Ford and GM to develop into America’s second-best-selling EV model behind Tesla. The Korean automaker simply had its best-ever complete and retail US gross sales month in August, with practically 80,000 automobiles bought.
With US manufacturing kicking off and new fashions arriving, Hyundai is laying the muse to proceed gaining market share. In different international markets, Hyundai can be concentrating on in style segments with distinctive electrical automobiles.
To safe a management position, Hyundai is closely investing in batteries and different EV tech to chop prices and enhance effectivity. For instance, simply final week, Hyundai and Kia launched a new LFP battery undertaking to energy future lower-priced EVs.
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