A Korean automaker, Hyundai is one of the most popular brands in the United States. Its reliability is well-known and it offers many models to choose from. Here’s what you should know about Hyundai. You may be surprised at how affordable it is, or you might be pleasantly surprised when you find out how many safety features it offers. The brand also has a great community focus and supports cancer research. And it designs and engineers many of its cars in the United States.
Hyundai is a Korean automaker
Hyundai is a South Korean automaker with a diverse product line. While its product lineup is smaller than most others, the company gained economies of scale through the 1998 acquisition of the Korean automaker Kia. The result is a diverse line of vehicles at an affordable price. Kia was acquired by Hyundai in 1998, and the two companies have since worked together to improve the quality and refinement of their products. Hyundai has been a leading car manufacturer in Asia since its inception and is one of the world’s fastest-growing automakers.
The first vehicle produced by Hyundai was the Cortina, a small, cheap, and reliable sedan. In the 1970s, the company expanded into motorcycles and three-wheeled cargo vehicles. In the late 1960s, Hyundai focused on the automobile industry. While the government thought it was more efficient to import vehicles from other countries, Chung Ju Yung decided to build cars in Korea. Hyundai Motor Company was founded in 1967.
It is a popular brand in the United States
Unlike some of its competitors, Hyundai offers a wide variety of vehicles. Their line-up includes everything from small cars to mammoth minivans. Interiors don’t have cheap plastic trim, but are serviceable. The company is committed to the U.S., employing around 100,000 people and supporting local nonprofit organizations. Here’s why Hyundai is popular in the United States:
The company has also made a significant push into alternative propulsion systems. Hyundai is currently pursuing battery electric cars, plug-in hybrids, and hydrogen fuel cells for cars and trucks. In fact, the company plans to have ten electrified vehicles on the road by 2022. Hyundai also introduced a new high-performance brand called ‘N’. The brand is positioned to be the next big thing in green cars.
It is known for its reliability
Although quality is still important, Hyundai has made reliability a key priority for its customers. Reliability articles are everywhere in the press and one bad year can ruin a brand. Consumer confidence can take years to rebuild, but Hyundai remains committed to building its reputation. Today, almost every car manufacturer recognizes the importance of perceived quality and reliability. Becoming the “most reliable vehicle in its class” is a competitive advantage for many manufacturers.
Reliability is another reason why Hyundai is so popular among consumers. Reports have confirmed that Hyundai is one of the safest and most reliable car brands. It has also won the Which? reliability award for the third consecutive year, which is an impressive achievement for a manufacturer. And in 2013 Hyundai won the CarMD reliability award, a prestigious industry accolade. Hyundai is committed to quality and reliability, and that commitment has paid off with great crash test results and low cost-of-ownership.
It offers a variety of models
The brand’s lineup includes a number of cars and SUVs, each with a unique personality and set of features. The Hyundai Palisade, for instance, is the brand’s largest SUV, offering 291 horsepower and 262 pound-feet of torque. Its maximum towing capacity is 5,000 pounds. Other features include seating for eight passengers, automatic emergency braking, and an infotainment system. The Hyundai Sonata, meanwhile, boasts a flashy facade and an appealing cabin. Both of these vehicles offer fuel-efficient powertrains, which make them a great choice for families or businessmen alike.
In terms of pricing, the Hyundai Accent starts at around $17,000, which makes it a compelling buy, especially for a family car. Hyundai’s Ioniq EV, which is due for a 2022 model year release, will be the first electric vehicle in the world. The Elantra N should come with a range of 300 miles and is available in a range of trim levels, including a high-end Calligraphy trim that can be mistaken for a luxury SUV. The RM20 N, Hyundai’s first mid-engine sports car, will make a leap from the hot hatchback segment to the mid-engine sports segment.
It has 7 manufacturing bases outside of South Korea
The company has expanded its production base in key markets such as China and Brazil in recent years and has seven manufacturing bases outside of South Korea. The company sold 4.06 million vehicles in 2011, and the Genesis sedan was named the best mid-size premium car. The Elantra was named North America’s car of the year at the Detroit auto show. Despite its growing sales, Hyundai Motor has faced many challenges, including the global financial crisis, business fluctuations, and government pressures to cut costs. Its losses in the last few years have been hundreds of millions of dollars.
In 2008, Hyundai opened its European plant in Nosovice, Czech Republic. The factory cost one billion euros and took two years to build. The plant manufactures mainly the Tucson and i30 for the European market, though it previously built the ix20 mini MPV. It is located 90 kilometers north of Kia Motors’ Zilina Plant in Slovakia. This expansion is part of the company’s commitment to globalization and is the first of its kind.
It is a Korean-based company
Hyundai is a major player in the global automotive industry, and one of the largest carmakers in the world. The company was founded in 1947 and is headquartered in Seoul, South Korea. The company is made up of many smaller companies, but it is the largest in South Korea. In the years after the Korean War, Hyundai became a dominant force in the South Korean economy, working closely with the Seoul government to rebuild the economy. As the Korean economy developed, Hyundai became an essential part of the nation’s economic strategy, strengthening its industrial base.
The company’s product line is diverse. While most of its products are sold in South Korea, Hyundai also sells its cars in other regions. Its biggest individual market is China, accounting for 19% of total sales. Other markets include the U.S. and Europe. Hyundai has subsidiaries and affiliate companies in many countries worldwide, including North America and Africa. While its products are sold worldwide, most of their production is in Korea.