It’s one heck of a milestone
September 29, 2024 is now a very significant date for the Hyundai Motor Company. It was the day the South Korean automaker reached a major production milestone with 100,000,000 vehicles built since the late ‘60s.
That achievement was reached in less than 60 years, making Hyundai one of the fastest growing automakers of all time. If you consider the fact that the company only started exporting cars in the late-‘70s, it shows just how rapid Hyundai grew.PIMS 2024: Is this Mitsubishi concept the next Montero Sport or an expanded XForce?The Hyundai Motor Company was established in December 29, 1967.
Hyundai’s stock went even higher in the ‘90s with a wider product lineup and successfully establishing a reputation for building solid runabouts with good value. A technical partnership with Mitsubishi also helped the company boost its development knowhow. It even weathered the storm of the 1997 Asian Financial Crisis and even purchased Kia along the way.The 2000s saw Hyundai grow even more, gaining significant traction in the European market.
Hyundai didn’t say what the 100,000,000th vehicle it produced. However, it did reveal its 100,000,001st car, a black Ioniq 5. Hyundai even invited its owner to drive it straight off the assembly line. Lucky, we say, and we hope he never sells it.What's next for Hyundai? The company will double down on hybrids and plug-in hybrids in the coming years. At the same time, it will continue its efforts in the field of electric vehicles.
See Also Read Next PIMS 2024: Is this Mitsubishi concept the next Montero Sport or an expanded XForce? View other articles about:
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