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According to Carscoops, Hyundai has announced that it has reached a significant milestone of producing 100 million vehicles. The 100 millionth vehicle produced by the company was the all-electric Hyundai Ioniq 5 crossover, which rolled off the assembly line at the Ulsan plant in South Korea on September 30.
The South Korean automaker has come a long way in its 57 years of existence, having reached the 50 million vehicle mark back in 2013. Hyundai’s rapid growth has outpaced many of its competitors, as it took nearly a century for Volkswagen, Toyota, General Motors, and Ford to reach the same production milestone.
The Hyundai plant in Ulsan, which began operations in 1968, is considered the birthplace of the South Korean automotive industry. It was here that the Hyundai Pony, the first car independently produced by Hyundai, started rolling off the assembly line in 1975.
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The Hyundai Pony was the first car independently developed and produced by Hyundai. Photo: Hyundai |
Hyundai Motor Company was established in 1967, and it began producing its first vehicle, the Cortina, in collaboration with Ford, in the same year. In 1985, Hyundai introduced the first-generation Sonata and established Hyundai Motor America in the United States. The Excel, Hyundai’s first front-wheel-drive model, was introduced in the US market in 1986 and quickly became a best-seller.
Hyundai reached another significant milestone in 1992, producing its 5 millionth vehicle globally. The company also completed the acquisition of Kia in 1995. As of August 2023, the Hyundai Avante (known as Elantra in some markets) is the brand’s best-selling model, with cumulative sales of 15.37 million units, followed by the Accent with 10.25 million units, and the Sonata with 9.48 million units.
Hyundai’s SUV models, including the Tucson and Santa Fe, have also performed well globally, with cumulative sales of 9.36 million and 5.95 million units, respectively.
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Hyundai Thanh Cong’s car assembly plant in Vietnam. Photo: TC Motor |
In Vietnam, the Hyundai Thanh Cong joint venture’s passenger car assembly plant began operations in March 2011. The plant’s production volume reached 18,900 units in 2017 and increased to over 55,000 units in 2018.
A second Hyundai Thanh Cong plant in Vietnam commenced operations in late 2022, with an annual capacity of 100,000 units. Combined with the first plant, the total production capacity for Hyundai passenger cars in Vietnam is expected to reach 180,000 units per year.
Currently, almost all Hyundai passenger cars sold in Vietnam are assembled locally, with the exception of the Hyundai Stargazer, which is still imported from Indonesia.
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