Hyundai Motor Company is commonly known as Hyundai. It is a South Korean multinational automotive manufacturer. It is headquartered in Seoul, South Korea. Hyundai Motor Company was founded in 1967. By now, it has been developed for more than 50 years. And it has become the largest automobile manufacturer in South Korea. Now it has become one of the world's leading automobile companies. It is also the world's largest automobile manufacturing plant in South Korea. It mainly produces automobiles and genuine parts. Its logo is meaningful. The letter H inside the oval logo is the first letter of its English name. And the oval represents the steering wheel. The oval also can be regarded as the earth. Their combination represents Hyundai productions all over the world.
It produces over 1.6 million vehicles annually. Hyundai has one of the largest automobile production bases in the world. It also has 8 research centers. It has reached an annual production capacity of 1.45 million vehicles. The corporation has nearly 4,000 distributors in more than 190 countries and regions around the world. Hyundai Motor Company is able to export more than 500,000 cars annually. It has also established production bases in many countries. It has a global R&D network across the world.
Its main models include Tucson and Sonata. And it has various buses, trucks, and special vehicles. By 2021, the global sales of SUV Tucson exceeded 8 million units. It is the first Korean SUV model to exceed 8 million units. Also, it has its own genuine parts and accessories. Drivers can purchase them online according to their needs. Its genuine parts are tested under various simulated extreme conditions. All genuine parts are distributed by one large Hyundai Mobis. The company is engaged in three main areas of genuine parts. Besides, it provides the entire market with genuine parts.
The corporation also planned to innovate. In March 2022, Hyundai officially announced its entry into the used car market. And it unveiled its first detailed business plan. The cars are for sale mainly online. It only selects used vehicles of its own brand. And these cars should have a production date of fewer than five years. Also, these cars should have a mileage of 100,000 kilometers. In May 2022, it is reported that Hyundai officially started to enter the Southeast Asian market with electric cars. It intended to enter the Southeast Asian market. Previously, the market was dominated by Japanese vehicles.