Who Owns Hyundai?
Hyundai has always been owned by its parent company Hyundai Motor Co. since its inception in 1965.
Written by Ethan Moser
Reviewed by Jessica Barrett
Table of Contents
- Who owns Hyundai?
- Where are Hyundais made?
- A short history of Hyundai ownership
- How to save money on Hyundai insurance
- FAQ
Load full table of contents
Founded by Chung Ju-Yung in 1947, Hyundai Motor Company, formerly known as Hyundai Engineering and Construction Co., owns Hyundai.
Exporting vehicles to 190 countries from its native Korea, Hyundai has always been owned by its parent company, Hyundai Motor Co. Originally founded as the Hyundai Engineering and Construction Co. in 1947, Hyundai didn’t sell any of its cars in the U.S. until the subcompact Excel model in 1986.
Read on to learn more about who owns Hyundai and where the brand’s vehicles are made.
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4.7/5 rating on the App Store | Trusted by 5+ million customers and 7 million cars4.7/5 app rating | Trusted by 5M+ driversWho owns Hyundai?
Since it was founded in 1965, Hyundai has always been self-owned by Hyundai Motor Company.
Chances are you’ve heard of it! Unlike many car brands that have been brought up in mergers over the years, Hyundai is one of the few car brands that remains its own parent company.
What other makes does Hyundai Motor Co. own?
Hyundai has purchased two well-known car brands in the last twenty five years:
- Kia Motors: After Kia Motors filed for bankruptcy in 1997, Hyundai purchased the brand in 1998 and has owned it ever since.
Where are Hyundais made?
Hyundai is a South Korean company and still has its headquarters based in the country’s capital, Seoul. The vast majority of Hyundai vehicles are still manufactured in South Korea at the company’s Ulsan plant. Fun fact: Hyundai’s Ulsan plant is the largest automotive manufacturing site in the world!
The Ulsan, South Korea plant manufactures the following Hyundai Models:
- Hyundai Ioniq(Hybrid, EV, Plug-in)
- Hyundai Nexo
- Hyundai Accent(global)
- Hyundai G70
- Hyundai G80
- Hyundai G90
Key Takeaway The vast majority of Hyundai models are manufactured in the company’s home country of South Korea, though select models are produced in Mexico and the U.S. as well.
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A short history of Hyundai ownership
Unlike other car brands like
Jeep
and Chevrolet
, Hyundai has always been owned by its originator, the Hyundai Engineering and Construction Company. Founded by South Korean businessman and entrepreneur Chung Ju-Yung in Seoul in 1947, Hyundai didn’t officially incorporate its automotive division until 1967. Still headquartered in Seoul, Hyundai’s first mass-produced, self-developed car, the Hyundai Pony, was introduced in 1975, though due to U.S. emission laws it was never brought to the States. The first Hyundai model to hit the streets in the United States was the Hyundai Excel in 1986.
Hyundai Motor Company started acquiring other automotive entities as early as 1998 when they purchased Kia Motors after the company filed for bankruptcy the previous year. They followed up the purchase by acquiring the standalone marquis Genesis Motors in November of 2015. Currently, the three brands, Hyundai, Kia, and Genesis, are the only automotive entities owned by the Hyundai Motors conglomerate.
How to save money on Hyundai insurance
Known for producing incredibly reliable and affordable models, Hyundai cars are worth protecting with an equally-reliable
car insurance
policy—the quickest way to find one is to download trustworthy insurance comparison app
, Jerry. Getting started with
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FAQ
Is Hyundai an American brand?
No—you can, of course, purchase most Hyundai models in the U.S., and some Hyundai models are manufactured at the brand’s Alabama plant, but Hyundai is a South Korean company and is headquartered in Seoul.
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