The Hyundai Motor Group (HMG; IPA:[ˈhjəːndɛ];[2] stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinationalconglomerate but without a central holding company or ownership structure)[3][4] headquartered in Seoul, South Korea.
The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7%[5] of Kia Motors.
On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as; urban air mobility, autonomous driving, artificial intelligence, and robotics. The investments were announced during a visit to South Korea by President Biden.[6]
Hydrogen Wave global online forum was held on 7 September 2021. Hyundai Motor Group (the Group) set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040.[13]
Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines Hydrogen Fuel Cell System and PE System developed under collaboration with Limak. Hydrogen Fuel Cell System is utilized as a main power source during FK's low speed driving or for the management of battery condition. Two of 2 kg hydrogen fuel tanks are located above the rear axle. Also, the 2nd generation fuel cell stacks, with the power of average 85 kW to maximum 95 kW, are located above the front axle. PE System that consists of two motor drives, decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500 kW.
In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.[14]
^"Legal". Hyundai Motor Group. Retrieved 11 August 2021. Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity