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Hyundai Motor Kia Headquarters, <Hyundai Motor Group>, ‘Merger and acquisition cases of global car manufacturers have existed before, but simultaneous partnerships among top 10 global companies like Toyota and BMW, Hyundai Motor Group and GM are rare.’,
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, ‘In particular, GM’s initiation of a partnership with Hyundai Motor Group is seen as evidence of the rapid rise in Hyundai Motor Group’s status. The industry anticipates the possibility of Toyota and Hyundai Motor Group establishing a dual dominance in the next 3-4 years as Volkswagen Group maintains sales based on Chinese sales.’,
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, ‘According to the industry, global car manufacturers’ sales in the first half of this year were Toyota in 1st place, Volkswagen Group in 2nd, and Hyundai Motor Group in 3rd. Toyota recorded 5,162,000 units, Volkswagen Group 4,348,000 units, and Hyundai Motor Group 3,616,000 units. Renault-Nissan-Mitsubishi ranked 4th, Stellantis 5th, and GM 6th.’,
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, ‘The gap between Volkswagen Group and Hyundai Motor Group has significantly narrowed compared to last year. Last year, Volkswagen Group’s sales of over 9.23 million units were 26% higher than Hyundai Motor Group’s sales of over 7.3 million units, but as of the first half of this year, this gap has narrowed to around 20%.’,
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, ‘Considering the trend where Chinese domestic car brands are rapidly replacing imported cars in the Chinese market, it is analyzed that Hyundai Motor Group, which has relatively low sales proportion in China, is likely to catch up with Volkswagen in a short period.’,
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, ‘As of the first half of this year, the proportion of sales in China’s total sales in global sales is 29% for Volkswagen Group and about 10% for Hyundai Motor Group. Since 2017 when Hyundai Motor Group’s sales in China rapidly declined due to the THAAD issue, they have sought alternative markets like the United States, while Volkswagen has not.’,
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, ‘Volkswagen Group’s sales in the Chinese market decreased from 38 million units in 2020 to 32 million units last year. Especially as the Chinese market has already replaced over half of its sales with electric vehicles, Volkswagen Group is expected to see a rapid decline in its sales volume as they are not swiftly launching an electric vehicle lineup.’,
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, ‘Earlier this year, executives from Infineon, the top semiconductor company for vehicles visited Hyundai Motor, forecasting that Hyundai Motor Group’s ranking would rise as Volkswagen’s sales in China decline.’,
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, ‘Volkswagen Group recently announced that it is considering closing one automotive factory and one component factory in Germany due to deteriorating management. The industry analyzes that this decision was crucial as a significant portion of Volkswagen’s sales in China declined. In fact, according to the China Association of Automobile Manufacturers (CAAM), last year, Chinese domestic brands surpassed 50% market share for the first time.’,
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, ‘As of the first half of this year, the combined global sales of Hyundai Motor Group and GM were around 6.39 million units, leading by about 150,000 units compared to Toyota and BMW’s global sales total of 6.25 million units.’,
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