- Hyundai Motor Group celebrates New Yr at Kia AutoLand Gwangmyeong, the primary devoted EV manufacturing unit in Korea
- ⋯ Government Chair Euisun Chung and different Group government share New Yr’s message and imaginative and prescient for robotics, AAM and electrification
- ⋯ Kia AutoLand Gwangmyeong evolves from Korea’s first complete automotive plant to an electrification innovation hub
- Constant change to supply flawless buyer satisfaction
- ⋯ “Prospects at all times need higher services and products, so we are able to by no means be glad with the place we’re right now and should attempt to grow to be higher
- ⋯ “Constant change is the important thing to innovation, which wants creativity”
- ⋯ “We have to foster a company tradition that encourages innovation and problem, and never worry failure”
- Sustainable progress for the long run, clients and humanity
- ⋯ Social accountability for the surroundings: strengthening carbon-neutral actions, resembling hydrogen ecosystem and revitalizing round financial system
- ⋯ High quality: satisfying and impressing clients with the best high quality merchandise and differentiated values
- ⋯ Safety consciousness: strengthening the safety methods of mental belongings, straight associated to success and the supply of sustainable progress
- Government Chair Chung requires a company tradition of ‘preparation’ to make swift and agile selections
Hyundai Motor Group (the Group) held its 2024 New Yr deal with right now at Kia AutoLand Gwangmyeong, the primary devoted electrical car (EV) plant in Korea, trying ahead to the 12 months forward and outlining the Group’s key areas of focus.
Underneath the theme ‘Collectively, a Priceless Begin,’ Hyundai Motor Group Government Chair Euisun Chung and executives from the Group’s associates shared New Yr’s messages and the Group’s future imaginative and prescient.
In his New Yr’s message, Government Chair Euisun Chung highlighted, “Our mission this 12 months will likely be ‘Consistency and Sustainability’ constantly strengthening our capabilities, which can enable us to scale any challenges and obtain sustainable progress.”
Chung burdened that ‘constant change’ and ‘sustainable progress’ are the important thing phrases for the Group’s success within the face of accelerating world uncertainty and rising competitors.
Specializing in 2024 and past, Chung stated, “I’m excited concerning the sequence of improvements in electrification that can begin right here at AutoLand Gwangmyeong, the Group’s first EV-dedicated plant, and broaden to Ulsan, the USA and past.
The Group will full the redevelopment of the Kia AutoLand Gwangmyeong EV Plant within the second quarter of this 12 months, which can produce the model’s EV3, a compact EV, for home and worldwide gross sales. Subsequently, Hyundai Motor Group Metaplant America (HMGMA), Kia’s AutoLand Hwaseong EV Plant, and the Hyundai Motor Ulsan EV Plant will likely be introduced on-line sequentially to introduce revolutionary EVs to the worldwide market, with an total Group technique to grow to be a high three world EV producer by 2030.
“Final November, I used to be conferred the Most Wonderful Order of the British Empire as Honorary Commander (CBE) in recognition of my contributions to strengthening the cooperation and friendship between the UK and the Republic of Korea,” stated Chung, including, “It’s the identical Order that was bestowed upon the Founding Chairman Ju-yung Chung, who laid the muse of the Hyundai-UK partnership within the Nineteen Seventies.”
He expressed his deep gratitude to the Group’s members by saying, “This recognition is the results of the excellent work and professionalism of all our staff, and I applaud all of you who absolutely deserve this honor.”
Government Chair Chung added that he’s significantly happy that the Group’s ‘difficult spirit’ has been handed on like a timeless medal, originating with Founding Chairman Ju-yung Chung and continued by Honorary Chairman Mong-Koo Chung.
Referring to the Group’s capability to beat quite a few crises, Government Chair Chung emphasised the significance of a wholesome character for its corporations.
He stated, “Weak spot will make you stumble however energy means that you can preserve your steadiness, defy the chances and are available out stronger. An organization ought to do the identical by making steady efforts to strengthen itself.”
“Oftentimes it’s a painful course of,” he added, “however it’s completely needed so as to succeed. Solely after we, as an organization, strengthen ourselves can we conquer our challenges and lay the muse for sustainable progress.”
Flawless buyer satisfaction by constant and fixed change
Chung outlined the significance of constant change for the clearly established rationale of the Group – its clients.
“Constant change is the important thing to innovation,” stated Government Chair Chung, including, “The act of stepping out of your consolation zone could seem unsettling at first, however it’s proof that you’re really shifting in the precise path.”
Stressing the necessity for inventive considering and a difficult spirit to realize the Group’s dedication to constant change, Chung outlined that “We have to foster a company tradition that actively encourages innovation. We should not worry failure however be weary of not attempting.
“The very best technique is incomes the total belief of our clients, not shortly following our rivals,” he added. “I urge you to remain aggressive by harnessing creativity in all areas of our company exercise encompassing the standard, security and price competitiveness of our services and products.”
Sustainable future progress for purchasers and humanity
Reinforcing the Group’s imaginative and prescient for a greater planet, Government Chair Chung additionally highlighted that “By way of constant innovation, we are able to obtain sustainable progress. This can be a mission that we should notice not just for our clients and firm, however for humanity.”
Chung emphasised that the Group would deal with sustainable progress by embracing social accountability for the surroundings, prioritizing buyer satisfaction and belief by high-quality services and products, and instilling a way of safety to safeguard competitiveness sooner or later.
Commenting on the Group’s environmental duties, Chung stated, “Humanity has at all times been involved with sustainability for its personal survival, however we should redouble our efforts now,” and insisted, “We should take higher curiosity in carbon neutrality and the round financial system for the sustainable progress of humanity.
“We might help nurture a worldwide hydrogen ecosystem and strengthen carbon-neutral actions by our Small Modular Reactors and clear power options. As well as, we are able to take the lead in social accountability as a worldwide enterprise, by revitalizing the round financial system that recycles assets, resembling EV batteries,” he stated.
The Group holds the excellence of being the world’s first group to commercialize hydrogen gasoline cell EVs and make the most of hydrogen power successfully. Moreover, the Group is creating a hydrogen enterprise ecosystem, encompassing your entire lifecycle, from hydrogen manufacturing to transportation, storage, and utilization by connecting the hydrogen enterprise capabilities of every Hyundai affiliate.
Hyundai Engineering & Development (E&C) is quickly advancing its renewable power energy brokerage and buying and selling enterprise, in addition to the development of next-generation nuclear energy vegetation, together with small nuclear reactors.
In the meantime, Hyundai Motor and Kia are actively working to cut back carbon emissions of their manufacturing processes. This includes a big enhance within the utilization of renewable power, together with the implementation of solar energy technology methods at each home and abroad manufacturing websites, to grow to be carbon-neutral by 2045. Hyundai Motor and Kia additionally just lately signed a long-term energy buy settlement (PPA) with Hyundai E&C to obtain photo voltaic renewable power.
The group is actively fostering a round financial system, establishing a home and worldwide cooperation system to create a round ecosystem for EV batteries and increasing using recycled plastics.
Within the pursuit of sustainability, Government Chair Chung additionally underscored the degrees of buyer satisfaction and belief that stem from vital high quality.
“High quality is finally what wins the belief of consumers,” he stated. “The standard of our services and products should at all times surpass clients’ expectations. There might be no compromise on high quality, as solely these corporations genuinely devoted to high quality will survive. We should attempt to distinguish ourselves by including our personal worth to our options and go the additional mile to supply the best potential satisfaction to our clients.”
Chung emphasised a way of safety because the third path for sustainability, stating, “The information and data we have now collected over time is what drives our competitiveness on this period of the Fourth Industrial Revolution. It’s everybody’s accountability to strengthen the system that protects our company mental belongings.”
This strongly signifies the necessity to type and uphold a consensus that safety is a important problem linked on to success throughout all areas of the Group.
Preparation key to correct and agile determination making
Government Chair Chung concluded by specializing in the significance of a ‘tradition of preparedness’ Going through financial uncertainty and growing instability, he burdened, “With a view to flip these exterior challenges into alternatives and obtain long-term sustainable progress, we should be ready.
“We have to domesticate abilities and information that can enable us to make rational selections even below stress,” he added. “At Hyundai Motor Group, we’ll tirelessly strengthen our methods and capabilities, and I’ll absolutely help this endeavor.”
His deal with emphasised the significance of regularly studying and getting ready for altering future developments, new applied sciences, and financial and social shifts in order that the Group can proactively reply to crises by making fast selections.
Chung restated his perception within the Group’s staff’ capability to satisfy the challenges he outlined, saying, “I’ve deep respect and delight in all of you who labored arduous collectively to realize one among our highest working income final 12 months. As we usher within the New Yr, I ask that you just proceed to dedicate your self to the expansion of our Hyundai Motor Group household with delight and confidence.
“As a substitute of fearing what comes subsequent, allow us to rise to the problem. Allow us to maintain reinventing and innovating ourselves to usher in a brighter and extra sustainable tomorrow,” Chung added to finish his New Yr deal with.
This 12 months’s ceremony to focus on the Group’s focus for the 12 months forward was held at Kia AutoLand Gwangmyeong, a facility that embodies fixed change and innovation.
Kia AutoLand Gwangmyeong was established in 1973 as Korea’s first built-in vehicle manufacturing unit with a conveyor belt manufacturing course of, ushering within the period of full-scale vehicle manufacturing within the nation. Within the first half of this 12 months, Hyundai will full the development of Korea’s first devoted EV manufacturing unit on the web site, writing a brand new chapter within the historical past of future mobility.
This 12 months additionally marks the eightieth anniversary of Kia’s founding and the fiftieth anniversary of the launch of Kia’s first passenger automobile, the Brisa, which was produced at Kia AutoLand Gwangmyeong.
Following Government Chair Chung’s New Yr deal with, Kia President Ho Sung Tune defined the devoted EV plant at Kia AutoLand Gwangmyeong and the manufacturing unit’s operation plan to staff; AAM (Superior Air Mobility) Headquarters President Jaiwon Shin offered the mid- and long-term plans for AAM; and head of the International Technique Workplace (GSO) and Government Vice President Heung-soo Kim offered the Group’s for robotics.
