Hyundai Motor Company is a publicly listed auto manufacturer headquartered in Seoul, South Korea. In 2019 it had US$90.8 billion in revenue and sales of over 4.1 million vehicles. Hyundai vehicles are sold widely, with sales recorded in 65 countries in 2019. The majority of its sales are split relatively evenly across China, Europe, India, the US and South Korea.
- Performance score
- 9.7 /20
- Assessment Note
Hyundai received a full ACT assessment in 2019. The 2019 ACT assessment included Kia Motors under the Hyundai Kia Automotive Group. In 2020, Hyundai has been assessed independently from Kia across the 2014-2019 period, to reflect the separate corporate groups.
The company has committed to sell 670,000 battery electric vehicles per year by 2025, which would result in a 16 percent low-carbon vehicle share based on 2019 figures – far short of the company pathway requirement of 26.3 percent by 2025.
Even more concerningly, Hyundai lacks an emissions reduction target for its vehicle in-use emissions. The improvements observed in Hyundai’s in-use emissions performance in this assessment will be short-lived unless the company puts in place an ambitious, well below 2-degree-aligned, science-based commitments to increase progress.
More about the company
- South Korea
- Ownership structure
- Publicly listed
- Revenue (2019)
- US$90.8 billion
- Number of vehicles sold (2019)