Chairman Chung Eui-sun: "Commercialization of Autonomous Driving in 2023, Will Improve Performance Rewards"

Hyundai Motor Group Chairman Chung Euisun Holds Town Hall Meeting with Employees on 16th
Autonomous Driving Commercialization Expected Possible in 2023
Group Performance Reward System Also Improved

Hyundai Motor Group announced on the 16th that it held an online town hall meeting for group executives and employees, attended by Chairman Chung Eui-sun (right in the photo).

[Asia Economy Reporter Changhwan Lee] Chung Euisun, Chairman of Hyundai Motor Group, stated that he expects fully autonomous driving to be commercialized around 2023. Regarding employees' dissatisfaction with performance rewards, he acknowledged the issue and said the system would be improved within the year.

On the afternoon of the 16th, Chairman Chung held an online town hall meeting with executives and employees under the theme "The Future Story of Hyundai Motor Group," forecasting that Hyundai's fully autonomous driving will soon be commercialized.

This was Chairman Chung's second town hall meeting, about a year and five months since October 2019. He explained, "Motional recently received Level 4 certification in Nevada, and unmanned testing will continue. We plan to collect more data than our competitors."

He added, "We are thinking of commercializing it in 2023, but there must be no problems when it is commercialized. Since the automotive business deals with human lives, it must be managed more strictly at the time of commercialization."

He also expressed expectations for robotics and UAM (Urban Air Mobility), which are considered future growth engines for the group. Chairman Chung said, "Robotics will be applied in various fields such as industry, personal use, and medical care. For example, I think phones will disappear, and people will always carry robotics with them, whether robots or humanoids in any form, serving as assistants." He predicted that robotics will handle everything from schedule management, allowing people to be more productive and focus on more intellectual tasks.

Regarding UAM, he said they plan to mass-produce logistics models by 2026. He stated, "Korea has many islands, and UAM can quickly transport medical supplies and pharmaceuticals needed in island regions."

Hyundai Motor Group announced on the 16th that it held an online town hall meeting for group executives and employees, attended by Chairman Chung Eui-sun (photo).

"We Are Aware of Dissatisfaction with Performance Rewards and Will Improve"

He also addressed the recent widespread issue of dissatisfaction with performance rewards in the industry. He said, "I feel very sorry that employees who have worked hard do not receive the respect they deserve for their contributions to the company. If there is a problem, it is most important to quickly change it to create an environment where employees can work with conviction."

He continued, "Since I am clearly aware that there is a problem, I believe each company CEO will address it according to their company's circumstances. I will also encourage them to do so."

He also responded to quality issues. Chairman Chung said, "To dramatically improve quality, I must first do well, followed by the CEOs and heads of each company. I have seen many quality-related rumors on YouTube and blogs, but to help us, we must put aside our pride and accept everything."

He emphasized, "In conclusion, if we respond well to quality and provide perfect quality services and products, such rumors will naturally decrease. Even malicious rumors, if we humbly accept healthy and correct criticism and deliver results beyond expectations, people will be impressed and eventually become our fans."

He also explained the background of establishing a fuel cell system production base in China. Chairman Chung said, "The most important issue worldwide now is carbon neutrality. Countries like China and India have many logistics vehicles, and to replace trucks and buses, hydrogen must play a very important role, and the related market will grow significantly."

He added, "Our government is very proactive, expanding businesses related to many hydrogen charging stations and hydrogen production. To meet carbon neutrality regulations, there is no more efficient way to produce clean energy than hydrogen."

This content was produced with the assistance of AI translation services.