Hyundai Motor Group Secures 3rd Place Among Complete Car Manufacturers for 2 Consecutive Years, Solidifying Its Position in the 'Big 3'

Hyundai Motor Group ranked third globally in vehicle production for the second consecutive year last year. Hyundai Motor Group appears to be solidifying its position as one of the 'Big 3' alongside Japan's Toyota and Germany's Volkswagen Group.

According to a compilation of investor relations (IR) materials from various automakers on the 18th, Hyundai Motor Group (Hyundai, Kia, Genesis) sold 7.304 million vehicles worldwide last year, ranking third in global sales behind Toyota Group (11.233 million) and Volkswagen Group (9.24 million). Hyundai Motor Group maintained the same ranking for two consecutive years, reinforcing its status as a leading global automaker.

Following Hyundai Motor Group were the Renault-Nissan-Mitsubishi Alliance (6.399 million), which combines France's Renault and Japan's Nissan and Mitsubishi; the U.S.-based General Motors (GM) Group (6.188 million); and Stellantis Group (6.175 million), formed by the merger of Fiat Chrysler and the PSA Group (Peugeot, Citro?n).

Hyundai Motor Group widened the sales gap with the Renault-Nissan-Mitsubishi Alliance, which ranked fourth last year, from 688,000 units in 2022 to 905,000 units last year, solidifying its third-place position. As a result, the Big 3 structure of Toyota-Volkswagen-Hyundai Motor Group is expected to continue for the foreseeable future. However, competition for fourth to sixth place is expected to intensify further following last year.

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