The South Korean automaker announced Monday that Hyundai Motor Group Chairman Jeong Eui-sun has been selected as the winner of this year's Automotive News All-Star Award in the industry leader category.
“This award recognizes the entire Hyundai Motor Group family and partners around the world for their hard work and dedication to ensuring we achieve our vision of smart, sustainable mobility and human progress. “,” Chong said.
“Hyundai Motor Group is accelerating positive changes in human development and exceeding customer expectations through 'smart mobility solutions' such as robotics, (artificial intelligence), (purpose-built vehicles), (software-defined vehicles), and (advanced technologies). “Air Mobility” that continues to provide value
Founded in the United States in 1925, Automotive News has for 40 years selected and recognized approximately 30 annual All-Stars who have demonstrated extraordinary contributions to the advancement of the global automotive industry and led positive change. The Industry Leaders category of the award recognizes top executives who have demonstrated exceptional leadership and significant impact in the automotive industry.
“Hyundai Motor Group used to be known for its quick moves. The South Korean automaker hasn't necessarily set trends or pioneered technology, but it could quickly adapt to the moves of its rivals,” Automotive News said.
“Recently, the giant automotive group, with its stable of Hyundai, Kia and Genesis brands, has blossomed as an industry innovator. Under executive chairman Wisun Chong, this giant company is leading the way in many of tomorrow's technologies. We are demonstrating global leadership and bringing “newness” to new mobility. ”
Automotive News notes that Chung is trying to get the world's third-largest auto group to focus on electric vehicles and hydrogen power generation, in addition to luxury cars and dedicated vehicles for future pod cars. He emphasized that the company is investing $50 billion. Development of new technology.
The US newspaper said that in the years since Chung took over as president in 2020, he has propelled the company to the position of the world's third-largest automaker and helped drive the auto giant's transition to a future of smart, sustainable mobility. He emphasized that he had overseen the initial stages.
“(Hyundai Motor Group’s) sales in the key US market rose 14% through October, outpacing the industry. And the emerging Genesis Premium brand, which Chung led the launch in 2015, Automotive News reported a 25% increase in shipments through October.
“Genesis is now a powerful force in the luxury market segment, rapidly expanding sales, launching EVs, opening standalone stores, and leading various quality rankings.”
Previous Automotive News All-Star industry leader honorees include Ford Executive Chairman Bill Ford in 2020, General Motors Chairman and CEO Mary Barra in 2018, and General Motors Chairman and CEO Mary Barra in 2014. Fiat Chrysler Automobiles CEO Sergio Marchionne, among others.
The head of Hyundai Motors will be named “Person of the Year'' by Motor Trend in 2023 and “Visionary of the Year'' by Newsweek magazine in the world's largest Auto Disruptors Awards 2022. He has won a series of international accolades in recent years.
