Hyundai Motor says their brand value has risen due to electrification
by CM Staff
Hyundai Motor says their growth is reportedly due to the leadership of the top management team led by Executive Chair Euisun Chung.
Hyundai records an unprecedented increase in brand value
SEOUL — Hyundai Motor Company announces that its brand value reached $20.4 billion in Interbrand’s ‘Best Global Brands 2023’, ascending in valuation. The company’s brand rank rose from 35th to 32nd — the first increase in rank since 2016, based in part on Hyundai Motor’s accelerated electrification and future mobility vision.
In 2014, Hyundai Motor’s brand value reached $10 billion, and for the first six years, its valuation rose $4 billion. However, following Euisun Chung’s appointment as Hyundai Motor Group’s Executive Chair, its valuation has increased $6 billion in merely three years. Ever since it’s entry in Interbrand’s ‘Best Global Brands’ in 2005 with a valuation of $3.5 billion, the numbers have multiplied nearly six times.
Hyundai Motor says their growth is reportedly due to the leadership of the top management team led by Executive Chair Euisun Chung. They say they have played a pivotal role in guiding the company’s strategic direction as a Smart Mobility Solutions Provider in alignment with its vision of ‘Progress for Humanity.’
“As the automotive industry undergoes a transformation, Hyundai Motor is exploring future mobility solutions to respond to fast-changing consumer needs,” said Sungwon Jee, Senior Vice President and Global Chief Marketing Officer at Hyundai Motor Company. “We are committed to a better future for all of humanity.”
“Hyundai Motor Company is making big strides in forwarding its vision of ‘Progress for Humanity’ through the IONIQ brand,” said an Interbrand representative. “Hyundai continues to impress with its authentic communication regarding core human values such as sustainability. We look forward to the company’s growth in the evolving automotive industry.”
