Sales of battery electric vehicles (BEVs) in South Korea surged by over 48% to 142,456 units in the first eight months of 2025, compared with 95,998 units in the same period of last year, to account for almost 13% of total vehicle sales in the country - according to data released by the Korea Automobile & Mobility Association (KAMA). BEV sales in August amounted to 23,740 units, as the market continued to rebound from a prolonged downturn, driven by the availability of new models, improved safety standard ...

Core Insights - Hyundai Motor Group has become a global top three automaker under Executive Chair Chung's leadership since October 2020, focusing on innovation and customer-centric strategies [1][2][5] - The company emphasizes the importance of innovation serving humanity and aims to create sustainable solutions that enhance lives and drive progress [2][5] Investment and Technological Advancements - Under Chung's leadership, Hyundai Motor Group has significantly increased investments in electrification, hydrogen fuel cell technology, software-defined vehicles, robotics, autonomous driving, and advanced air mobility [3] - The company has developed next-generation platforms and software, as well as future design directions that will shape the vehicles of tomorrow [4] Awards and Recognition - Hyundai Motor and Kia have won a total of 12 World Car Awards, including four consecutive World Car of the Year titles since 2022 for models such as the Hyundai IONIQ 5 and Kia EV9 [4] - Executive Chair Chung has received multiple accolades, including the Automotive News Centennial Award, MotorTrend's "Person of the Year" in 2023, and Newsweek's "Visionary of the Year" in 2022, highlighting his influential role in the industry [6] Cultural Transformation - Chung has emphasized cultural transformation within the company, fostering a collaborative and open environment that empowers talent across Hyundai Motor Group's global network [5]