Table Shows Hyundai Motor Group's 2024 Settlement News Table Shows Hyundai Motor Group's 2024 Settlement News

2025.02.04 Hyundai Motor Group 분량9min

Hyundai Motor Group in 2024: Part 1

As 2024 draws to a close, it leaves behind a whirlwind of global economic uncertainty. Yet, Hyundai Motor Group has sprinted through this challenging year, staying true to its mission of driving progress for humanity and building a better future.

Table Shows Hyundai Motor Group's 2024 Settlement News

Hyundai Motor Group’s 2024 has been nothing short of spectacular. With hybrid and electric vehicles and SUV lineups leading the charge, the group is poised to achieve record-breaking performance, further cementing its position among the top three global automakers. Guided by a human-centric philosophy and cutting-edge technology, Hyundai Motor Group continues to present a vision for a safer, more convenient daily life. Here, we look back at HMG’s remarkable achievements in 2024, from standout new cars and concept vehicles to the year’s key milestones.

1. Cars of the Year: From Entry-Level EVs to Full-Size SUVs and Pickup Trucks

Hyundai IONIQ 9 and Palisade

In 2024, HMG continued its steady stream of new vehicle launches, enriching the everyday lives of its customers. Toward the year’s end, Hyundai Motor unveiled the design of its electrified full-size SUV IONIQ 9 and the redesigned flagship Palisade, captivating family SUV enthusiasts. The IONIQ 9 boasts an aerodynamic design, a massive 110.3 kWh battery pack, and a range exceeding 500 km for all trims. It offers a spacious interior designed for 6–7 passengers, ensuring comfort and convenience during long journeys.

The Palisade, on the other hand, showcases a bold, premium design befitting a flagship SUV. It also introduces a notable innovation as Korea’s first SUV to feature a 9-passenger configuration. Additionally, the Palisade debuts HMG’s first 2.5L turbo hybrid powertrain, which promises both enhanced performance and improved fuel efficiency. These three-row SUVs are set to expand the market in this year.

Hyundai ST1

Hyundai also introduced the ST1, a new electrified business platform designed to cater to logistics operators and small business owners. Initially available as cargo and refrigerated cargo models, the ST1 delivers a range of approximately 300 km and features open API technology, allowing clients to utilize vehicle data freely. Following its debut, Hyundai expanded the platform to include chassis cab models suitable for ambulances, police vehicles, campers, and other customized purposes, extending the specialized vehicle market.

Kia EV3

Kia, meanwhile, accelerated its EV adoption strategy by launching the compact electric SUV EV3. As the third dedicated EV in Kia’s lineup, the EV3 combines an appealing design with a practical, user-friendly interior. It introduces features like i-Pedal 3.0 and Smart Regenerative Braking 3.0 for a refined EV experience. With optimized aerodynamics and a class-leading 81.4 kWh battery, the EV3 offers a range of up to 500 km, blending practicality with exceptional EV appeal.

Having recently debuted in Europe, the EV3 has already been nominated as a finalist for the 2025 European Car of the Year award.

Kia Tasman

Among the most memorable releases of the 2024, the Kia Tasman stands out. As Kia’s first true pickup truck, the Tasman redefines the segment with its combination of practical cargo capacity, robust off-road performance, and a spacious, family-friendly interior loaded with advanced convenience and safety features. The customizable cargo area further enhances its versatility. The Tasman is set to launch in South Korea in earlier this year, followed by releases in Australia, the Middle East, and Africa.

2. Concept Cars of the Year: Thrilling Designs and a Sustainable Vision

Hyundai RN24 Rolling Lab and INITIUM Concept

Concept cars are more than just vehicles; they embody the future vision of an automotive brand. In 2024, Hyundai Motor Group showcased a range of concept cars that sparked excitement and hope for tomorrow. Hyundai Motor introduced the latest in its Rolling Lab series, the RN24, a high-performance electric concept car built on the drivetrain and battery system of the IONIQ 5 N. Reflecting expertise from Hyundai’s participation in the World Rally Championship (WRC) since 2014, the RN24 incorporates cutting-edge features such as electronic all-wheel control for rally mode and an E-handbrake. It demonstrates how exhilarating driving can be in the electric era, bringing the joy of driving to life in a whole new way.

The Initium, a hydrogen electric concept car, also made its global debut. Representing the culmination of Hyundai’s hydrogen technology development since 1998, the Initium offers a glimpse into the design and innovations of the next-generation NEXO set to launch this year. With its "Art of Steel" design that highlights the elasticity of metal, the Initium features extended driving range, improved power performance, a spacious family-friendly interior, and hydrogen-specific features such as an optimized refueling route planner.

Kia PBV Lineup and PV5 WKNDR Concept

Kia caught the spotlight at the 2024 Consumer Electronics Show (CES), unveiling its lineup of PBV (Purpose-Built Vehicle) concept cars. Redefining PBVs as "Platform Beyond Vehicles," Kia emphasized modular and flexible designs that cater to new business and lifestyle applications. With innovative space utilization, Kia aims to transform user experiences and plans to launch its first medium-sized PBV, the PV5, in this year.

Kia’s PBV concept lineup, showcased at CES 2024, is optimized for applications like short- and long-distance logistics, deliveries, and ride-hailing services. The concepts also introduced the Easy Swap system, allowing quick and easy conversion of base models into box trucks, campers, and pickups to suit various needs. Notably, Kia recently unveiled the PV5 WKNDR, featuring modular interiors and versatile storage solutions tailored to outdoor lifestyles, further demonstrating the limitless potential of the PV5 platform.

Genesis Magma Lineup and NEOLUN Concept

Genesis wowed audiences with its bold Neolun concept, a full-size electrified SUV that encapsulates the brand’s distinctive direction and forward-looking values. Inspired by the timeless beauty of Korean moon jars, the Neolun embraces “reductionist design,” minimizing unnecessary elements for a pure aesthetic. Its standout feature is the pillarless coach doors, which open inward from the front and rear. Inside, the Neolun reimagines Korean hospitality with luxurious materials like cashmere and vintage leather, paired with immersive sound architecture to create a serene and welcoming space.

Genesis also unveiled Genesis Magma, a new program aimed at expanding the brand’s high-performance portfolio. The program’s first model, the GV60 Magma Concept, incorporates advanced aerodynamics, a performance-oriented battery, and motors designed to maximize driving pleasure. Future Magma models will extend across the Genesis lineup, including high-performance versions of the GV80 Coupe and G80.

3. Historic Milestones of the Year: A New Chapter for Hyundai and Kia

Hyundai is celebrating the 100 million mark in production

2024 was a landmark year for both Hyundai and Kia. On September 30, 2024, Hyundai Motor reached a monumental milestone: surpassing 100 million cumulative vehicles produced. From its first car rolling off the assembly line in November 1968, just one year after the company’s founding in 1967, Hyundai achieved this remarkable feat in only 57 years. Globally, only a few automakers have reached this milestone, and Hyundai’s record is among the fastest in the industry.

Notably, the 100,000,001th vehicle produced was the IONIQ 5, Hyundai’s first dedicated electric vehicle inspired by the heritage of the company’s first independently developed model, the Pony. Hyundai celebrated this historic achievement by emphasizing the unwavering support of its customers, hosting a heritage exhibition titled “One Step Further” at the Hyundai Motorstudio Seoul from October 10 to December 31, 2024. The event welcomed thousands of visitors, offering a journey through Hyundai’s illustrious history.

Heritage Exhibition Celebrates 80th Anniversary of Kia

Kia, established in 1944, celebrated its 80th anniversary in 2024. To mark the occasion, Kia hosted its second heritage exhibition, “From Moments to Movement,” at Kia360. Following 2023’s first exhibition featuring the T-600, the tricycle that marked Kia’s early foray into mobility, this event highlights Kia’s journey under the themes of ‘Bold,’ ‘Enriching,’ and ‘Progressive.’ Iconic models like the Sportage and EV9, Pride and EV3, and Bongo9 and PV5 take center stage, showcasing Kia’s DNA across its history and into its electrified future.

Kia’s journey began in an era of scarcity following Korea’s liberation and the Korean War, when the company’s predecessors, Kyungsung Precision and Kia Industrial, provided much-needed bicycles for the public. From the 1960s onward, Kia became a pioneer of Korean mobility with its three-wheeled trucks, practical vans like the Bongo, and revolutionary models like the Pride and the world’s first urban SUV, the Sportage. Visitors to the exhibition can explore how Kia’s legacy continues to influence its modern electrified lineup.

4. Award Highlights of the Year: Hyundai and Kia Electrified Models Sweep the Globe

Kia EV9 Wins 2024 North American SUV of the Year and 2024 World Car of the Year

Hyundai Motor Group electrified global awards stages throughout the year, with Kia’s EV9 leading the charge. The EV9 claimed the 2024 North American Utility Vehicle of the Year and took home two honors at the 2024 World Car Awards: World Car of the Year and World Electric Vehicle of the Year. This remarkable streak began in 2023 and continued with accolades from the 2024 UK Car of the Year Awards and the 2024 Women’s Worldwide Car of the Year Awards.

Ioniq 5N Wins 2024 World High Performance Car Of The Year And 2025 China High Performance Car Of The Year

Another star of the year was Hyundai’s high-performance electric vehicle, the IONIQ 5 N. It kicked off 2024 by winning the World Car Awards’ Performance Car of the Year and continued to earn accolades from major publications and organizations worldwide. The 2024 TopGear.com Electric Awards named the IONIQ 5 N the Best Hot Hatch EV, while Car and Driver crowned it the 2024 Electric Vehicle of the Year.

The IONIQ 5 N’s winning streak extended to China, where it triumphed in the 2025 China Car of the Year Awards as Performance Car of the Year, scoring an impressive 211 points—far ahead of the Mercedes-AMG C63 S E Performance (142 points) and the Lynk & Co 03++ (127 points). Achieving this in the world’s largest car and EV market made the victory particularly significant.

Genesis Electrified G80 and Electrified GV70 Winning 2024 Canadian Electric Vehicle and Electric SUV of the Year

Genesis also joined the awards roster with its Electrified G80 and Electrified GV70, which were honored as the 2024 Canadian Green Car of the Year and 2024 Canadian Green Utility Vehicle of the Year. These awards, organized by the Automobile Journalists Association of Canada (AJAC), reaffirmed not only HMG’s but also Genesis’s growing influence in the Canadian market. Looking ahead, the G70 and G80 electrified models are strong contenders for the 2025 Canadian Car of the Year Awards, further solidifying Genesis’s presence on the global stage.