An innovator and visionary who's also down to earth and approachable, Euisun Chung is leading Hyundai Motor Group into a new age.
. These top honors follow other MotorTrend awards in recent years for the Genesis GV70 and Kia Telluride. The vehicles coming out of Hyundai Motor Group are notable for their eye-catching design, quality, clever packaging, and good value—and they are proving increasingly difficult to beat.Chung helped his father helm the group as it grew its portfolio of must-have vehicles, and now as executive chair, he is putting his stamp on the company's future.
Each brand uses the new Electric Global Modular Platform, and a new Integrated Modular Architecture will arrive in 2025. The new version is designed to streamline processes and employ a common chassis and standardized battery systems, packs, and motors to make longer-range EVs at reduced cost. Hyundai is adding 11 new EVs by 2030, Genesis will add six, and Kia has 14 planned by 2027. Altogether, they hope to sell about 3.
To that end, Chung has allocated more than $70 billion for future business. In addition to new vehicles, he's adding assembly plants and creating a more efficient manufacturing model. Partnerships continue to work on next-gen batteries such as solid state for greater range and lower cost. Hyundai and Kia are spending $14 billion on software for connectivity and autonomous driving. The Level 3 autonomous driving in the G90 is impressive.
Despite his high perch, colleagues describe Chung as hands-on and credit him for pushing his leadership team to be audacious. Luc Donckerwolke, president and chief creative officer of design, says when he joined Hyundai from the Volkswagen Group's prestige brands, Chung told him to go for it. Indeed, the sky's the limit, and Donckerwolke has full backing from the top because Chung wants design to be a company pillar.
In that sense, he does his father and grandfather proud, leading the entire Hyundai Motor Group to new levels. He rarely seeks publicity, but the man and his vision—and the juggernaut his company is becoming—loom loud and large. For this vision and leadership, Euisun Chung is the 2023 MotorTrend Person of the Year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Golden Globes 2023 Presenters Include Jenna Ortega, Jennifer Coolidge, Ana de Armas, and MoreJennifer Coolidge and Jenna Ortega are among the presenters set to appear at this year's Golden Globes. See the full list:
Read more »
Rihanna drops Super Bowl 2023-themed Savage X Fenty merchForget about team jerseys — Rihanna fans have a new uniform for Super Bowl Sunday. Shop the limited-edition sporty styles before they sell out.
Read more »
2023 Baseball and Softball registrations in DothanRegistration for 2023 spring baseball and softball programs in Dothan are opening up and are expected to run until the end of the month.
Read more »
15-inch MacBook Air rumored to launch in 2023Apple will reportedly launch the 15-inch MacBook Air in 2023, according to a well-known insider - what you need to know.
Read more »
Who will (and should) win at the 2023 Golden GlobesThe Golden Globes are back on the air this year, and they may give us some ideas about how the Oscar race is shaping up
Read more »