Hyundai Motor Group’s Executive Chair, Euisun Chung, highlighted the potential for significant growth opportunities driven by artificial intelligence (AI) in the industrial transition. Chung stressed the importance of swift decision-making backed by clear and timely communication during a recent New Year’s roundtable with senior executives. He mentioned the group’s valuable data assets related to vehicles and manufacturing processes, positioning them strongly in the AI era.
Chung emphasized the need for the group to expand its business ecosystem by collaborating with various partners in the AI sector amidst increasing global uncertainties. Anticipating a challenging year ahead, he pointed out the expected risks that the group has been preparing for. To tackle these challenges, he called for enhanced situational awareness and agile decision-making processes supported by rapid and transparent communication.
Addressing the intensifying competition in the global automotive industry, Chung stressed the importance of organizational transformation through deep reflection. Looking ahead, he expressed optimism about significant growth prospects for the group, particularly in the realms of artificial intelligence, software-defined vehicles (SDVs), and future mobility. Hyundai Motor Group had previously announced a substantial investment plan of 125.2 trillion won (US$86.5 billion) over the next five years until 2030, aiming not only for business expansion but also qualitative growth.
