Hyundai Motor Company, often abbreviated to Hyundai Motors (Korean: 현대자동차; Hanja: 現代自動車; RR: Hyeondae Jadongcha listen) and commonly known as Hyundai (Korean: 현대; Hanja: 現代; RR: Hyeondae, IPA: [ˈhjəːndɛ];[a] lit. 'modernity'), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and also fully owns two marques including its luxury cars subsidiary, Genesis Motor, and an electric vehicle sub-brand, Ioniq. Those three brands altogether comprise the Hyundai Motor Group.</p> <p>Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms. As of 2022, Hyundai is the world's third-largest carmaker in terms of production, behind Toyota and Volkswagen.