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Hyundai manufactured its 100 millionth car

In 1967, the South Korean multinational automotive manufacturer Hyundai Motor Company and commonly known as Hyundai was founded. In its almost six decades of existence, it reached a historic achievement, 100 million vehicles produced.

On this occasion, a special ceremony was held at the factory in Ulsan, which is considered to be the historical place where South Korea’s automobile industry began. In this plant, Hyundai produced the first car in cooperation with Ford Motor Company in 1968, and in 1975, Hyundai developed its first car, the Hyundai Pony, which was also produced in Ulsan. Since then, Hyundai has expanded its operations around the world and now has production facilities in Turkey, India, the United States of America and the Czech Republic.

During this event, 100,000,001 were also delivered. copy, and it is about the electric Hyundai Ioniq 5, which was handed over to the new owner.

When it comes to the future, Hyundai recently announced that it plans to introduce 21 new electric cars by the end of the decade. Some of the new EVs to hit the market in the next five years is the high-performance electric vehicle, the N Vision 74.

This car was announced in 2022, and Hyundai’s executive technical advisor and creator of the N brand, Albert Biermann, did not show interest in this model in his earlier statements. His position is that the job of the N brand is not to produce show cars, but cars for young people and for enthusiasts, cars that are affordable and capable on the track. However, management seems to think otherwise.

Source: Hyundai

Stellantis has a problem with a large stock of unsold cars

Stellantis is one of the largest automotive groups in the world that owns more than a dozen brands. In the first half of 2024, it recorded bad sales results, which caused the problem of too many manufactured cars sitting in warehouses.

The total sales of vehicles from the Stellantis Group in the six months of this year on the United States market fell by 16%, and the biggest decline was recorded by Ram (-26%), Dodge (-16%), Jeep (-9%) and Chrysler (- 8%). A large number of vehicles are gathering dust in warehouses, so the group is considering the option of a lower price on cars manufactured this year or earlier.

Looking at individual models, the Alfa Romeo Giulia is currently the slowest selling car in the US, with an inventory of 617 days. It is followed by Alfa Romeo Stelvio (456 days), Fiat 500e (454 days), Jeep Renegade (332 days), Grand Wagoneer L (327 days) and Dodge Hornet (323 days). This means that brands don’t have to produce these models for more than a year before selling currently unsold stock.

Also, Stellantis decided to reduce the delivery of cars to dealers by the end of the year by 200,000 units.

Source: CarEdge, Photo: Stellantis

Audi reached an agreement with SAIC Motor

Chinese manufacturers have become absolute leaders in the EV market, so the only way to counter their dominance is synergy with some of them. The biggest pressure is on European manufacturers who are trying to increase their chances of survival by cooperating with Chinese companies. Representatives of Audi and SAIC reached an agreement on the production of a fully electric car that should reach the market in 2025.

Currently, Audi in China is not recording any notable results. Last year, they sold a total of 31,000 cars on the Chinese market, and this partnership could be a turning point. Also, this is not the first time that SAIC Motor cooperates with a European company. For years, they worked closely with Volkswagen, from which the German manufacturer benefited the most, increasing its presence on the Chinese market through this cooperation. That’s exactly what Audi is hoping for.

SAIC Motor is one of the largest automobile companies in China with over 5 million vehicles sold in 2023. The deal with Audi is somewhat unusual, as the cars will not carry the four-ring Audi badge. Audi will use the new Advanced Digital Platform (ADP), and sources say the first car from the partnership will be a mid-size electric vehicle. It should be launched in November, and will only be offered in the Chinese market from 2025.

Source: Reuters