{"id":67670,"date":"2024-10-23T13:28:01","date_gmt":"2024-10-23T10:28:01","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=67670"},"modified":"2024-10-23T13:28:01","modified_gmt":"2024-10-23T10:28:01","slug":"hyundai-motor-ascends-to-global-top-30-spot-with-23-billion-brand-valuation-in-2024-interbrand-rankings","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2024\/10\/23\/hyundai-motor-ascends-to-global-top-30-spot-with-23-billion-brand-valuation-in-2024-interbrand-rankings\/","title":{"rendered":"Hyundai Motor Ascends to Global Top 30 Spot with $23 Billion Brand Valuation in 2024 Interbrand Rankings"},"content":{"rendered":"\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hyundai Motor Company\u2019s brand value increased by 63 percent in five years, marking the 14th<\/sup> consecutive year of increasing brand valuation<\/strong><\/mark><\/p>\n\n\n\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Key growth factors include global initiatives embodying Hyundai Motor\u2019s vision of \u2018Progress for Humanity\u2019, increased competitiveness as a global top automaker, and expanding global brand influence<\/strong><\/mark><\/p>\n\n\n\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hyundai Motor recently unveiled \u2018Hyundai Way\u2019, a mid- to long-term future strategy for market leadership focused on innovation in mobility and energy<\/strong><\/mark><\/p>\n\n\n\n

 <\/pre>\n\n\n\n
Hyundai Motor Company<\/a><\/strong> is proud to announce that its brand valuation has reached $23 billion, ranking 30th<\/sup> globally among Interbrand\u2019s Best Global Brands in 2024. <\/p>\n\n\n\n
This marks a significant 63 percent increase in brand value over five years, and a rise in rankings for the second consecutive year. During this time, the brand moved up six spots from 36th<\/sup> to 30th<\/sup> and marked 14th<\/sup> consecutive year of increasing brand valuation.<\/p>\n\n\n\n
Key factors that contributed to Hyundai Motor\u2019s growth in brand value include various global initiatives that embody the company\u2019s brand vision \u2018Progress for Humanity\u2019. <\/p>\n\n\n\n
Notably, IONIQ 5 N won the World Performance Car at the 2024 World Car Awards, and received accolades at the J.D. Power U.S. APEAL Study, reinforcing Hyundai Motor\u2019s competitiveness as a global top automaker.<\/p>\n\n\n\n
Hyundai Motor has also expanded its global brand influence through strategic initiatives. Following the completion of the Hyundai Motor Group Innovation Center Singapore (HMGICS), the company continues to secure global influence in future mobility with plans for new facilities like the Hyundai Motor Group Metaplant America (HMGMA), a new electric vehicle (EV) plant in Ulsan, and a complete knock down (CKD) factory in Saudi Arabia.<\/p>\n\n\n\n
Customer engagement has been strengthened through creative initiatives such as sports sponsorships including Archery and FIFA, sponsorship of the Whitney Museum of Art, and the premiere of its first short film \u2018Night Fishing\u2019. <\/p>\n\n\n\n
Hyundai Motor also opened its first restaurant \u2018Na Oh\u2019 in Singapore in collaboration with a Michelin-starred chef. It won numerous accolades in the Red Dot Award: Brand & Communications Design 2024 Awards.<\/p>\n\n\n\n
Looking ahead, Hyundai Motor recently unveiled \u2018Hyundai Way\u2019, a mid- to long-term strategy for market leadership. The company will continue to innovate to create a future centered on mobility and energy, while flexibly responding to the market.<\/p>\n\n\n\n
 By continuously enhancing its products and services based on software and AI, Hyundai Motor is poised to lead the transformation in the mobility ecosystem, strengthening its position as a mobility game changer.<\/p>\n\n\n\n
\u201cHyundai Motor will strengthen its position as a game changer by expanding beyond vehicle manufacturing to AAM and other forms of future mobility,\u201d said Jaehoon Chang, President and CEO of Hyundai Motor Company. \u201cOur technological advances will bring a richer and more sustainable future for humanity.\u201d<\/p>\n\n\n\n
Interbrand, a global brand consulting firm, annually evaluates major multinational companies. The rankings are based on three factors: an analysis of financial performance, the role of the brand, and the competitive strength of the brand. Hyundai Motor\u2019s rise in this prestigious list is a testament to the company\u2019s consistent growth and robust performance.<\/p>\n\n\n\n
\u201cHyundai Motor’s two-rank increase in this year’s BGB is a testament to the company’s achievements across both the business and branding fronts,\u201d said Jihun Moon, CEO of Interbrand Seoul. <\/p>\n\n\n\n
New global sales records, in tandem with continuous efforts to fortify the IONIQ and N, propel Hyundai Motors forward in the direction of genuine fandom creation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hyundai Motor Company\u2019s brand value increased by 63 percent in five years, marking the 14th consecutive year of increasing brand valuation \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Key growth factors include global initiatives embodying Hyundai Motor\u2019s vision of \u2018Progress for Humanity\u2019, increased competitiveness as a global top automaker, and expanding global brand influence \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hyundai Motor recently unveiled \u2018Hyundai …<\/p>\n","protected":false},"author":2,"featured_media":67671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-67670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cars"],"yoast_head":"\nHyundai Motor Ascends to Global Top 30 Spot with $23 Billion Brand Valuation in 2024 Interbrand Rankings - 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