Hyundai Motor Group Executive Chair Euisun Chung Named as ‘Industry Leader’ in the 2023 Automotive News
4 minute read
Here at Hyundai Motor Company, we are thrilled to announce a remarkable accolade.
Our esteemed leader – Hyundai Motor Group Executive Chair Euisun Chung – has been honored with the prestigious title of ‘Industry Leader of the Year’ in the 2023 Automotive News All-Stars Awards. Read on to find out more.
Industry Leader of the Year in the 2023 Automotive News All-Stars Awards
For 40 years, the Automotive News has recognized leaders making a significant impact on their companies and the industry at large. This year, our Executive Chair Euisun Chung won the title of Industry Leader for his exceptional contribution in new mobility with his futuristic vision that includes electric vehicles and hydrogen power.
This award is in recognition of the entire Hyundai Motor Group
family and partners all around the world who have worked so
hard and devoted themselves to making sure that we achieve
our vision of smart, sustainable mobility and progress for humanity.
– EUISUN CHUNG, HYUNDAI MOTOR GROUP EXECUTIVE CHAIR
This is not the first time that Euisun Chung has been awarded for his work with Hyundai Motor Group. He has also received several other industry honors. In 2023, he received the Commander of the Order of the British Empire and was named MotorTrend’s ‘Person of the Year.’ In 2022, he was named ‘Visionary of the Year’ at Newsweek’s World’s Greatest Auto Disruptors Awards, and in 2021, he was presented with the highly respected Issigonis Trophy by Autocar in the UK.
Hyundai Motor Group, the pioneer
These recognitions are not just individual triumphs for Chung – they’re so much more than that. These wins are a testament to Hyundai Motor Company's relentless pursuit of excellence and innovation in the automotive world.
Here’s the thing: Hyundai Motor Company's ascendancy as a pioneer in the automotive landscape isn’t just about sales figures. Our collective success is deeply rooted in the ethos and leadership characteristics ingrained within our company and the philosophies and attributes passed down by our founders that shaped Hyundai Motor Company's development. It’s these principles that have been the guiding light in our journey toward innovation and leadership.
The leadership that built our brand DNA
The Industry Leader award signals Euisun Chung’s driving role in advancing technology and sustainability as part of our vision for future mobility. Enriching the wider society has become another building block in our DNA. It’s this audacious vision and core leadership traits that spurred us to blossom into a formidable force in the automotive realm, respecting and embracing diverse cultures across the globe.
More than that, we are always defying convention- another trait that has been ingrained in our very DNA since day one. Ju-yung Chung’s disdain for boundaries and stereotypes is what propelled us toward uncharted territories in business. This relentless attitude not only defied the status quo but also set the stage for pioneering innovations that have reshaped the automotive industry.
At our core, we have a unified vision and a sense of togetherness. And it’s here that our strength is woven within a tapestry of shared ideals among executives and employees alike. This collective spirit nurtures a culture that embraces challenges as stepping stones and treats setbacks as seeds for growth. It’s this unity that has enabled us to soar in elevating Hyundai Motor Company's research, development, and global reach and helps us commit to our brand essence – Sustainable, Innovative, and Humane – that ultimately converges toward our ultimate pursuit: "Progress for Humanity."
Next Big Steps in the EV Era and a Glimpse into Hyundai Motor Company's Future
As ‘Industry Leader of the Year’, Euisun Chung has been recognized for bringing in a whole new era of EVs. This endeavor has seen our IONIQ 5 and IONIQ 6 awarded “World Car of the Year” in 2022 and 2023 respectively, along with a host of other awards for safety and design.
This drive into EVs can also be seen in two of our latest projects. Firstly, we held an inauguration ceremony for the Hyundai Motor Group Innovation Center in Singapore (HMGICS) an innovative new hub that houses a Smart Farm and harmonizes the human experience with state-of-the-art robotics including SPOT. Secondly, we hosted a ground-breaking ceremony for our next EV era, which is evolving into the EV-dedicated Plant in Ulsan. Both of these projects set the course for our future, a future in which we will continue to blaze new paths and bring further “Progress for Humanity”.
Euisun Chung also has a driving role in our journey towards a hydrogen society. Under this vision, Hyundai Motor Group is committed to establishing a sustainable supply chain, applying green steel and eco-friendly parts, converting our own business sites to renewable energy, and pioneering the production, storage, and use of hydrogen energy worldwide. We are also forging ahead with our own hydrogen fuel cell electric vehicles.
Lastly, his ambition in advancing technology and sustainability clearly depicts Hyundai Motor Company’s vision for future mobility. Investing in and leader robotics technology, Advanced Air Mobility (AAM), and MoT (Mobility of Things), he is putting the ‘new’ into new mobility with global leadership.
The award signals differentiated strategies and business of Eusiun Chung, and eventually Hyundai Motor Company will blossom into a ‘Game Changer’ of the new generation. So, here’s to the chapters yet unwritten – and the boundless possibilities ahead.
Curious to explore more about Hyundai's journey and innovations? Follow us at @hyundai on Instagram to get an inside look at our vision, innovations, and the people behind our commitment to "Progress for Humanity".