Hyundai Motor Company
CorpDigest
Hyundai Motor Company
Financial Performance
Last reviewed: June 2025 · By Swet Parvadiya
Revenue
$130B
Market Cap
$50.0B
Net Income
$9.5B
Employees
73,000
Today, Hyundai Motor Company stands as a colossus of the global manufacturing sector, generating a record $130.0 billion in annual revenue and employing a global workforce of over 70,000 professionals. The company can simultaneously fund the development of next-generation solid-state batteries, acquire advanced robotics firms like Boston pattern, and construct a $6.3 billion fully automated 'Metaplant' in the United States, all while maintaining a fiercely competitive pricing strategy that has allowed it to capture significant market share from legacy European and Japanese automakers. Honestly, for the fiscal year ending December 2024, Hyundai Motor Company reported record revenues of approximately $130.0 billion, driven by strong global demand for its SUV lineup, the rapid scaling of its Ioniq electric vehicle portfolio, and the premiumization of its product mix through the Genesis luxury brand. The crown jewel of this strategy is the newly constructed $6.3 billion Metaplant in Georgia, United States, a fully automated, highly flexible facility designed to produce 300,000 electric vehicles and battery packs annually. Hyundai Motor Company is a Automotive Manufacturing, Electric Vehicles, and Mobility Solutions company with $130B in 2024 revenue and 73K employees worldwide. For the fiscal year ending December 2024, Hyundai Motor Company reported record revenues of approximately $130.0 billion, reflecting the strength of its brand and the successful execution of its premiumization and SUV-focused product strategy. The company's strategic focus is anchored by its ambitious goal to sell 2 million pure electric vehicles annually by 2030, a commitment that has driven massive investments in native electric architectures, 800-volt charging technology, and a $6.3 billion localized manufacturing hub in the United States. For the fiscal year ending December 2024, Hyundai Motor Company reported record global revenues of approximately $130.0 billion, representing solid growth driven by strong global demand for its high-margin SUV lineup, the successful premiumization of its brand portfolio through Genesis, and the initial volume ramp-up of its new generation of battery electric vehicles. Hyundai is investing heavily in its manufacturing footprint, including the $6.3 billion Metaplant in Georgia and multiple battery joint ventures with LG Energy Solution and SK On in the United States. Recognizing the shift toward protectionism and the requirements of the Inflation Reduction Act, Hyundai is investing over $6.3 billion in its Metaplant in Georgia, alongside billions more in battery joint ventures with LG Energy Solution and SK On in Tennessee and other states.
Revenue Trend Analysis
YoY Change
+4.3%
2-Year CAGR
+7.7%
Peak Year
2024
Trend
Consistent Growth
Hyundai Motor Company has reported revenue across 3 fiscal years, compounding at +7.7% annually over 2 years. The most recent year saw a 4.3% increase versus the prior year. Revenue peaked in 2024 at $130.0B. Out of 2 reported periods, 2 showed growth and 0 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $130.0B | $9.5B | +4.3% |
| FY2023 | $124.6B | — | +11.3% |
| FY2022 | $112.0B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Hyundai Motor Company earned roughly $10 billion in net income in 2024, a net margin near 7.7%, with operating margins around 8 to 9% that rank at the high end of the auto industry. The strong profitability was driven by a richer mix of high-margin SUVs and Genesis luxury models. A weak Korean won also lifted the value of Hyundai's overseas sales when converted back home.
Hyundai listed Hyundai Motor India on the BSE and NSE exchanges in October 2024, raising about $3.3 billion in one of the largest initial public offerings in Indian history. The listing gave the Indian unit an independent market valuation. Proceeds support continued local expansion and battery and EV investment in the region.
Hyundai invests roughly $3 to $4 billion a year in research and development across EV platforms, hydrogen fuel cells, and autonomous driving for the Hyundai, Kia, and Genesis brands. That spending funded the E-GMP electric platform launched in 2020. It also keeps Hyundai among the two leaders in automotive hydrogen fuel-cell technology alongside Toyota.
Hyundai is spending about $6.3 billion on its Metaplant America in Georgia, a highly automated factory designed to build around 300,000 electric vehicles and battery packs annually. The site opened in the 2024 to 2025 window as its largest US manufacturing bet. It anchors Hyundai's localization strategy and its compliance with the Inflation Reduction Act's local-content rules.
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CorpDigest. "Hyundai Motor Company Revenue & Financials." CorpDigest, https://corpdigest.com/company/hyundai/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Hyundai Motor Company reported $130B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/hyundai/financials" target="_blank" rel="noopener">CorpDigest — Hyundai Motor Company financials</a></div>