Hyundai Motor Group Chairman Euisun Chung has today been respected with the Issigonis Trophy at the 2021 Autocar Awards function.
Named out of appreciation for unbelievable vehicle planner Sir Alec Issigonis, the Trophy is Autocar’s most noteworthy award. Every year it is introduced to a stand-apart individual inside the worldwide car industry, whom Autocar judges consider to have conveyed an outstanding degree of achievement.
In perceiving the visionary authority of Chairman Chung on the introduction of the Issigonis Award, Autocar manager in-boss Steve Cropley said: “In the last decade the Hyundai Motor Group has grown into one of the world’s leading car firms, and chairman Euisun Chung has been key to that transformation. We’re proud to award him this year’s Issigonis Trophy to recognize his achievements. The transformation made by the company is unmatched in the industry in recent years.”
“While Hyundai and Kia were considered unexciting budget brands with limited market share just a decade ago, under Euisun Chung’s leadership they have made incredible progress, winning market share and customers with cars that are the match of any mainstream rival.”
“The Hyundai Motor Group has expanded into performance cars with Hyundai’s N division and the premium market with the new Genesis brand, and become a true industry leader in both electric and hydrogen-powered cars. It is no longer trying to catch up to rivals: now other car firms are chasing it.”
On accepting the Issigonis Trophy, Chairman Chung remarked: “It’s a true honor to receive this prestigious award today from Autocar and I must thank all my colleagues for their contribution in securing this accolade. Despite the dramatic upheaval of the global auto industry and challenges of the COVID-19 pandemic, Hyundai Motor Group is spearheading a paradigm shift and what lies at the heart of our efforts is our single-minded focus on serving and empowering our customers. Through a considered approach, we will create more opportunities and oil the wheels of ‘progress for humanity’.”
Late huge advances by the Hyundai Motor Group made under the Chairman’s residency incorporate the presentation of exceptionally progressed electric vehicles: the Hyundai IONIQ 5 and Kia EV6. Both utilize the Group’s new, committed EV stage, the Electric Global Modular Platform (E-GMP). Notwithstanding the elite N brand of Hyundai Motor Company, the Group has likewise dispatched HTWO committed power module brand, and the Genesis premium extravagance brand.
Executive Chung has driven the change of the Group’s worldwide insight by presenting respected plan bosses from inside the business, including Peter Schreyer and Luc Donckerwolke. Under Chairman Chung’s initiative, the Group has fostered a plan driven concentration with items that appeal to the European shopper. Formal acknowledgment of this fruitful system is obvious in various plan grants introduced to Hyundai and Kia over late years.
Director Chung stood firm on the foothold of President of Kia from 2005 to 2009 preceding turning out to be Vice Chairman and afterward Chairman of the Hyundai Motor Group, with obligation regarding assorted partner organizations in the auto, steel and development ventures, including Hyundai Motor Company and Kia Corporation. His authority has been perceived with various industry awards, including ‘Top 200 next generation leaders’ by World Economic Forum and ‘Most Influential Korean Leaders: Global Business’ by Fortune Korea.