Do Kia own Hyundai? Is Hyundai and Kia same company?

Do Kia own Hyundai? Is Hyundai and Kia same company? Sibling rivalries are some of the most competitive found anywhere, and the case with Hyundai and Kia is no different. The two companies are both part of the wider Hyundai chaebol. This is a structure somewhat similar to the Japanese keiretsu, except the firms typically share a founding family rather than ownership by a financial institution.

This means the companies own a part of each other, with Hyundai directly owning 33.9 per cent of all Kia shares, and Kia having a stake in Hyundai indirectly through shares in Hyundai Steel and supplier Hyundai Mobis. In Australia, both are considered to be mainstream brands, and are consistently within the Top 10 brands on the sales charts. According to VFACTS sales data, last month was one of the few in which Kia actually outsold its sibling.

Kia sold 7124 vehicles, making it Australia’s third most popular brand in May 2021, while Hyundai sold 6450 vehicles and sat in sixth place. With Hyundai bearing the name of the wider Hyundai chaebol, it is commonly perceived internationally as the larger, more established brand compared to its sibling.

Do Kia own Hyundai?

Hyundai is not owned by Kia. The largest shareholder in Kia is Hyundai, which holds a 33.88% interest in the automaker. Kia still continues to be a distinct business with its own management team and board of directors.

The Hyundai Motor Group, a chaebol, or family-owned conglomerate, includes Hyundai and Kia. Hyundai Mobis, Hyundai Steel, and Hyundai Glovis are also part of the Hyundai Motor Group.

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Despite belonging to the same company, Hyundai and Kia run their own businesses. They have their own manufacturing plants, sales and marketing teams, and design studios. They do, however, have some comparable technology and parts, which helps to control prices.

Both Hyundai and Kia are renowned for producing high-quality, reasonably priced automobiles. Both of them are making significant investments in electric automobiles.

Do your homework and compare the models if you’re thinking about buying a Hyundai or Kia to determine which one is best for you.

Kia own Hyundai

Is Hyundai and Kia same company?

The companies Hyundai and Kia are not the same. They both belong to the Hyundai Motor Group, a chaebol, or family-owned business, nevertheless. Hyundai Mobis, Hyundai Steel, and Hyundai Glovis are also part of the Hyundai Motor Group.

The largest shareholder in Kia is Hyundai, which holds a 33.88% interest in the automaker. Kia still continues to be a distinct business with its own management team and board of directors.

Despite belonging to the same company, Hyundai and Kia run their own businesses. They have their own manufacturing plants, sales and marketing teams, and design studios. They do, however, have some comparable technology and parts, which helps to control prices.

Both Hyundai and Kia are renowned for producing high-quality, reasonably priced automobiles. Both of them are making significant investments in electric automobiles.

Do your homework and compare the models if you’re thinking about buying a Hyundai or Kia to determine which one is best for you.

In the end, test-driving both Hyundai and Kia vehicles to determine which one you prefer is the best method to choose which brand is ideal for you.

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Are Hyundai and Kia made in the same factory?

Ian the same factory, certain Hyundai and Kia automobiles are produced. For instance, the Hyundai Motor Manufacturing Alabama plant in Montgomery, Alabama produces both the Hyundai Elantra and the Kia Forte.

But not every Hyundai or Kia vehicle is produced in the same plant. The Hyundai Santa Fe is one Hyundai car that is produced in South Korea. Some Kia automobiles, including the Kia Telluride, are also produced there.

There are numerous production sites operated by the Hyundai Motor Group all around the world. While some of these factories specialize in making Hyundai vehicles, others make Kia vehicles. A few factories also build cars for Hyundai and Kia.

Cost, logistics, and demand are only a few of the considerations used to decide which plant will make a specific car.

You can review the vehicle’s specification sheet to find out more information on where a specific Hyundai or Kia was produced. The nation where the car was made will normally be listed on the specification sheet.

In the end, the place of manufacture has little bearing on the quality of a Hyundai or Kia automobile. Both Hyundai and Kia have strict quality control guidelines, and a number of factories all over the world are used to make their automobiles.

Kia own Hyundai

Why are Kia and Hyundai so similar?

Because they are both a part of the Hyundai Motor Group, Kia and Hyundai are so similar to one another. Hyundai Mobis, Hyundai Steel, and Hyundai Glovis are also part of the chaebol, or family-owned conglomerate, known as the Hyundai Motor Group.

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The largest shareholder in Kia is Hyundai, which holds a 33.88% interest in the automaker. Kia still continues to be a distinct business with its own management team and board of directors.

Despite belonging to the same company, Hyundai and Kia run their own businesses. They have their own manufacturing plants, sales and marketing teams, and design studios. They do, however, have some comparable technology and parts, which helps to control prices.

Here are a few explanations for the similarity between Kia and Hyundai:

  • They share platforms: Kia and Hyundai frequently use the same platforms for their automobiles. This indicates that the chassis and suspension of the vehicles are comparable.
  • Both Hyundai and Kia frequently share their respective engines and transmissions. Costs are brought down, and productivity is increased.
  • Hyundai and Kia both have a similar design language. This indicates that their cars share comparable stylistic cues including grilles, headlights, and taillights.
  • They provide comparable qualities: Similar features are frequently available on Hyundai and Kia automobiles. Informational systems, safety features, and driver assistance features fall under this category.

Because they belong to the same organization and utilize some of the same technology and parts, Kia and Hyundai are generally rather comparable. They differ from one another in a few respects, though. For instance, Hyundai vehicles are frequently perceived as being more economical and practical, whereas Kia vehicles are frequently perceived as being more fashionable and entertaining to drive.

In the end, test-driving both Hyundai and Kia vehicles to determine which one you prefer is the best method to choose which brand is ideal for you.

Kia own Hyundai

Above is information about Do Kia own Hyundai? Is Hyundai and Kia same company?. Hopefully, through the above content, you have a more detailed understanding of Kia own Hyundai. Thank you for reading our post.

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