In 2015, the automobile industry grew 2%, the lowest since 2010, due mainly to a recession in emerging markets caused by falling prices of oil, raw materials and other commodities as well as by uncertainties in global politics. Despite these challenging circumstances, Hyundai sold 4.96 million vehicles worldwide, continuing its growth trend. In addition, the company has been enhancing the brand value of Hyundai by launching all-new global luxury brand ‘Genesis’ and introducing a new line-up of eco-friendly vehicles.
Hyundai has an annual 4,915,000 unit production capacity, led by its Korean plants equipped to produce 1.78 million vehicles, followed by eight overseas subsidiaries, in China, India, the Czech Republic, and other countries, whose combined production capacity stands at 3,135,000 units. In 2015, we increased the production capacity of Hyundai Motor Manufacturing Czech to over 30,000 units as part of the strategy of expanding our presence in Europe and securing supply flexibility in the global market. In addition, to advance into the small commercial semi-bonnet car market of Europe, we signed a strategic partnership agreement with Karsan of Turkey and established a local production base. In 2016, our fourth plant in China, with a production capacity of 300,000 units, will begin its operation and contribute to expand sales in the Chinese market.
In 2015, the global automobile industry grew at a record low rate, mainly attributable to worsening economies in emerging markets. Hyundai, however, set a record in its sales history by selling 4,964,831 vehicles globally, 1,296 units more than the previous year.