Hyundai
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| Basic information | |
|---|---|
| Founded | 1967 |
| Legal structure | Public |
| Industry | Automotive |
| Official website | https://hyundai.com/ |
Hyundai Motor Company, commonly referred to as Hyundai, is a South Korean multinational automotive manufacturer headquartered in Seoul. Founded in 1967 by Chung Ju-yung, Hyundai is one of the largest car manufacturers in the world, producing a wide range of vehicles, including sedans, SUVs, trucks, and electric vehicles.
Hyundai has also been accused of selling customer's telemetry data to third-party Verisk which then performed risk assessments and generated reports that insurance companies purchased for drivers.
Consumer Protection and Right to Repair
Hyundai customers were quoted $56,000 CAD[1] for a new battery pack plus labor cost. This figure has sparked controversy, as it effectively makes replacement economically unfeasible.
Hyundai tried to blame the misquote on one "independent" dealer, despite the fact that multiple sources have confirmed identical pricing across authorized dealerships.[2]
In August 2025, a flaw was discovered in the security of Hyundai's wireless communications protocol which allows hackers with a "Game Boy-style" device to access the Ioniq 5 and gain physical access to the vehicle without the owner's consent. Hyundai is offering to fix this flaw in their production software for customers who pay a £49 charge.[3]
References
- ↑ $60,000 to replace battery // 2nd IONIQ 5 case confirms battery price!
- ↑ Hyundai, Why Does an Ioniq Battery Cost $60,000?
- ↑ Warren, Tom (2025-08-13). "Hyundai wants Ioniq 5 owners to pay to fix a keyless entry security hole". The Verge.
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