Successfully averting the crisis of automotive chip shortages, Hyundai Motor Group leapt to the world’s 3rd-largest automaker by sales volume in the first half of 2022, up from 5th in 2010 and 10th in 2000. The Korean auto giant is set to carry out multiple investment projects in new fields in the years ahead, looking to further strengthen its competitiveness and meet challenges and opportunities associated with the US Inflation Reduction Act (IRA).