Hyosung Motors is a subsidiary of Hyosung
Group of Industries and was founded in 1978, being initially focused on
building Suzuki designs. The agreement between Hyosung and Suzuki was signed
in 1979 but the company grew up a lot in the next few years so it was chosen
as the motorcycle supplier for the Asian Games held in 1986. In addition, it
was also selected as the motorcycle supplier for the 1988 edition of the
As mentioned, the company grew up a lot in its early days so, as a result of
its continuous expansion, it established its first technical research
institute in 1986. By 1987, the company was already able to build motorcycles
using in-house technology. One year later, Hyosung was already capable of
exporting motorcycle to Japan, no less than two models being sent to the
neighbors: Familia 100 and FR 50.
The time passed by and the company continued its expansion, creating two new
departments in 1990: the Machine Sales Incorporation and the Motorcycle Sales
Incorporation. Moreover, in 1991, the Korean firm finished the construction of
its second factory in Daejeon Daesung.
Three years later, thanks to its high production capabilities, Hyosung was
able to export motorcycles to Europe, the CAB 50 being initially sent to
Italy, a country which already owned several motorcycle manufacturers.
If in 1996 the company has already produced 1 million units, five years later
it reached the 2 million motorcycle milestone, continuing its impressive
growth. In the next few years,
Hyosung signed agreements with several companies around the world in order to
be able to deliver its products easier than anytime before. For instance, it
struggled to improve its network in Asia and Europe as well as in the United
States through new deals and dealerships.
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