SEOUL, Aug. 26 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 36 billion won (US$30 million) in expanding its output capacity of electric vehicle components. Hyundai Mobis has already invested more than 300 billion won in EV parts plants in the central city of Chungju — [...]
SEOUL, July 17 (Korea Bizwire) — Hyundai Mobis Co. has reopened its social contribution program through ‘untact’ means to limit the spread of the coronavirus. South Korea’s biggest auto parts maker announced Thursday that it will reopen its Junior Engineering Class for educating future scientists by transitioning the program to an online setting. The Junior [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it will invest US$20 million in two U.S. tech funds to foster future mobility startups. Hyundai Mobis will invest in ACVC Partners and MOTUS Ventures as it seeks to preemptively secure future mobility technologies in the fields of [...]
SEOUL, June 24 (Korea Bizwire) — Hyundai Mobis Co. said Wednesday it has developed an integrated communication controller to offer 5G networks-based “seamless” connected car services in next-generation vehicles. The integrated communication controller allows a vehicle to have real-time communication with other vehicles and the infrastructure for safe driving and information gathering, the company said [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 1 trillion won (US$812 million) in research and development projects this year. In its 2020 sustainability report, Hyundai Mobis said it will invest in 2,000 R&D projects involving next-generation vehicles and expand its R&D workforce [...]
SEOUL, April 13 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Monday it will expand its technical center in India in the latest move to strengthen software development for autonomous vehicles. The second technical center, which will be set up near Hyundai Mobis’ first one in Hyderabad, will focus on [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Sunday it has developed a radar-based in-cabin sensing system meant to prevent hot car deaths. The radar-based rear occupant alert (ROA) system alerts a driver to check the vehicle’s back seat in case the presence of a child is [...]
SEOUL, Feb. 27 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it aims to make inroads into the global head-up display (HUD) market. The global HUD market has been dominated by multinational auto parts companies such as Continental AG, Denso and Nippon Seiki Co. “The company is aiming to [...]
SEOUL, Feb. 14 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker and a key affiliate of Hyundai Motor Group, on Friday named an outside director dedicated to enhancing shareholder value. Hyundai Mobis’ board of directors has appointed financial expert Jang Young-woo, a former head of UBS financial firm in Seoul, as [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hyundai Motor Group’s three key affiliates posted stellar performance last year with their operating profit jumping 44 percent on a weak won and robust sales of sport-utility vehicle models. For the whole of 2019, Hyundai Motor Co., Kia Motors Corp. and auto parts maker Hyundai Mobis Co. posted a [...]