The company selected electrification as its core business among future mobility technologies as it has already accumulated expertise and know-how in the sector.“Hyundai Mobis aims to control the future mobility ecosystem and develop top-tier products leading the market,” said a company official on Thursday.“We plan to actively win more orders from global automakers by focusing on electrification.”Last year, the company proved its electrification technology with a deal to supply its battery system assembly, a core EV component, to Volkswagen AG for the world’s second-largest automaker’s next-generation platform for the clean vehicles.
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, is set to focus on electrification to enhance its competitiveness in future mobility, expecting electric vehicles to eventually become mainstream in the global automobile industry despite their recent slowing growth.
The unit of South Korea’s top automaker Hyundai Motor Group has been working on electrification, autonomous driving, infotainment and connectivity to secure key mobility technologies for future growth and profit diversification by providing mobility solutions combining software and hardware.
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