Thinkware Selected as a First-Tier Supplier for Hyundai Motor Company

[Asia Economy Reporter Moon Hyewon] Thinkware announced on the 9th that it has passed the Hyundai Motor Group Quality Operation System evaluation and was selected as a first-tier supplier.

Thinkware established and operates the 'Electronics Business Division' in 2018 as an organization specialized in responding to major automakers. Currently, it has built numerous B2B references based on electronics business, including being selected as the official black box supplier for Ford's U.S. headquarters, as well as partnerships with Renault Samsung, GM, Volkswagen, Volvo, and Chinese automakers.

It is also continuously undertaking organizational transformation activities to introduce product development and production processes for the B2B market. In the second half of 2017, it completed a 10,000-pyeong (approximately 33,000 square meters) production plant in the Mega Polis Industrial Complex in Chungju City, establishing an automated factory capable of producing 2 million units annually. Additionally, it is diversifying its business by expanding its automotive-related product lineup through sub-brands such as tinting, in-vehicle air purifiers, and electric kickboards.

Choi Haejung, head of Thinkware's Electronics Business Division, said, “The company has continuously grown technologically and commercially in the automotive aftermarket with navigation and black boxes as the main products, and was able to be selected as a partner based on many years of related technical know-how and expertise. We will focus on core R&D to integrate our technological capabilities with various projects conducted by Hyundai Motor Group so that both companies can grow together.”

This content was produced with the assistance of AI translation services.