Hyundai Mobis Accelerates Efforts to Secure Competitiveness in Future Vehicles

Focus on the Three Major Policies of Sustainable Management

[Asia Economy Reporter Kiho Sung] Hyundai Mobis is focusing its company-wide capabilities on the three major sustainable management policies to make this year a year of organizational reform aimed at becoming a game changer in the future car industry, marking the 20th anniversary of its name change.

Hyundai Mobis's three major sustainable management policies are ▲ securing new growth engines in core areas such as autonomous driving and electrification ▲ environmentally friendly management that proactively responds to environmental regulations ▲ creating regional social value in harmony with stakeholders. Through this, the company plans to faithfully fulfill its role as a sustainable enterprise despite rapidly changing internal and external management environments.

Hyundai Mobis has set a vision to secure world-class future car technology competitiveness by 2025 and is promoting detailed execution tasks. To this end, it plans to carry out about 2,000 research and development projects, a 16% increase from last year. The R&D budget totals around 1 trillion won, which is about a 60% increase compared to 2015, five years ago. The number of R&D personnel is also expected to exceed 5,000 for the first time.

The company is also focusing on strengthening qualitative research capabilities. Hyundai Mobis established a dedicated team for open innovation in 2018 and has built 'Mobis Ventures,' an open innovation base in Silicon Valley and Shenzhen, the startup hubs of the United States and China.

Through this, it has invested in StradVision, a deep learning-based video recognition startup, and DeepGlint, a Chinese startup with competitive facial recognition technology. Last year, it also made a strategic investment in Velodyne Lidar, a leading U.S. lidar sensor company, to secure mass production technology for lidar systems, a core sensor for autonomous driving.

In addition, Hyundai Mobis signed a memorandum of understanding with Yandex, Russia's largest ICT company, to develop a fully autonomous driving platform, and is conducting R&D with KT, a major domestic telecommunications company, to secure 5G-based connected car technology.

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