[2021 Green Mobility Award] Strengthening Strategic Collaboration and Core Component Competitiveness in Electrification

Mobility Innovation Award (Minister of Environment Award) Hyundai Mobis

Hyundai Mobis is strengthening open innovation through strategic collaboration and investment in promising technology companies via five global bases, including the Yongin Research Center.

[Asia Economy Reporter Ki-min Lee] Hyundai Mobis is ranked 7th globally among comprehensive parts suppliers and is striving to secure differentiated future technology competitiveness through large-scale research and development (R&D) investments in future automotive fields such as autonomous driving, electrification, and connectivity.

In particular, it was recognized for continuously strengthening open innovation through strategic collaboration and investment in promising technology companies to secure future technology competitiveness early, receiving the Mobility Innovation Award (Minister of Environment Award).

In the electrification business sector, which can be called the green mobility field, Hyundai Mobis is enhancing its global competitiveness in core electrification components based on its independent R&D capabilities and production technology. Since 2017, it has been operating the world's largest hydrogen electric vehicle core parts production plant in Chungju, Chungbuk, producing fuel cell stacks, drive motors, and power electronic components used in hydrogen electric vehicles. In 2019, the second hydrogen fuel cell plant was expanded and began full-scale operation, proactively preparing for the upcoming hydrogen economy era.

Hydrogen fuel cells have great growth potential as they can be applied not only to hydrogen electric vehicles but also to various business models such as emergency power generation, construction machinery, drones, and ships.

In fact, Hyundai Mobis has equipped a hydrogen emergency power generation system within its eco-friendly vehicle parts plant in Chungju, and since last year, it has been jointly developing hydrogen forklifts with Hyundai Motor and Hyundai Construction Equipment, conducting demonstration projects.

A Hyundai Mobis official stated, "To prepare for the rapidly growing electrification market, we plan to continuously increase R&D and facility investments and strengthen cost and quality competitiveness to enhance our status as a global leader in the electrification market."

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