Hyundai Mobis Strategy to Continue Growth: "SW + Semiconductor Integrated Platform"

President Jo Seonghwan Speaks at 'Vienna Motor Symposium'
"Plans to Utilize Electrification Technology, UAM, and Robotics" Revealed

Hyundai Mobis, which showed strong performance in the first quarter of this year, has concretized its future strategy. The company plans to provide differentiated platforms in the mobility sector based on software and semiconductors.

On the 27th (local time), Cho Seong-hwan, President of Hyundai Mobis, gave a keynote speech at the 'Vienna Motor Symposium' held in Vienna, Austria, presenting on the topic of 'Hyundai Motor Group's Future Mobility Vision and Hyundai Mobis's Strategic Role.'

Cho Sung-hwan, President of Hyundai Mobis, who appeared as a speaker [Photo by Hyundai Mobis]

President Cho introduced Hyundai Motor Group's future mobility technology vision and detailed Hyundai Mobis's response strategy linked to the group's strategy. He stated, “We will provide customers with Hyundai Mobis's differentiated platform in electrification, autonomous driving, and connectivity based on high-quality software and optimal semiconductors.”

He also expressed commitment to new growth businesses. The company will utilize electrification component technologies such as the battery system (BSA), drive system, and integrated charging system it developed to promote new businesses like Urban Air Mobility (UAM) and robotics.

President Cho emphasized that innovation in mobility technology is important for improving the quality and value of human life. He explained, “Advancements in mobility technology will not only respond to the global climate crisis but also reduce the driving burden for elderly or physically challenged people and alleviate discomfort during travel, ultimately enhancing the quality of human life.”

The Vienna Motor Symposium is an annual academic conference recognized internationally for its authority in the automotive field. This year's theme is the transition to electrification. Key speakers included Thomas Schmall, CEO and CTO of Volkswagen Group Components, Stefan Hartung, Chairman of Bosch, and Christoph Starzinski, Vice President in charge of electric vehicle development at Mercedes-Benz.

Cho Sung-hwan, President of Hyundai Mobis, who took the stage as a speaker [Photo by Hyundai Mobis]

Meanwhile, Hyundai Mobis recorded sales of KRW 14.667 trillion, operating profit of KRW 418.1 billion, and net profit of KRW 841.8 billion in the first quarter of this year, driven by increased finished vehicle production and rising sales of electrification parts. Compared to the same period last year, sales increased by 29.7%, operating profit by 8.1%, and net profit by 61.6%.

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