Hyundai Mobis announced on March 20 that it has signed a memorandum of understanding (MOU) with Yandex, Russia's largest internet search engine provider, for joint development of a deep learning-based autonomous driving platform at its ICT Research Center in Yongin, Gyeonggi-do.Hyundai Mobis and
The downsizing of Chinese plants by Hyundai Motor Co. and Kia Motors Corp. has a ripple effect on Hyundai Mobis Co.Hyundai Mobis is said to be closing down its Module Plant 1 in Beijing at the time when Hyundai Motor shuts down its Beijing Plant 1, according to automaker and component industry sourc
Hyundai Mobis is planning to invest 5.5 billion won in DeepGlint, a Chinese startup that owns facial recognition technology based on artificial intelligence (AI). The investment is likely to become the former’s first investment in a non-South Korean company. The purpose of the investment is to acqui
Hyundai Mobis recently moved a production line at its factory in Tianjin, China, to Korea. The line produces parts for electronic devices for exporting to the United States. The move was made based on a strategic decision to avoid the U.S. government's high tariffs on products manufactured at fa
Hyundai Mobis is expanding the application of artificial intelligence (AI) to production and logistics on top of research and development in order to improve quality, reduce costs, and increase customer satisfaction.Hyundai Mobis announced on March 5 that it will develop an algorithm to detect quali
Under pressure from U.S. activist hedge fund Elliott Management, Hyundai Motor Group is expected to propose a stronger shareholder friendly policy and announce its new governance reform plan.The group scrapped its governance reform scheme last year due to opposition from institutional shareholders,
Hyundai Mobis has taken its first step toward building a “hydrogen society.” Going beyond simple production of vehicles, the auto parts supplier introduced a power generation system that utilizes the core parts of hydrogen-powered electric cars to supply electric power. Auto industry experts say tha
Hyundai Mobis recorded the largest-ever overseas order receipts last year.The company announced on Jan 22 that it landed orders for auto parts worth US$1.7 billion from foreign automakers last year. "The figure only includes orders for core and technology-intensive parts, excluding large assembly mo
Hyundai Mobis and KT Corp. have teamed up to develop autonomous drive and connected car technologies based on fifth generation (5G) mobile telecommunications.The two companies launched a 5G telecommunications network at the Hyundai Mobis Driving Test Center in Seosan, South Chungcheong Province, on
Hyundai Mobis announced on Dec. 16 that it will show new technology related to future cars, including "virtual space touch technology" that recognizes a driver's hand gestures in the air, at the Consumer Electronics Show (CES) to be held in Las Vegas in January 2019.Hyundai Mobis' cutting-ed
Moody's Investors Service has changed the outlook on the ratings for Hyundai Motor Co. (HMC), Kia Motors Corp. and Hyundai Mobis Co. to negative from stable.At the same time, Moody's has affirmed the Baa1 issuer ratings of HMC, Kia and Hyundai Mobis, and the senior unsecured bond ratings of
Hyundai Mobis announced on October 24 that it has developed advanced adaptive driving beam (AADB), claiming to be the world's first vehicle part producer to develop the advanced technology, which is considered to be essential to future autonomous vehicles.With the advanced driver assistance syst
Hyundai Mobis has developed Korea's first short-range radar for autonomous vehicles with its in-house technology. The radar will be supplied to Korean automakers beginning in 2020.According to Hyundai Mobis, the short-range radar is part of the Blind-Spot Collision Warning (BCW) System. BCW is a
Hyundai Mobis will introduce three-dimensional (3D) game video and deep-running technology to improve the accuracy of an autonomous navigation sensor under development.Hyundai Mobis announced on September 16 that the company started to develop video technology for autonomous driving simulations base
The market is paying attention to the Hyundai Motor Group’s corporate governance reform plan again. Hyundai Motor Co. is expected to present a new reform plan in the third quarter at the earliest and around the end of the year at the latest.News spread on Aug. 8 that the automotive group would spin
Hyundai Mobis has introduced artificial intelligence (AI) and interactive search robot technology to software development. The company is seeking to boost its competitiveness in autonomous driving and connected cars by enhancing the speed of developing future automobile software.On July 22, Hyundai
Hyundai Mobis has broken through the milestone of 1 trillion won in sales of parts for eco-friendly cars such as hydrogen electric car. The auto parts supplier accomplished the feat in nine years since starting mass production of core components for hydrogen electric vehicles for the first time in t
Hyundai Mobis has developed a new material that can eliminate headlamp fog for the first time in the world, the company announced on June 24.The auto parts producer partnered with Initz, a subsidiary of SK Chemicals, to develop the new technology.The company has already begun to install its new head
Hyundai Motor Company is planning to increase the annual production capacity of its plant in Sao Paulo, Brazil from 180,000 vehicles to 220,000 this year.In a related move, the module manufacturing plant of Hyundai Mobis that is located next to Hyundai Motor plant is going to increase its annual pro
Samsung Electronics Co. ranked 14th in this year's Forbes Global 2000, up one notch from last year.Samsung was the only Korean company to make the top 100 list. Other Korean companies that made the Global 2000 included Hyundai Motor Co., which placed 147th, and SK hynix which ranked 200th. They