South Korea’s Hyundai Mobis has reaffirmed its commitment to advancing cutting-edge technology as it strives to become the world’s leading auto parts company. The company unveiled its new strategic vision aimed at transforming the automotive industry and expanding its presence in the global market.
Vision Declaration Event
On Wednesday, Hyundai Mobis held a vision declaration event at its research center in Yongin, Gyeonggi Province. The event was attended by approximately 300 executives and employees, including Chief Executive Officer Lee Gyu-suk, who outlined the company’s long-term objectives.
The newly introduced vision emphasizes three core themes: pioneering mobility innovation, expanding global customers, and limitless growth. These pillars are designed to drive Hyundai Mobis’ transformation into a global leader in automotive solutions.
Key Strategic Goals
Pioneering Mobility Innovation: The company is focused on securing breakthrough technologies to strengthen its leadership in software-defined vehicles (SDVs), human-machine interfaces (HMIs), electric vehicles (EVs), and chassis safety components. Hyundai Mobis aims to deliver advanced solutions that set new industry standards.
Expanding Global Customers: Hyundai Mobis has set an ambitious target of increasing its overseas revenue share from the current 10% to 40% by 2033. To achieve this, the company plans to refine its business structure, prioritizing profitability and strategic partnerships.
Limitless Growth: The vision underscores Hyundai Mobis’ commitment to continuous innovation and long-term expansion beyond its current markets. The company seeks to push the boundaries of automotive technology, ensuring sustained growth in the evolving industry landscape.
Commitment to Execution
CEO Lee Gyu-suk highlighted that establishing a vision is just the beginning of a transformative journey. He called for a company-wide effort to turn this vision into reality, emphasizing the need for collaboration and adaptability to achieve Hyundai Mobis’ ambitious goals.
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