By Hyundai Mobis, South Korea’s top auto parts maker, has announced plans to boost its investment in electric vehicle (EV) components and automotive semiconductors this year. The announcement was made during the Mobis Mobility Day in Silicon Valley, where the company showcased its technological advancements to business partners.
Investment Focus
- EV Components: Hyundai Mobis aims to expand its investment in EV parts, with these projects accounting for 70% of total investment, up from 50%. Despite a temporary slowdown in global EV demand, the company expresses confidence in the industry’s shift toward eco-friendly vehicles.
- Automotive Chips: Recognizing the importance of securing a stable semiconductor supply chain amid recent shortages, Hyundai Mobis will also invest in automotive chips. The specific investment amounts were not disclosed.
Strategic Vision
Hyundai Mobis’ commitment to innovation and sustainable mobility positions it as a key player in shaping the future of the automotive industry. As the world transitions toward electric and connected vehicles, the company’s increased funding underscores its determination to lead in EV technology.