Hyundai Mobis wins over 1 trillion won (USD 830 million) of global orders for advanced auto lamps

 

Hyundai Mobis is expanding export of a high value-added product, automotive lamps, despite the COVID-19 pandemic, which has had a negative effect on the global market.

Hyundai Mobis aims to win more deals from global automakers with a differentiated strategy for building a competitive advantage by developing cutting-edge lamp technology for future mobility.

On February 24 Hyundai Mobis announced that it has logged over KRW 1 trillion (approx. USD 830 million) worth of orders from global automakers just in the automotive lighting sector, which has been driven by diversifying the customer base in the global market, including customers such as a European automaker and new EV makers.

Last year, Hyundai Mobis won global deals worth USD 2.5 billion (approx. KRW 3 trillion) with an extensive product portfolio ranging from core parts to electronic units. About one third of the exports consisted of lamps, high value-added products.

Hyundai Mobis is also strengthening its competitiveness in the global automotive lighting market with its development of next-generation lamp technology. Starting with new challenges in the latest lamp technology, such as lamps that work with ADAS, a slimmer and differentiated design, together with controller integration, the company will continue to focus on developing high-end products that reflect the elements that are specialized in future mobility.

Leading examples are the development of the HD head lamp system that shows road information and a digital lamp system. These systems are centered around realizing a lamp technology that enables the driver to communicate through lamps and are expected to preempt future trends towards autonomous driving.