Hyundai Mobis Exceeds Order Target with $9.17 Billion from Global Automakers
$9.17 billion
23%
$11.84 billion
What Happened
- $7.45 billion
- $9.17 billion
- $11.84 billion
Orders were driven by large-scale electrification components, expanded supply of high-value electronic components, and market penetration in China and India. Hyundai Mobis secured orders from major North American and European customers for Battery Systems Assembly (BSA) and chassis modules, and advanced HMI products from another North American customer.
“While uncertainty in the external business environment is expected to persist this year, we plan to step up our order-acquisition efforts and surpass last year’s performance by leveraging our core competitiveness in electrification and electronic components.”
Why this matters
This shows Hyundai Mobis is gaining traction with global automakers for electrification and electronic components, even as the EV market slows.
Terms in This Story
- Battery Systems Assembly (BSA)
- A key component of electric vehicle battery packs that integrates battery modules, cooling, and control systems.
- HMI
- Human-Machine Interface; display systems that provide driving information through communication between humans and vehicles.
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