Hyundai Mobis

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Hyundai Mobis
현대모비스 주식회사
Public
Traded as KRX: 012330
Industry Automotive
Founded 1977; 41 years ago (1977)
Headquarters Seoul, South Korea
Area served
Worldwide
Key people
Mong-Ku Chung (CEO)[1]
Products Automotive parts, armored vehicles
Revenue US$ $32.11 billion (2015)[1]
Increase US$ 2.8 billion (2013)[2]
Increase US$ 3.3 billion (2013)[2]
Total assets Increase US$ 33.2 billion (2013)[2]
Total equity Increase US$ 19.5 billion (2013)[2]
Number of employees
7,612 (March 31, 2014)
Parent Hyundai Motor Group
Website www.mobis.co.kr

Hyundai Mobis (short for Mobile and System) is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation (Korean: 현대정공/現代精工) in 1977,[1] the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world’s No. 6 automotive supplier."[3]

History[edit]

Headquartered in Seoul, South Korea, it was founded on June 25, 1977[1] as Hyundai Precision & Industries Corporation. In 2000, the company changed its name to Hyundai Mobis. The company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors.[citation needed] In 2013, the company had revenue of US$ 33 billion.[2] As of 2014, it was "the world’s No. 6 automotive supplier" in Bloomberg.[3]

In May 2016, the company ranked #297 on the Forbes Global 2000, with a market cap of US $21.3 billion. [1] In 2015, it had revenues of $32.11 billion.[1]

Products[edit]

The company offers chassis, cockpit, and front-end modules; safety products, including airbags; headlights; anti-lock brake system and electronic stability control products; steering parts; multimedia systems; UVO systems; injection-molded plastic parts, such as instrument panels, carriers, and bumpers; and steel wheel rims and decks. It also supplies after-sales service parts for vehicles. Concentrating its resources on A/S parts sales, module parts manufacture and parts export, Hyundai MOBIS has firmly established its position as the leading auto parts specialist company.[citation needed]

Car production[edit]

In the 1990s, Hyundai Precision produced the Hyundai Galloper and Santamo cars at Ulsan plant next to Giant Hyundai motor complex . Hyundai motor Ulsan complex was at that time the world's single largest motor plant of 1.5 million units production capacity.

I.E 5 assembly plant of 300,000 car production annual capacity since 2000s, but production shifted to the Hyundai Motor Company in 1999.

See also[edit]

References[edit]

  1. ^ a b c d e f #297 Hyundai Mobis, Forbes, May 2016, retrieved March 1, 2017 
  2. ^ a b c d e "Hyundai Mobis Co Ltd (012330:Korea SE)". businessweek.com. Retrieved Sep 10, 2014. [permanent dead link]
  3. ^ a b John Lippert; Alan Ohnsman; Rose Kim (March 1, 2012). "Billionaire Chung Proving Hyundai No Joke Aiming for BMW". Bloomberg Business. 

External links[edit]