Hyundai Mobis plans to boost sales to automakers outside its affiliated Hyundai Motor Group as part of a push to become one of the world’s top three automotive suppliers.
The South Korean parts maker targets increasing revenue from external customers to 40% of total sales by 2033, up from the current 10%. The company outlined plans to grow annual revenue by 8% through 2027 while improving operating margins to between 5% and 6%.
To achieve these goals, Hyundai Mobis will expand its electric powertrain offerings, including a new economical 120kW system priced 30% below current 160kW versions. The company is developing these systems specifically for smaller electric vehicles in Europe and India.
The supplier also aims to capture 10% of the global chassis safety market by 2030 through electronic brake and steer-by-wire systems. These products replace traditional mechanical components with electronic controls.
CEO Lee Gyusuk told investors in Seoul the company plans to boost its total shareholder return above 30% within three years, up from the current 20%. The improved returns will come through treasury share cancellations over the next three years.
On the environmental front, Hyundai Mobis committed to using 35% renewable energy by 2025 and achieving carbon neutrality across its supply chain by 2045.
