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    A012330   KR7012330007

HYUNDAI MOBIS CO.,LTD

(A012330)
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End-of-day quote Korea Stock Exchange  -  05-18
195000.00 KRW   -3.23%
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Hyundai Mobis Introduces Its Folding and Unfolding Steering System

10/11/2021 | 04:00am EDT

Hyundai Mobis Co.,Ltd announced on 11th that it has developed foldable steering system technology that enables the folding and unfolding of a steering wheel. This technology is receiving attention as an innovative technology that is optimized for future mobility vehicles as it can allow for more space in the driver's seat and bring about design innovation. The Hyundai Mobis foldable steering system features a steering wheel that can move forwards and backward up to 25cm. The development of the technology approximately took two years for completion as it is a wholly new technology that has never been globally commercialized before, with the company currently filing patents globally. To develop this system, Hyundai Mobis designed new core parts of a steering system, including a column and a reaction force control device, and applied a sliding rail mechanism, securing system durability and reliability. The system enabled the application of assorted designs, including a storage type where the steering wheel can be retracted into the dashboard, as well as the foldable one. This means that an innovative driver's seat, which would only be able to see in future concept cars at a motor show, is now coming closer to being on the road. The new foldable steering system is also perfectly compatible with the Steer by Wire (SBW) steering system the company had developed before. The SBW system controls steering with electrical signals by connecting the steering wheel with a device designed to deliver the steering force generated from the steering wheel to the wheels. The SBW system enables the provision of optimal steering performance on the various driving conditions and minimizes the vibrations that come from a rumble strip or a speed bump to the steering wheel, allowing the driver to drive in a comfortable and stable manner. Besides, the redundancy design of some core electronic parts, such as sensors and ECU in the system, ensures that the vehicle is capable of maintaining normal steering in an emergency. Hyundai Mobis plans to actively respond to the self-driving car market and the future mobility market, including PBV, by further improving its competitiveness with various future technologies, such as the foldable steering system. It also plans to promote the foldable steering system as a major export item.


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All news about HYUNDAI MOBIS CO.,LTD
05/13Hyundai Mobis, Germany's Vector Sign Deal to Develop Future Mobility Platform
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05/12Hyundai Mobis and Vector Signs A Strategic Partnership for Software Platform Developmen..
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05/09Global Auto Parts Makers Resume Work in Shanghai Despite Lockdown
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Financials
Sales 2022 48 111 B 38,0 B 38,0 B
Net income 2022 2 565 B 2,02 B 2,02 B
Net cash 2022 8 032 B 6,34 B 6,34 B
P/E ratio 2022 7,18x
Yield 2022 2,45%
Capitalization 17 754 B 14 015 M 14 015 M
EV / Sales 2022 0,20x
EV / Sales 2023 0,16x
Nbr of Employees 10 269
Free-Float 64,9%
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Number of Analysts 22
Last Close Price 195 000,00 KRW
Average target price 280 454,55 KRW
Spread / Average Target 43,8%
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Managers and Directors
Eui-Sun Chung Chairman & Co-Chief Executive Officer
Hyung-Geun Bae Director & Head-Finance
Joon-Wu Choi Head-Legal & Compliance Support
Dae-Su Kim Independent Director
Brian D. Jones Independent Director
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