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    A012330   KR7012330007

HYUNDAI MOBIS CO.,LTD

(A012330)
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Hyundai Mobis Succeeds in Developing the Next-Generation Automobile Wheel Technology

10/25/2021 | 04:18am EST

Hyundai Mobis has succeeded in developing the next-generation automobile wheel technology that is regarded as the core technology for future urban mobility. It is a dream technology that allows 90-degree rotation parking and in-place rotation. It is also essential for making PBVs (Purpose Built Vehicles). Hyundai Mobis announced its success in the development of new technology, the e-corner module, which integrates the steering, braking, suspension and driving systems into a wheel. This new technology shifts the paradigm of an automobile to use the mechanical axis to connect the steering wheel. It is also recognized as the core technology for future smart city mobility. The concept of the e-corner module was first unveiled at the 2018 CES. This time though, Hyundai Mobis has successfully redefined the concept for its practical use on the automobile and has developed an ECU for control and has also completed the functional testing. Once it is done with reliability verification and a feasibility study on mass production, Hyundai Mobis will begin undertaking mass production orders from global car makers for its application. The biggest advantage of the e-corner module is that it does not require any mechanical connection between parts, which thereby allows a better use of space within vehicle. Not only does it make it easier to change the wheel base, but it also ensures much more flexibility in designing the direction of doors and the size of the vehicle. It is essential for making PBVs that are designed to provide mobility services, for example for caf?s and hospitals. Of particular note is that it has evolved from traditional 30-degree rotation. Now, it allows 90-degree rotation of the wheel when needed, for example parking and enables crab (sideways) driving and zero-turn, which means rotation without moving forward or backward. It is also expected to increase the agility of a vehicle running through the narrow streets of the city and accordingly improve the urban driving environment. The e-corner module is an advanced technology that not many have had much success with regarding its mass production at a global level. Hyundai Mobis however has managed to successfully develop this, with the requirements being to combine the steering, braking, suspension and driving systems into one wheel while at the same time, ensuring driving safety.Unlike other auto parts manufacturers that make specific parts, Hyundai Mobis is capable of developing key parts that are used in vehicles including steering, braking, connectivity and electrification parts and it is seen that the synergy between these parts has been helpful in developing the e-corner module.


ę S&P Capital IQ 2021
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Financials
Sales 2021 40 752 B 34,2 B 34,2 B
Net income 2021 2 448 B 2,06 B 2,06 B
Net cash 2021 9 052 B 7,60 B 7,60 B
P/E ratio 2021 9,13x
Yield 2021 1,90%
Capitalization 21 670 B 18 228 M 18 203 M
EV / Sales 2021 0,31x
EV / Sales 2022 0,26x
Nbr of Employees 10 269
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Number of Analysts 27
Last Close Price 238 000,00 KRW
Average target price 335 740,74 KRW
Spread / Average Target 41,1%
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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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