Hyundai Mobis (KRX 012330) announced on the 15th that it has developed the world's first urban Advanced Driver Assistance System (ADAS) called the Mobis Parking System (MPS), which integrates Narrow Space Assistance (NSA), Reverse Assistance (RA), and Remote Smart Parking Assistance (RSPA). With the MPS, the car is able to drive itself through a narrow street by avoiding obstructions, drive through the revolving gate of an underground parking lot, or drive backwards at a dead end where two cars are facing each other. All these are made possible at the press of a button. Hyundai Mobis developed this technology using its own software logic and mass-produced ultrasonic sensors. This technology is based on the fact that, while RADAR and LiDAR sensors are useful for recognizing objects located far away or in high-speed driving, ultrasonic sensors are rather more suitable for narrow streets or underground parking lots. The ultrasonic sensors recognize objects over a short distance, while the software logic and the control system perform self-driving. One of the core technologies of this system is Narrow Space Assistance (NSA). The car needs only 16 inches of extra space on both sides to drive through a narrow street by itself. Another core technology is Reverse Assistance (RA). It records the car's travel route on a real-time basis and creates the reverse route by itself at the press of a button. The steering wheel and vehicle speed are controlled automatically. Aside from the MPS, various other technologies for safety and convenience have been integrated into the system, thereby further enhancing the competitiveness of the driver assistance solution. The Remote Smart Parking Assistance (RSPA) system is capable of parking a car at a right angle or in parallel by finding an empty space when the driver is out of the car and presses the remote. 3D Surround View Monitor (SVM) provides a better parking experience by showing the area 360 degrees around the car three-dimensionally. Rear-autonomous Emergency Braking (R-AEB) is also noticeable. Hyundai Mobis will preemptively suggest global automakers to apply related technologies. The application scope will be expanded to purpose-built vehicles (PBV) as well as large SUVs whose popularity is now growing rapidly.