Hyundai Mobis has outlined a bold strategy to transform its business model, emphasizing profitability and leveraging its cutting-edge technological strengths. The company announced plans to achieve 8% annual revenue growth and an operating margin of 5-6% by 2027.
By 2033, Hyundai Mobis seeks to expand its share of global automakers’ original equipment (OE) auto component market from 10% to 40%. Alongside this growth, it aims to deliver a Total Shareholder Return (TSR) exceeding 30%, underscoring its commitment to balanced and proactive shareholder policies.
During the 2024 CEO Investor Day in Seoul, President and CEO Lee Gyusuk presented the company’s roadmap for achieving these targets. He highlighted how recent large-scale investments in high-value core components have fueled revenue growth, setting the stage for Hyundai Mobis to recover its cost base and enhance profitability. By positioning itself as a top-three global automotive supplier, Hyundai Mobis aims to lead the market in advanced mobility solutions.
Hyundai Mobis plans to strengthen its competitive edge by focusing on Software-Driven Vehicles (SDVs) and electrification. The company is developing innovative products, including Extended Range Electric Vehicles (EREVs) and cost-effective electric powertrain (e-PT) systems, with mass production of the EREV slated for late 2026.
It is also expanding its e-PT lineup to include systems tailored for small and large EVs, catering to markets like Europe and India. Hyundai Mobis aims to maintain leadership in battery system stability and pursue high-value contracts with premium automakers.
In the electronics segment, Hyundai Mobis is advancing integrated control platforms and infotainment systems to meet SDV demands. For chassis and safety, it is investing in next-generation technologies such as electronic braking systems (EMB) and steer-by-wire (SBW) solutions, targeting a 10% global market share in the sector by 2030.
Hyundai Mobis will optimize its operations by categorizing its activities into growth areas (electrification and electronics) and stabilization areas (modules, chassis, safety, lamps, and service components). Growth areas will focus on innovation and market expansion, while stabilization areas aim to enhance profitability.
The company also reaffirmed its commitment to ESG principles, targeting carbon neutrality across its supply chain by 2045. It plans to achieve a 35% renewable energy transition rate by 2025 and ensure sustainability audits cover 100% of its production sites by 2027. Through these measures, Hyundai Mobis seeks to align responsible innovation with clean mobility technologies, reinforcing its position as a leader in the evolving automotive landscape.
