Hyundai Mobis CEO Cho Sung-hwan emphasized securing competitiveness in the future mobility business on Jan. 17, saying, “We will continue to strengthen our software-related capabilities.”
CEO Cho stressed the transition from an auto parts supplier to a 'mobility platform supplier' at the 'CEO Town Hall Meeting' held at the Mabuk Technology Research Center in Yongin, Gyeonggi Province, and focused on securing software technology, which is the core of it.
In particular, CEO Cho said, "Securing competitiveness in the future mobility business is the most important thing. We will increase the number of orders for core parts by 10% compared to the previous year and actively seek to secure new business development capabilities such as urban air mobility (UAM) and robotics."
A new slogan, 'The one for all mobility', was also unveiled. An official from Hyundai Mobis explained, "Its purpose is to clarify the value and image that the company is aiming for internally and externally."
Earlier this month, Hyundai Mobis announced a leap forward as a company specializing in mobility that provides an integrated platform centered on software at CES 2023, the world's largest consumer electronics and information technology (IT) exhibition held in Las Vegas, USA earlier this month.
As the two pillars that will support the improvement of the business constitution, 'reinforcement of profitability-based management' and 'preemptive risk response' were mentioned.
Although the global economic slump is deepening, he emphasized the need for a 'change in thinking' to use this as an opportunity to improve business fundamentals and strengthen substantial management.
This year's management policy has been compressed into 'talent-centered', 'autonomous execution,' and 'leading the future'. "We will actively support talent development and growth through diversification of recruitment strategies and rational system operation," said CEO Cho.
Chung Eui-sun, chairman of Hyundai Motor Group, also emphasized the improvement of organizational culture, such as strengthening up-and-down communication, at the group's New Year's meeting on Jan. 3.