The company said the event was designed to strengthen communication and cooperation with key suppliers as it seeks to expand globally in the future mobility market. “Whether we have independent innovative technologies is the key standard that will determine the survival of all of us,” Hyundai Mobis President Lee Gyu Seok said. He added that suppliers, as well as Hyundai Mobis, need bold investment and early technology proposals.
Lee said the company would provide broad support and would practice horizontal communication and relationship-building as a “one team” working to open new markets.
Hyundai Mobis said it presented awards to 17 suppliers across 10 categories, including a grand prize, for areas such as quality, safety, new-vehicle development, purchasing and shared growth. The company said the event also focused on sharing strategy and vision and reviewing priorities such as quality management and industrial safety.
Hyundai Mobis said it has worked to build a cooperative system with suppliers since announcing its “seven beautiful promises” alongside a shared-growth master plan in 2010.
The company said it runs financial support programs, including a shared-growth fund and co-prosperity loans, and supports the full process from parts development to completion to help suppliers build technology capabilities. Over the past three years, Hyundai Mobis said it provided a total of 180 billion won to support new products and new technology development by domestic suppliers, and the number of patents jointly filed with suppliers has surpassed 850.
Last year, the company launched the “Mobius Bootcamp” to train software talent and connect participants to hiring by partner companies. Hyundai Mobis said the first cohort selected 300 people — 200 job seekers and 100 employees at partner companies — who are receiving specialized training in mobility software.
Hyundai Mobis said it paid about 150 trillion won in purchase payments to suppliers over the past three years through 2024. Based on those results, it was named a “top” company for seven consecutive years in the shared-growth index evaluation announced last year.
* This article has been translated by AI.
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