SUBARU TO ENTER CAPTIVE FINANCE BUSINESS IN CANADA - PR Newswire Canada

Hyundai Mobis posted consolidated revenue of 31.8852 trillion won (approximately $23.9 billion) in the first half, of which sales from Hyundai Motor and Kia accounted for 23.7591 trillion won (approximately $17.8 billion), or roughly 74.5%. While overseas revenue reached 55.6% of the total, much of this stems from supplying local affiliates, which is distinct from genuine customer diversification. Following the sale of its lamp business, the company is focusing on electrification, electronics, automotive semiconductors, and robotics while expanding orders from non-affiliated automakers. The after-sales service business, due to its high profitability, relies on close ties with group vehicles as a core competitive strength. Hyundai Mobis is shifting its business focus toward high-value segments such as electrification, electronics, automotive semiconductors, and robotics after divesting its lamp business. However, analysts note that a revaluation of the company's worth requires not only product sophistication but also an expansion of its customer base.

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