[2021 주총] Hyundai Motor Group, Super Shareholder’s Day… Focus on the transformation of future cars and strengthening the justice line system

Major affiliates of the Hyundai Motor Group are launching full-fledged support fires to share the vision of Chairman Eui-sun Eui-sun’s future car transformation.

From the production of electric vehicle parts to assembly, transportation, etc., each company plans to take the lead in the group’s future car transformation through specialized businesses. Chairman Chung has selected eco-friendly cars, urban aviation mobility (UAM), and robotics as food for the future, and is driving hard.

◆ Shareholders of 5 subsidiaries including Hyundai Motor Company… Confirmed the business direction this year

According to the industry on the 24th, major subsidiaries of Hyundai Motor Group such as Hyundai Motor Company, Hyundai Mobis, Hyundai Glovis, Hyundai Wia, and Hyundai Rotem confirmed their business direction this year at the regular shareholders’ meeting and started to innovate in earnest.

On this day, reminiscent of the’Super Shareholders Day’, Hyundai Motor, the eldest of the group, revealed its future vision of taking the lead so that Chairman Chung’s willingness to transform into a future car can be realized quickly.

Eon-Tae Ha, President of Hyundai Motor Company, said, “We will successfully launch the group’s first dedicated electric vehicle’Ioniq 5’this year and provide new value to customers through the application of differentiated service packages.” We will also strengthen our business areas.”

Hyundai Motor plans to restore trust and enhance competitiveness through fundamental innovation in quality issues arising from the fire of its flagship electric vehicle’Kona EV’.

President Ha said, “We will focus on quality improvement activities such as implementing a vehicle replacement program with customer safety as the top priority, strengthening reliability-based development quality management, and securing quality specialized for eco-friendly vehicles.” Promised.

◆ Support for finished cars with differentiated quality from parts affiliated companies

Parts subsidiaries such as Hyundai Mobis also contribute to the group’s transition to future cars by securing differentiated competitiveness.

Hyundai Mobis President Cho Sung-hwan emphasized, “We will transform our business model into a technology company focused on software and platform to secure differentiated competitiveness.” “We will do our best to increase the future value of the company with a sense of great responsibility in the future.” .

As part of that, Hyundai Mobis changed the articles of incorporation to include the manufacturing and sales of aviation mobility parts and the manufacturing and sales of robots and robotic parts at the shareholders’ meeting on the same day. In addition, Chung Mong-koo, the honorary chairman of Hyundai Motor Group, resigned as the registered director of Hyundai Mobis and dropped all official titles within the group.

Another parts subsidiary, Hyundai Wia, also announced that it will keep pace with Chairman Chung’s vision.

Jae-wook Jung, President of Hyundai Wia, said in a greeting from the business report, “We will spur development of eco-friendly vehicle parts that will keep pace with’evolution of means of transportation’. We will thoroughly prepare to show a’gap’ in all areas such as quality.”

He added, “We will acquire advanced technologies through active collaboration and communication with global companies, and make products that lead the market.

◆Hyundai Glovis “We will do our best to transport future vehicles at the forefront”

Hyundai Glovis plans to focus on making sure there are no problems in the distribution of future vehicles such as electric vehicles, which are the forefront.

Hyundai Glovis President Kim Jung-hoon said, “We will actively discover business opportunities such as logistics and distribution of hydrogen, operation of electric vehicle-related charging stations, battery distribution, and performance information service platform in preparation for a future eco-friendly society.” We will try to lay the groundwork and produce tangible results.”

Hyundai Rotem also decided to add strength to the group’s sustainable management by securing core competencies in autonomous driving, hydrogen, and robots.

Lee Yong-bae, president of Hyundai Rotem, said, “We will expand investments in our main business and future fields to build a foundation for future growth.” In particular, the hydrogen business represented by hydrogen trams and vehicles, hydrogen infrastructure, robots, and autonomous driving have high potential for future growth. “We will accelerate securing core competencies in the three future business areas.”

Meanwhile, Kia, which ended the shareholders’ meeting on the 22nd, decided to take the lead in the transformation of future cars with Hyundai Motor Company through its future strategy’Plan S’. Kia President Song Ho-sung declared, “We will expand our market presence with the successful launch of our first dedicated electric car in July,” and “We will grow into an electric car tier 1 brand by having an electric car lineup across all car classes.”