[서울=뉴스핌] Reporter Kim Joon-hee = Hanwha Investment & Securities raised expectations on Mando on the 23rd, saying, “The Chassis business will diversify its clients and expand its expansion in Europe.”
Mando announced on the 22nd that it has won an order for suspension parts (50 million units, 12.5 million units in total) worth KRW 1.4 trillion from Volkswagen (hereinafter referred to as VW). The supply period is from the second half of 2022 to 2033, and the expected annual sales are estimated to be around 130 billion won.
 |
| [로고=만도] |
Park Joon-ho, a researcher at Hanwha Investment & Securities, said, “As of 2020, the proportion of sales to VW in Mando is less than 1%, and the supply of brake parts is focused.” “The supply begins.”
Researcher Park said, “Mando is considering a plan to increase items as electric equipment or target Chinese VW using this as a reference.” I can see it,” he explained.
He added, “There is a possibility to execute CAPEX accordingly in the future, but it should be noted that the need for expansion has emerged despite the slowdown in the quantitative growth of the industry.”
It is reported that VW plans to use one of its chassis plants in Germany for its own production of battery cells. Accordingly, Researcher Park identified that the outsourcing volume related to this was coming out and that this order from Mando was also achieved. He said, “Because OEMs are focusing on responding to CASE while minimizing cost expenditures, items that are non-core parts from the standpoint of OEMs are highly likely to be outsourced in the future.”
Researcher Park said, “In the case of this order, it is difficult to say that the ASP per unit is high. This seems to be because Mando’s willingness to build a reference in VW has led to competitive bidding.” “VW, an EV OEM, has emerged as a major customer.”