You say electric cars and autonomous driving are the bosses? Why is the stock price like this [앤츠랩]

In one corner of Ants Lab, we always pay attention to the global mobility industry. This is because it is a level that is unmatched in other industries in terms of the scale, growth potential, technology, and job of the existing automobile manufacturing industry, including electric vehicles, autonomous driving, vehicle sharing, sensors, connectivity (infotainment), and security (cameras, etc.).

· This year is the first year of electric vehicles, only things that will improve in the future
· New car launches and overseas sales recovery, operating profit expected to increase 46% this year
· Corporate governance restructuring is at the peak, but the stock price is sideways

Hyundai Mobis is the core company of the Hyundai Motor Group’s future strategy. We make devices and parts related to autonomous driving, electric vehicles, infotainment, braking, steering, lamps, and safety. (We don’t make engines. That’s at Hyundai Motor’s Namyang Research Center..) Hyundai Motor Group (Hyundai, Kia, and Genesis) plans to release five more electric car models this year following the recently launched Ioniq 5. E-GMPWe have a unique electric vehicle platform called (Electric-Global Modular Platform).

Having our own electric vehicle platform is a big plus. In the conventional electric vehicle, the engine and fuel tank were removed from the internal combustion locomotive, and the battery and motor were placed in that place. An efficient indoor space can be created by using an electric vehicle platform such as E-GMP, and mass production is easy through modularization.

Among global automakers Only Volkswagen, GM, and Toyota have their own electric vehicle platforms.It is. The electric vehicle platform plays a vital role in leading the electric vehicle market so that Ford is buried in the Volkswagen platform and Honda in the GM platform.

Hyundai Motor Group plans to produce 1 million electric vehicles of 23 types by 2025 using E-GMP. The idea is to eat about 10% of the global electric vehicle market. Then, the Hyundai Mobis electrification division, which supplies motors, inverters, and integrated charging systems, is expected to grow rapidly. It is worth noting that this year is the first year of the Hyundai Motor Group’s electric vehicle production. Now is the beginning.

There is also a high potential for growth in the autonomous driving field. When it comes to autonomous driving, it’s easy to think of only the car moving even if the driver does nothing. However, the’automatic emergency braking system’ that operates when a collision risk is encountered, the lane keeping function, and the’advanced smart cruise control’ that automatically maintains the distance from the vehicle in front are all autonomous driving functions. Although these functions are still insignificant to the performance of Hyundai Mobis, there is a great potential in the future.

Hyundai Motor Group is a world-class autonomous driving company Abtiv(A spin-off from Delphi) and a joint venture with Robo Taxi at 50:50 MomentalWe also made (10% stake in Hyundai Mobis). A driverless call taxi is currently in pilot operation in Nevada, and if this is successful (the target is 2023), Hyundai Mobis sales will increase and the stock price will rise. Hyundai Mobis last year, through traffic control within the group, Hyundai OtronIt also acquired the automotive semiconductor division of. Robotics company famous for walking’robot dogs’ Boston Dynamics We also participated in the acquisition (20% stake in Hyundai Mobis). Robotics technology is expected to expand the technology domain of Hyundai Mobis by being used not only for autonomous driving, but also for delivery, smart factory, and rehabilitation medicine.

Although this is the first year of electric vehicle production, the Hyundai Motor Group continues to produce internal combustion locomotives as well. The sales of Hyundai Mobis are expected to rise as new car launches follow and overseas factories, which were closed due to the supply of corona vaccine, are fully operational. (Last year, it relied heavily on domestic demand.) Securities prices predict that Hyundai Mobis’ operating profit this year will increase by 46% compared to last year to KRW 2.68 trillion. In addition to the Hyundai Motor Group, Hyundai Mobis is also steadily increasing its supply to overseas automakers such as Stellaantis (Fiat Chrysler Peugeot), Mitsubishi, Subaru, and Mazda.

Hyundai Mobis also occupies an important position in the governance structure of the Hyundai Motor Group. In December of last year, an amendment to the Fair Trade Act, which changed the subject of the regulation of “affiliates with more than 30% of the total family members” to “affiliates with more than 20%” passed through the National Assembly, and Chairman Eui-sun Eui-seon’s stake in Hyundai Glovis (23.29). It is highly likely that this year’s governance restructuring, such as lowering %), will become visible. (I tried it in 2018 and it failed.)

The most promising governance reform plan By dividing Hyundai Mobis into the investment division and the module/A/S division, Chairman Eui-sun Eui-sun’s stake in Hyundai Glovis and the Hyundai Mobis module/A/S division are exchanged for Kia’s equity in the investment division of Hyundai Mobis. In this way, Chairman Eui-sun Eui-sun secures a sufficient stake in the investment sector of Hyundai Mobis, and resolves the controversy over circular investment and work. In the end, all these processes are based on the premise that Hyundai Mobis is at the top of the Hyundai Motor Group, and it can be done smoothly only when Hyundai Mobis goes well.

However, Hyundai Mobis shares are moving sideways due to the aftermath of the collapse of the Apple Car, which surged earlier this year, and the lack of other visible good news. In fact, the number of electric vehicles will steadily increase from this year, but there is no guarantee when only self-driving technology will lead to a rise in stock prices. Even if the readers of Anz Lab have made their minds toward long-term investment, looking at the stock price of Hyundai Mobis over the past 10 years, you will have a sigh. still There is no other way than long-term investment. Hyundai Mobis is definitely a good thing, but it is the 12th in the market cap and has a fairly heavy hip, so it doesn’t know when it will climb, but it seems that it needs to be bought steadily.

In conclusion, after 6 months:

I don’t know someday, but someday it will rise!
by. Ants Lab

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