Hyundai Motor Group's auto parts arm unveiled its plan during Mobi Mobility Day in Silicon Valley, where it shared its technological advancements and vision with business partners.
Michelle Yun, an executive at Mobis Ventures Silicon Valley, a company founded in the region to foster startups with cutting-edge technologies, said the company plans to expand its investment in EV parts in 2024, Yona news agency reported. Is. ,
He said such projects would constitute about 70 percent of its total investments, a sharp increase from the current 50 percent.
Yun also said that although demand for EVs in the global market has slowed temporarily, the industry will eventually move towards eco-friendly cars.
However, the official did not give detailed information about the amount of investment.
Yun said the company will also expand investment in automotive chips, stressing the importance of securing a stable supply chain of semiconductors in the wake of recent supply shortages.
He said Hyundai Mobis is looking to invest not only in startups but also in listed companies.
Meanwhile, the company noted that it will significantly reduce the amount of investment in self-driving technologies due to the limitations and costs of realizing full autopilot systems.
Michelle Yun, an executive at Mobis Ventures Silicon Valley, a company founded in the region to foster startups with cutting-edge technologies, said the company plans to expand its investment in EV parts in 2024, Yona news agency reported. Is. ,
He said such projects would constitute about 70 percent of its total investments, a sharp increase from the current 50 percent.
Yun also said that although demand for EVs in the global market has slowed temporarily, the industry will eventually move towards eco-friendly cars.
However, the official did not give detailed information about the amount of investment.
Yun said the company will also expand investment in automotive chips, stressing the importance of securing a stable supply chain of semiconductors in the wake of recent supply shortages.
He said Hyundai Mobis is looking to invest not only in startups but also in listed companies.
Meanwhile, the company noted that it will significantly reduce the amount of investment in self-driving technologies due to the limitations and costs of realizing full autopilot systems.
