Hyundai Mobis is actively pursuing open innovation to
further strengthen its competence and respond to
future needs.

We are cooperating with various partners, such as leading enterprises and
universities located domestically and abroad, and are actively working to find
competent start-ups to increase investments in them, and pushing ahead with M&A
with innovative ICT companies.

We established an open innovation organization in Korea in 2018, launched the
open innovation center, Mobis Ventures, in Silicon Valley in the U.S. In the first half of
2019, we expanded the research branch in Shenzhen, China into Mobis Ventures
and have since been operating it as our artificial intelligence-based specialized
technology sourcing base. Through strategic collaboration with Hyundai Cradle,
Hyundai Motor Company’s open innovation center, Mobis Ventures will source
promising tech startups in areas such as autonomous driving, connectivity,
artificial intelligence, big data and vehicle security, and invest in them.