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Open Innovation

Accelerating Open Innovation

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.

HYUNDAI MOBIS LAUNCHED ITS FIRST OPEN INNOVATION CENTER, MOBIS VENTURES, IN SILICON VALLEY IN THE U.S.A, AND BEGAN TO SOURCE AND EARNESTLY INVEST IN GLOBAL STARTUPS FEATURING NEW FUTURE CAR TECHNOLOGIES SUCH AS AUTONOMOUS DRIVING. HYUNDAI MOBIS LAUNCHED ITS FIRST OPEN INNOVATION CENTER, MOBIS VENTURES, IN SILICON VALLEY IN THE U.S.A, AND BEGAN TO SOURCE AND EARNESTLY INVEST IN GLOBAL STARTUPS FEATURING NEW FUTURE CAR TECHNOLOGIES SUCH AS AUTONOMOUS DRIVING.

OPERATING GLOBAL TECHNOLOGY SOURCING
BASES IN DIFFERENT AREAS

U.S.A.(Silicon Valley)
- Sourcing promising startups in autonomous driving and infotainment
- Predicting innovative technology trends
- Building startup networks

China (Shenzhen)
- Specialized technologies based on artificial intelligence
- Connectivity service for local models

Korea (Asia)
- Global open innovation headquarters
- Coordinating new businesses like autonomous driving and mobility service
- Building startup networks in major Asian countries

Israel
- Security, sensors, software platforms

Europe (Finland, Sweden, France, etc.)
- Mobility service and automotive parts

Progress of Open Innovation for Future Car Development at Hyundai Mobis

현대모비스 미래차 개발 오픈 이노베이션 현황 표
Korea China Russia U.S.A U.S.A
StradVision DeepGlint Yandex Aptiv Velodyne
Deep learning-based camera
sensor development
Development of high-
performance face recognition
technology using AI
Autonomous driving robo taxi development Fully autonomous driving
technology development
JV equity investment
(Hyundai Motor Group)
Level 3 autonomous
driving lidar mass
production development

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