Hyundai Mobis continues to achieve strong performance in its electrification business as it embarks on a significant transition to a robotics components company.
The company announced on October 30 that it recorded sales of 15.7233 trillion won and an operating profit of 914.1 billion won for the third quarter of this year. These figures represent increases of 4.6% and 17.2%, respectively, compared to the same period last year. However, net profit fell by 35.7% to 598.4 billion won.
The growth in sales from the electrification business, driven by increased electric vehicle volumes in the European market and improvements in product mix, has led to two consecutive quarters of profitability for modules and core components. Additionally, the aftermarket parts segment performed well due to rising global sales, favorable exchange rates, and reduced tariff burdens in some countries.
During a conference call to discuss the results, Hyundai Mobis unveiled its strategy to become a leading provider of robotics core components. Starting next month, the company will produce prototype actuators for Boston Dynamics' humanoid robot, Atlas, at its research facility in Uiwang, Gyeonggi Province. Actuators serve as the joints of the robot.
In anticipation of the expected supply date in 2028, the company will collaborate with clients to validate performance and reliability. Hyundai Mobis is continuously improving performance through product standardization and modularization.
In addition to the confirmed actuator orders, the company is also working to secure technology for other key components, including hand grippers, perception modules, and controllers. This expansion of the product portfolio aims to diversify its customer base among various humanoid robotics companies.
A Hyundai Mobis representative stated, "We plan to establish an organization dedicated to diversifying our robotics core components portfolio and to double our related workforce. We will strengthen our collaborative system to connect all processes from customer response to product planning, research and development, and production technology swiftly and organically."
* This article has been translated by AI.
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