Key Hyundai affiliate aims to muscle into electric vehicle market as longtime suppliers turn to outsiders

Key Hyundai affiliate aims to muscle into electric vehicle market as longtime suppliers turn to outsiders

As Tesla Inc accelerates the shift to electric cars, Hyundai Motor's loyal suppliers have increasingly turned to "outsiders" for parts - but now the South Korean carmaker's own supply company, Mobis, is plunging into the game. Hyundai Mobis is in talks with two global automakers to supply electrified parts, its executive told Reuters, as it hopes to boost volume and lower prices.



August 25, 2020 at 09:28AM