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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Wia announced on the 21st that it will establish two production affiliates dedicated to manufacturing automotive modules and core parts in February next year.
Mobient, a module manufacturing affiliate, produces automotive chassis and platform modules, while Techgen, a component manufacturing affiliate, produces engines and speed joints. Hyundai Wia will operate with a 100% stake in the two companies. The number of employees is about 800 for Mobius and 1,500 for Techgen.
Hyundai Wia plans to build a flexible business environment and secure manufacturing expertise to respond to the rapidly changing mobility market environment. Problems related to the dispatch of subcontractor workers can also be solved.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
