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Hyundai Mobis will invest 10 trillion won over the next three years to secure competitiveness in electrification and autonomous driving.

Hyundai Mobis will invest 10 trillion won over the next three years to secure competitiveness and retire 150 billion won worth of treasury stocks to enhance shareholder value. Chung Eui-sun, chairman of Hyundai Motor Group, was reappointed as an inside director of Hyundai Mobis.

The company laid out its future growth investment plan and shareholder return policy on Feb. 14.

It plans to invest up to 10 trillion won by 2025 — 5 to 6 trillion won, an increase of about 2 trillion won from the previous plan, in electrification and core parts and 3 to 4 trillion won in autonomous driving, advanced driver assistance systems (ADAS) and software.

Under the plan, Hyundai Mobis will secure 5 trillion won in cash to respond to economic downturns and crises. It is planning to secure additional financial resources to support future investments, as available cash has decreased due to continuous research and development (R&D) and investments in overseas production bases.

Hyundai Mobis will also enhance shareholder value through share buybacks. It plans to boost stock prices in the mid- to long-term by investing in promising future mobility sectors such as software and semiconductors while flexibly operating shareholder return policies such as dividends, treasury stock purchases and cancellation. It will purchase treasury stocks worth 150 billion won this year and retire all of them.

Hyundai Mobis plans to seek a shareholder approval of its plan to pay a dividend of 4,000 won including interim dividends per share at the shareholders’ meeting in March. The dividend amount is the same as last year’s.



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