2024 Sustainability Report Published
Over 3,000 Patents Related to Future Mobility
Among the 8,000 patents Hyundai Mobis has filed over the past three years, 40% are related to future mobility technologies. In particular, Hyundai Mobis is focusing on the eco-friendly vehicle sector, including electric vehicles, steadily strengthening its research and development capabilities.
According to Hyundai Mobis' Sustainability Report on the 25th, the company filed 8,001 new patents from 2021 to 2023, the most recent three years. Of these, about 3,000 patents, accounting for 40%, were core future car technologies such as electrification, autonomous driving, and connectivity.
Among the approximately 3,000 future car technology patents, the eco-friendly vehicle sector accounted for more than 30%. Over the past three years, 950 patents were recorded in the eco-friendly vehicle field, including electrification. In 2022, the number of patent applications in the eco-friendly vehicle sector was around 210, but last year it more than doubled to 448. Patents were obtained related to battery temperature control systems for electric vehicles, integrated management systems for low and high voltage batteries, and communication methods.
Hyundai Mobis invested about 1.6 trillion KRW in research and development last year alone. It established a comprehensive electrification research center in Uiwang, Gyeonggi Province, and is expanding new production bases both domestically and internationally. In the first half of this year, Volkswagen is building a new factory in Spain to supply battery systems (BSA), and a dedicated electric vehicle module factory is being established in Ulsan, Korea. Production bases for electrification parts are also being set up in North America and Indonesia, preparing for operation in the second half of this year.
In this Sustainability Report, Hyundai Mobis expressed a concrete commitment to ESG (Environmental, Social, and Governance) practices. It selected eight key ESG topics: ▲climate change response ▲energy use management ▲product circularity ▲supply chain sustainability management ▲product safety and quality assurance ▲corporate culture, and included management status for each area.
This report was structured with reference to new global reporting standards and expanded disclosure areas using consolidated data including overseas business sites and domestic subsidiaries. For the first time this year, third-party verification was obtained not only for greenhouse gas emissions from domestic and international business sites but also for supply chain greenhouse gas emissions in the climate crisis response area.
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