South Korean auto parts-maker Hyundai Mobis has secured $1.7 billion worth of overseas orders from foreign carmakers last year, marking a record on-year increase of 40 percent, the company said Tuesday.
Overseas sales of core auto components by the company have also shown rapid growth, having shot up from $500 million in 2015 to $1.2 billion in 2017.
The company has secured around 60 percent of its overseas orders — worth $1 billion — from electric vehicle manufacturers from China, US and Europe, it said.
The auto parts-maker under Hyundai Motor Group also secured the first batch of orders last year for its next-generation corner radar, used for semiautonomous driving, from a North American company.
The company has also received preorders for steering wheels with digital displays and smart lamps below the headlights that produce peculiar light-beam patterns, which are set to be commercialized for the first time in the world.
Hyundai Mobis plans to secure $2.1 billion worth of overseas orders this year, and to complete the development of core sensors for self-driving cars by next year.
By Cho Chung-un (email@example.com)