Hyundai Mobis strengthened its profitability by increasing its operating profit for the third quarter of this year by 17.2%. Starting next month, it will produce prototype actuators for Boston Dynamics' humanoid robot 'Atlas,' expanding its robotics business.
Hyundai Mobis said Friday that it recorded revenue of 15.7233 trillion won and an operating profit of 914.1 billion won in the third quarter of this year. Compared to the same period last year, revenue and operating profit increased by 4.6% and 17.2%, respectively. Net income for the period decreased by 35.7% to 598.4 billion won.
Sales from the electrification business increased as electric vehicle volumes grew, centered on the European market. Improvements in product lines also contributed, with the module and core components business recording a surplus for the second consecutive quarter. The after-sales service parts business was affected by results due to increased global sales, favorable exchange rates, and reduced tariff burdens in some countries.
Hyundai Mobis also disclosed its strategy to expand its robotics core components business during its earnings release on the same day.
First, starting next month, it will produce prototype actuators for Boston Dynamics' humanoid robot Atlas at its Uiwang Research Institute in Gyeonggi Province. It plans to verify performance and reliability with customers in line with the expected supply timing of 2028. It is also pursuing performance improvements through product standardization and modularization.
Actuators are core drive components that move a robot's joints. Hyundai Mobis is expanding its motors, reducers, and control technologies accumulated in the automotive parts field into robotics components.
In addition to actuators with confirmed orders, it is also pursuing the internalization of technology for other robotics core components such as hand grippers, perception modules, and controllers. The strategy is to secure various humanoid manufacturers as customers by broadening its product lineup.
It will also expand related organizations. Hyundai Mobis plans to establish a new organization to expand its robotics core components portfolio and increase related personnel by approximately two times compared to the current level. It will also build a collaborative system connecting customer response, product planning, research and development, and production technology.
Hyundai Mobis is also increasing its research and development investment. It expects its annual R&D investment for this year to exceed 2 trillion won for the first time.
A Hyundai Mobis official said, "We expect to continuously increase orders in the global market by strengthening our technological competitiveness in core mobility business areas such as electrification and electronic components."
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