- Receives an order for front and rear chassis modules worth 2 billion dollars (around 2.5 trillion won)
- Planning to apply to the 2011 Jeep Grand Cherokee and Dodge Durango
- Receives the highest evaluation for quality, cost, technology, delivery, as well as partner company management
- The largest order to be received for a single part in the history of the Korean automotive parts industry
Hyundai MOBIS demonstrated its cutting-edge technological prowess to the world when it became the first in Korea to supply modules to the Chrysler Group, one of the big three automotive companies in North America, in 2006. The company has achieved yet another success. It reached an agreement with the Chrysler Group to supply modules that will be installed in two 2011 models that the Chrysler Group is preparing with great ambition.
Hyundai MOBIS (www.mobis.co.kr), the largest company in Korea to specialize in automotive modules and core parts, announced that it received an order from the Chrysler Group to supply front chassis and rear chassis modules amounting to around 2 billion dollars (around 2.5 trillion won) on September 2. In an open competition with other module suppliers, Hyundai MOBIS received the highest evaluation for module quality, cost, technology, and delivery, as well as partner company management.
Hyundai MOBIS will supply front chassis and rear chassis modules for the Jeep Grand Cherokee, which will be produced at a manufacturing plant of the Chrysler Group located in Detroit, Michigan (Jefferson North Assembly Plant; JNAP) starting from May 2010, as well as the Dodge Durango, which is scheduled for production in November.
The front chassis module that Hyundai MOBIS will supply to the Chrysler Group is a module that combines 11 unit parts, including the steering shaft, a steering device on the sub frame, the caliper, a braking device, and a brake disk. The rear chassis module has 11 unit parts assembled, including the frame, control arm, and spring & shock module.
These front and rear chassis modules of Hyundai MOBIS perform roles as the backbone, supporting the body of finished cars. They determine the level of comfortableness of passengers and substantially influence the "emotional quality" of a finished car. Similar types of modules have been employed in Korea for SUVs, such as the Sorento R.
Hyundai MOBIS plans to build a plant of around 150 thousand square feet and new production lines on a site spanning around 810 thousand square feet near the Chrysler Group's manufacturing plant, and commence pilot production in February 2010.
Managing Director and Head of Overseas Business Headquarters Lee Jun-hyeong took a leading role in the conclusion of the contract. He says, "This is a result of a thorough evaluation carried out by the Chrysler Group on the quality and technology of the complete chassis module that Hyundai MOBIS has been supplying for the Jeep Wrangler model since 2006. The company plans to exercise efforts to supply its modules to other finished car companies as well by spreading word about its cutting-edge modules."
In addition to modules, Hyundai MOBIS is focusing on the research, development, and export of core essential parts, from among parts that make up a module. Since receiving an order from the Chrysler Group in 2002 to supply a steering column, the company has been actively exporting core parts related to steering (steering column), braking (brake systems, such as ABS and ESC), safety (airbag), and lighting (lamp) to finished car companies such as Europe's Volkswagen and China's Huatai Automobile and Nanjing Automobile.