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Hyundai Mobis Outlines Value-Up Strategy at CEO Investor Day

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Aiming for 8% Annual Revenue Growth and Operating Margin of 5~6% by 2027!

– Held the 2024 CEO Investor Day on the 19th … Targeting 40% of global OE sales in auto component manufacturing by 2033

– Focusing on securing leading technological competitiveness and improving business structure centered on profitability to achieve a TSR of over 30%

– Strengthening high-value lineups such as EMB and SBW utilizing electrical signals to attain a 10% global chassis safety market share by 2030

SEOUL, South Korea, Nov. 19, 2024 /PRNewswire/ — Hyundai Mobis is embarking on improving its business structure centered on profitability, leveraging its leading global technological competitiveness. Through this initiative, the company has presented its mid-to-long-term business objectives to achieve an average annual revenue growth of 8% and an operating margin of 5~6% by 2027. Specifically, by 2033, Hyundai Mobis aims to increase the global automaker customer share in its auto component manufacturing sector from the current 10% to 40%. Based on this growth, the company also plans to achieve a Total Shareholder Return (TSR) of over 30%, thereby pursuing a balanced and proactive shareholder return policy.

On the 19th, Hyundai Mobis hosted the 2024 CEO Investor Day at the Fairmont Hotel in Yeouido, Seoul, with investors, analysts, and credit-rating agents in attendance. Lee Gyusuk, President and CEO of Hyundai Mobis, unveiled the company’s mid-to-long-term growth direction and comprehensive strategies. The event proceeded with each fundamental division explaining their execution plans to achieve the strategic goals.

Expanding to Achieve an Average Annual Revenue Growth of 8%, Operating Margin of 5~6%, and TSR of Over 30% by 2027

Firstly, Hyundai Mobis declared its intention to raise the average annual revenue growth rate to over 8% by 2027, marking the company’s 50th anniversary. For profitability, the company set a target operating margin of 5~6%. By maintaining the sales growth that has driven the company’s external expansion and bringing the operating margin back on track, Hyundai Mobis presented an aggressive goal to balance revenue and profitability.

Notably, the large-scale investment projects carried out in recent years have translated into revenue growth, making the company reduce cost burdens and enter the recovery cycle. President Lee Gyusuk emphasized, “With revenue growth becoming substantial around high-value core components, we anticipate qualitative growth based on profitability,” adding, “Leveraging our leading technological competitiveness, we will expand the global automaker sales share in the auto component manufacturing sector to 40% by 2033, propelling us to become a top three automotive supplier.”

Hyundai Mobis is committed to balancing business growth with shareholder return policies. On this day, the company announced plans to expand its current TSR of 20% to over 30% within the next three years. TSR represents the total return shareholders expect over a specific period, considering dividends and share buybacks or cancellations. As part of this initiative, Hyundai Mobis revealed plans to cancel its currently held treasury shares over the 3 years.

The Dual Pillars of Value-Up: Securing Leading Technological Competitiveness and Enhancing Business Structure Centered on Profitability

Hyundai Mobis’s strategy to secure market-leading technological competitiveness is based on its efficient response to the mobility trend of Software-Driven Vehicles (SDV), grounded in electrification.

Firstly, in the electrification sector, Hyundai Mobis plans to consolidate its leadership by proactively developing optimized products that meet market demands, such as Extended Range Electric Vehicles (EREV) and Economical Electric Powertrain (e-PT) systems. The EREV, aimed at addressing the transitional phase of electric vehicle adoption, is currently undergoing design verification and evaluation, with mass production targeted for the end of 2026.

The company is also proactively enhancing the stability of its battery systems to prepare beyond the chasm phase. Concurrently, Hyundai Mobis has announced plans to expand its lineup of e-PT systems, a core technology in the electrification business. By next year, the company intends to develop an economical 120kW e-PT system, which is priced at approximately 70% of the current 160kW systems dominating the electric vehicle market. This development targets concentrated efforts in small EV-centric markets such as Europe and India. Additionally, the 250kW e-PT system for large EVs is in the final stages of development, and the company is actively pursuing orders from premium global automakers.

In the electronics sector, Hyundai Mobis focuses on providing innovative solutions that encompass both hardware and software, such as integrated control platforms and unified infotainment systems, enabling flexible responses to SDV demands.

Within the chassis/safety sector, the company is strengthening its high-value product lineup with electronic braking systems (EMB) and steering systems (SBW), replacing mechanical components with electrical signals. This focus aims to position Hyundai Mobis as a leading player in the next-generation solutions market. President Lee Gyusuk stated, “Based on this enhanced competitiveness, we aim to achieve a 10% global market share in the chassis safety sector by 2030.”

Hyundai Mobis plans to optimize its business portfolio by categorizing it into growth businesses (electrification and electronics) and stabilization businesses (modules, chassis, safety, lamps, and service components). Growth businesses will concentrate on securing technology and expanding market presence, while stabilization businesses will focus on enhancing profitability.

Achieving Carbon Neutrality Including Supply Chain by 2045 … Continuously Expanding ESG Management

At the event, Hyundai Mobis announced its commitment to ESG management, aiming to realize mobility through responsible innovation and clean technology. The company plans to achieve a 35% renewable energy transition rate by 2025 and increase the sustainability audit rate of its manufacturing sites to 100% by 2025 and its component sites by 2027.

Hyundai Mobis will also enhance the transparency of its decision-making processes. From 2025 to 2027, the company will disclose the results of external evaluations related to board management, thereby expanding communication with stakeholders.

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SOURCE Hyundai Mobis

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Deye’s Micro Hybrid ESS: A New Era of Compact, Efficient Power

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Suitable for on-grid, off-grid and portable use96.5% DC-AC conversion efficiency1000W rated power AC charge/discharge1600W high-power PV input4ms on-grid/off-grid switch

NINGBO, China, Jan. 12, 2025 /PRNewswire/ — At Deye, we believe in redefining the way customers experience energy—whether customers are seeking reliable backup power for their home or exploring the great outdoors. Today, we’re proud to introduce the Deye Micro Hybrid Energy Storage System, AE-F(S)2.0-2H2, a game-changing innovation that brings intelligent, flexible, and portable energy solutions to customers’ fingertips.

The Deye Micro Hybrid ESS is an all-in-one system that combines an energy storage micro-inverter, battery modules, and a Battery Management System (BMS) into one compact unit. Designed with the modern lifestyle in mind, this system offers seamless integration with customers’ home and outdoor activities, offering intelligent monitoring and power management 24/7 via Lora smart communication and an easy-to-use APP monitoring interface. With 6,000 cycle life, the system is designed for a 10-year service life, and also comes with a 5-year warranty for added assurance.

1. Plug-and-Play Simplicity

With its minimalist design, the Micro Hybrid ESS is a true plug-and-play solution. It offers multiple output ports, meeting the diverse energy needs of various devices simultaneously, whether at home or in the great outdoors. Equipped with two MPPTs and a high PV power input of 1600W, it can be paired with over 99% of photovoltaic panels on the market, offering maximum flexibility.

2. High-Performance, Low Noise

The Micro Hybrid ESS is engineered for high performance. Featuring a 2kWh LFP battery, the system can expand up to 10kWh for extended power supply. Whether users need emergency backup at home or are camping off the grid, this system guarantees ultra-low noise during use thanks to its fanless design, making it the perfect companion for both residential and outdoor settings.

3. A Greener Future in Every Mode

The Deye Micro Hybrid ESS is designed for smart energy management with three intuitive modes:

Green Power Mode: Uses solar energy first to power your home, then charges the battery with any leftover. If more power is needed, the battery supplements the shortfall and sells excess power to the grid under the guarantee of the set SOC, thereby minimizing reliance on purchased electricity.TOU(Time-of-Use) Mode: Allows you to optimize energy consumption based on time-of-use pricing, buying electricity during off-peak hours and using or selling it back during peak hours.Full Charge Mode: Acts as a backup power source during emergencies, ensuring your home stays powered during outages or extreme weather events.

4. Empower Existing Systems to New Heights

The Micro Hybrid ESS features a unique AC coupling function that easily upgrades existing balcony micro-inverter systems. It could ensure no energy waste from the exsiting systems while meeting power needs during nighttime or outages.

It also supports Deye Smart loT System for further enhancement. When quipped with Deye Wireless Smart CT for Zero Export, this system could enhance its percentage of self-consumption. And if equipped with Deye Smart Plug, the system could realize 24-hour time-zone intelligent control of whole-house power equipment on and off.

5. Compact, Powerful, and Versatile: Ideal for Every Lifestyle

The Deye Micro Hybrid ESS is designed with flexibility in mind. Whether you’re someone seeking a reliable home backup power solution or simply an outdoor enthusiast, an RV traveler, this system is built to meet your needs. Its compact size—occupying less than 1/4 square meter—makes it an ideal solution for small apartments or spaces where every inch matters. With an IP65 rating and capable of operating in extreme temperatures from -10°C to 50°C, it’s ready to perform in all weather conditions.

The Deye Micro Hybrid Energy Storage System is not just about today; it’s about tomorrow. Technology may not give meaning to people’s life in a direct way, but this Deye new innovation could empower people to explore the distant places they long for. With green energy by customers’ side and electricity at their command, let the Deye AE-FS2.0-2H2 Micro Hybrid Energy Storage System be customers’ charging station for every step of their journey.

 

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SOURCE Deye

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NYP Launches New Studio Devoted To Cutting-Edge New Media Technologies

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The facility features industry-grade virtual production, preparing learners for an industry estimated to grow 14.7 per cent each year and be worth US$10.07 billion globally by 2032.

SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Nanyang Polytechnic (NYP) unveiled its BeyondReality Studio, a one-stop playground of emerging immersive media technologies.

Virtual Production is an exciting and rapidly evolving field that combines traditional filmmaking techniques with cutting-edge digital technology. It involves the use of computer-generated imagery (CGI), augmented reality (AR), motion capture, and other technologies to create realistic environments and effects on virtual sets.

What you can expect in a virtual production studio:

LED Volume Walls: These replace traditional green screens, allowing real-time visualisation of virtual sets. This technology was notably used in “The Mandalorian”.Camera Tracking System: Allows the virtual environment to synchronise dynamically with the camera movements to achieve a realistic and immersive experience.Unreal Engine: A powerful real-time 3D creation platform that enables photorealistic rendering and real-time adjustments.

The global virtual production market is projected to reach US$10.07 billion by 2032[1]. This growth is driven by the increasing demand for high-quality visual effects in movies, TV shows, and commercials, as well as the rising adoption of virtual production technologies in the gaming industry. Major players like Disney, Epic Games, and ILM (Industrial Light & Magic) are heavily investing in virtual production. Disney, for instance, has extensively used LED video walls for in-house shoots, significantly reducing the need for on-location filming.

The Asia-Pacific region, particularly China, Japan, and South Korea, is also seeing rapid growth due to rising investments in the entertainment industry.

NYP’s investment in this state-of-the-art facility underscores its commitment to preparing students for the future. The BeyondReality Studio will provide students with unparalleled opportunities to develop skills in CGI, augmented reality, motion capture, and more, ensuring they are well-equipped to meet the demands of the entertainment and gaming industries.

The 2,500-square-feet virtual production facility features 24 professional motion capture cameras for high precision full-body performance capture, a large curved green screen cyclorama for greater versatility and illusion of depth, and an LED volume wall and floor for the most authentic replications of virtual environments.

The studio prepares students for the future of media production, offering opportunities to work with Extended Reality (XR), Virtual Production (VP), Augmented/Virtual Reality (AR/VR), Metaverse and Web 3.0, as well as Generative AI.

The studio boasts numerous firsts in Singapore’s visual and audio production scene:

NYP is the first and only Institute of Higher Learning (IHL) in Singapore to feature advanced LED volume technology. These skills have also been identified as emerging skills in the Infocomm Media Development Authority’s (IMDA) refreshed Skills Framework for Media.The BeyondReality Studio is the only studio in Singapore that features a unique 3-in-1 setup of motion capture, green screen, and LED volume virtual production all under one roof. NYP will be the first polytechnic to receive the official certification of a Dolby Atmos 7.1.4 Surround Audio Studio – to supplement the audio productions in the BeyondReality Studio – ensuring that soundtracks produced within the studio can be accurately reproduced worldwide, at the highest quality.

The studio also references Hollywood-standards, while ensuring space optimisation and creating conducive learning experiences. The studio’s LED volume wall is optimised for mid-to-close shots, making it an ideal training environment and the perfect size suitable for local productions. This allows industry partners to explore and experiment with innovative technologies and streamline production workflows.

Mr Albert Lim, Director at NYP’s School of Design & Media, said: “We are focused on equipping our students with more than just qualifications – we want to prepare them with the emerging skills required for them to stay at the forefront of media production, whether for further studies or career growth. With our new BeyondReality Studio, our students will learn what it takes to create their very own next-gen immersive masterpiece.”

Students across different disciplines in NYP will also get to work together on real-life virtual production projects. School of Business Management students can manage production shoots through set operations, scripting, and scheduling, while School of Design & Media students create virtual assets and integrate them into live environments using tools like Unreal Engine – an industry-leading 3D creation software. This collaborative approach equips our learners with relevant experience in working across teams on large-scale projects.

Final-year Diploma in Animation, Games & Visual Effects student, Choy Yu Feng, will be getting hands-on with the new facility in his final semester. “Virtual production is really up and coming, it will be very useful for me when I graduate with experience in these new technologies and some skills under my belt. I think it will help me stand out,” he said.

Creative media professionals can also take on a plethora of courses – from short courses to specialist diplomas – to upskill and reskill themselves in emerging immersive media technologies.

The BeyondReality Studio will be officially opened by Senior Minister of State, Ministry of Digital Development and Information, Tan Kiat How, on 24 Jan 2025.

-END-

About Nanyang Polytechnic

Established as an institution of higher learning in 1992, Nanyang Polytechnic’s (NYP) academic schools offer quality education and training through 37 full-time diploma courses and common entry programmes. NYP also has a full suite of Continuing Education and Training (CET) options for lifelong learning, ranging from specialist and advanced diplomas to SkillsFuture-supported modules and courses. NYP’s Asian Culinary Institute Singapore and the Singapore Institute of Retail Studies are CET institutes set up in partnership with SkillsFuture Singapore (SSG) to champion and transform Singapore’s F&B and retail sectors, respectively. A third NYP CET institute – the National Centre of Excellence for Workplace Learning – also set up in collaboration with SSG, will spearhead the development of progressive workplace learning strategies and programmes for companies here.

[1] Source: Fortune Business Insights, “Virtual Production Market Size, Share & COVID-19 Impact Analysis,” https://www.fortunebusinessinsights.com/virtual-production-market-107105

 

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SOURCE Nanyang Polytechnic

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GWM HYDROGEN-FTXT Delivers 406 Hydrogen Fuel Cell Sanitation Vehicles

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BAODING, China, Jan. 13, 2025 /PRNewswire/ — On January 10th, the first batch of 406 hydrogen fuel cell sanitation vehicles equipped with GWM HYDROGEN-FTXT’s hydrogen power system were officially delivered to customers, marking the successful implementation of GWM HYDROGEN-FTXT’s first “hundred-unit level” hydrogen sanitation vehicle demonstration application scenario in Baoding, China.

This batch of hydrogen sanitation vehicles includes three main models: hydrogen sweeping and washing vehicles, hydrogen cleaning vehicles, and hydrogen high-pressure flushing vehicles. They were jointly developed by GWM HYDROGEN-FTXT in collaboration with three well-known Chinese commercial vehicle manufacturers – Changzheng, Yutong, and Dongfeng. All vehicles are equipped with GWM HYDROGEN-FTXT’s self-developed commercial vehicle fuel cell system and hydrogen storage system. Compared to electric sanitation vehicles, they have significant advantages such as faster fuel replenishment and better adaptability to high and low-temperature environments. It only takes 5-8 minutes to complete hydrogen refueling, and a single refueling allows for continuous operation of over 10 hours.

This delivery is another large-scale, mass-application demonstration scenario of hydrogen fuel cell vehicles implemented by GWM HYDROGEN-FTXT in China, following the world’s first hundred-unit level 49-ton hydrogen heavy-duty truck demonstration application scenario. These vehicles will act as “mobile air purifiers” to support the low-carbon circular development model of “waste-free city + green hydrogen”, and create a benchmark for the application of hydrogen sanitation vehicles in China.

At present, the number of hydrogen energy vehicles equipped by GWM HYDROGEN-FTXT that have been launched in the Chinese market has reached the thousand-unit level.

Follow the website of FTXT for more information: http://en.ftxt-e.com/

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SOURCE FTXT

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