Hyundai Mobis Expands Open Innovation to Shanghai

Hyundai Mobis is broadening its global open innovation strategy to encompass the Asian market, specifically Shanghai, China. On October 14th, the company hosted an event known as Mobis Mobility Day (MMD) in Shanghai, inviting local promising companies, finished vehicle manufacturers, and investment institutions. Approximately 300 industry officials converged at the event, which centered on robotics and physical AI, reflecting a strong interest in Hyundai Mobis' technological direction.

Shanghai was chosen by Hyundai Mobis as its new hub for open innovation due to the region's excellent manufacturing infrastructure, robust supply chain capabilities, and a high concentration of research and development clusters. This provides an optimal setting for identifying promising partner companies.

The event saw a significant turnout of Chinese finished vehicle officials, executives from leading robotics industry companies, and global investment institution operators. Following a recent announcement about Hyundai Mobis securing orders for humanoid actuators, it is believed that numerous meeting requests from local officials followed.

Hyundai Mobis' open innovation process unfolds in three stages: discovering partner companies with excellent new technologies, conducting a proof of concept (PoC) through joint or independent technology development, and finally achieving final commercialization through strategic cooperation. This Shanghai event marks the company's plan to accelerate the establishment of a global robotics innovation network based on these outcomes.