Hyundai Mobis has been selected as one of General Motors' Suppliers of the Year. It is the first time the company has received the award since it began supplying GM in 2010 and the recognition clearly means a lot to the supplier as it seeks to diversify its customer base and win more business around the world.
General Motors (GM) selects 3,000 first-tier companies as Suppliers of the Year in ten product categories that range from chassis to powertrains. The carmaker evaluates product quality and innovation, among other criteria.
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Hyundai Mobis was recognised in the vehicle component sector, along with 15 other suppliers. Hyundai Mobis supplies GM with integrated center stacks (ICS), which play a key role in controlling cars' multimedia and climate control functions. It also provides GM with an automatic occupant sensor that detects whether a passenger is inside a car and a type of parking brakes.
Hyundai Mobis said it supplied auto parts worth some US$1.1bn so far to GM. Its components are used in many different types of cars, including large SUVs and family sedans.
Hyundai Mobis said the title of GM's core parts supplier will help it win fresh orders, particularly in parts for technologically advanced vehicles, in the United States and other markets.
In 2018, the company expects to win US$7bn worth of orders globally on the back of higher demand from China. The order target is up from US$6bn achieved last year.
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