Hyundai Motor's automotive components manufacturing subsidiary Hyundai Mobis unveiled a new R&D centre for autonomous vehicles and related auto parts in Seosan in South Korea's Chungcheong Province.

The new KRW300bn (US$278m) R&D centre has been tasked with developing a range of sensors for autonomous vehicles by 2020 and to make Hyundai Mobis the world's leading autonomous driving technology company by 2025.

The supplier is already planning a wide reaching restructuring programme involving the spin-off of its module and aftermarket parts businesses and merge them with affiliate Hyundai Glovis.

Hyundai Mobis also wants to make autonomous driving technology a key profit generating business worth KRW11trn (US$10bn) in annual earnings by 2025.

Shareholders are set to vote on these changes and on a new streamlined management structure at a meeting to be held on 29 May. 

The company said it aims to mass produce five different radar sensors in partnership with two German companies by 2021, according to local reports. It currently has collaboration agreements with Germany's Smart Microwave Sensors and ASTYX.

Hyundai Mobis is currently testing one of its M.Billy self-driving experimental cars at Seosan, as well as in the US and in Germany. It said it has developed ultrasonic sensors in-house to an advanced stage and is also working with radar sensors that use radio waves to detect the distance and speed of vehicles in front or behind.

The company particularly wants to strengthen development of LiDAR (light imaging detection and ranging) camera sensor technology, used to measure distance, angle and size of an object using pulsed laser.