Drivers of Koran manufactured vehicles will be able to get Electronic Stability Program (ESP) at a lower price, as a domestic auto parts maker reportedly has begun local production.

According to the Korea Times, Hyundai Mobis, an auto parts arm of the Hyundai Automotive Group, said on Monday it has begun supplying ESP, the most advanced driving dynamics system available, to Hyundai Motor for its new Sonata mid-sized sedan, which will be introduced to the market next month.

Through technical cooperation with German auto part maker Bosch, Mobis has become the first domestic manufacturer to produce the ESP, Mobis reportedly said.

Previously, some Korean luxury sedans, including Hyundai Motor’s Equus 450 model, have been equipped with an imported ESP.

Mobis began commercial production of the ESP after completing the construction of an ESP plant with an annual production capacity of one million units last December.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mobis plans to provide new vehicles by Hyundai Motor and Kia Motors with the system in the future, the paper said.