Mobis

Mobis has signed a contract with Heesung Catalyst to build a next-generation manufacturing execution system (MES), valued at approximately KRW 1.279 billion. The contract runs until August 3, 2026.

MOBIS, a Hyundai supplier, broke ground on a $52 million expansion project in Montgomery, Alabama. The 460,000-square-foot building will produce parts for Hyundai and KIA, creating 27 new jobs.

Mobis held a groundbreaking ceremony for a new battery system assembly plant in Navarre, Spain, to supply Volkswagen. The plant is expected to start mass production in 2026 with an investment of 170 billion KRW (approx. EUR 120 million) by 2030.

Mobis announced it will merge with JAR Systems, a smart factory platform specialist, for a consideration of 2 billion KRW. The merger is aimed at entering new businesses and improving profitability.