Potential offtaker

HYUNDAI MOBIS Co.,Ltd.

www.mobis.co.kr

Estimated electricity consumption

N/A

Countries of production presence

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Hyundai Mobis Co., Ltd. is a South Korean automotive engineering and technology company that specializes in the manufacturing of automotive parts and components. The company was founded in 1977 and is headquartered in Seoul, South Korea. Hyundai Mobis operates in various countries around the world, including the United States, China, Europe, and India.

The company's mission is to become a global leader in the automotive industry by providing innovative solutions that meet the needs of customers and contribute to the sustainable development of society. Hyundai Mobis is committed to decarbonization and reducing its carbon footprint by implementing sustainable practices in its operations.

One of the ways Hyundai Mobis is achieving its decarbonization goals is through the use of renewable energy. The company has implemented a corporate energy strategy that includes the use of renewable energy sources such as solar and wind power. Hyundai Mobis has installed solar panels at its manufacturing facilities in South Korea and China, which generate clean energy and reduce the company's reliance on fossil fuels.

In addition to using renewable energy sources, Hyundai Mobis has also implemented a corporate power purchase agreement (PPA) to further reduce its carbon footprint. A corporate PPA is a long-term agreement between a company and a renewable energy provider to purchase a specific amount of renewable energy. Hyundai Mobis has signed a PPA with a wind farm in South Korea, which will supply the company with renewable energy for the next 20 years.

Hyundai Mobis is also investing in research and development to develop new technologies that support decarbonization. The company is developing electric and hydrogen fuel cell vehicles that produce zero emissions and reduce the reliance on fossil fuels. Hyundai Mobis is also working on developing new battery technologies that are more efficient and have a longer lifespan.

Hyundai Mobis is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has implemented a waste reduction program that includes recycling and reusing materials in its operations. Hyundai Mobis has also implemented a water conservation program that includes the use of water-saving technologies and the recycling of wastewater.

Hyundai Mobis is also committed to social responsibility and has implemented various initiatives to support the communities in which it operates. The company has implemented a corporate social responsibility program that includes supporting education, health, and environmental initiatives. Hyundai Mobis has also implemented a volunteer program that encourages employees to participate in community service activities.

In conclusion, Hyundai Mobis Co., Ltd. is a South Korean automotive engineering and technology company that is committed to decarbonization and reducing its environmental impact. The company has implemented a corporate energy strategy that includes the use of renewable energy sources and a corporate PPA to further reduce its carbon footprint. Hyundai Mobis is investing in research and development to develop new technologies that support decarbonization, and has implemented various initiatives to support sustainability and social responsibility.