An infographic shows Hyundai Motor Group’s three key future mobility affiliates -- HMG Global, Motional and Supernal -- along with their book values and accumulated equity-method losses as of the first quarter. Graphic by Asia Today and translated by UPI
May 29 (Asia Today) -- Hyundai Motor Group's three core future businesses -- robotics, autonomous driving and advanced air mobility -- have recorded more than 2.2 trillion won, or about $1.5 billion, in accumulated losses over the past five years, company filings showed.
The losses are widely seen as the result of large-scale upfront investments aimed at securing leadership in the future mobility market. Despite the losses, Hyundai has begun to show visible progress in robotics and autonomous driving, raising expectations for long-term growth.
According to the Financial Supervisory Service's electronic disclosure system, Hyundai Motor Co.'s book value in key future business affiliates stood at 4.41 trillion won, or about $2.9 billion, as of the first quarter.
The total included 2.72 trillion won, or about $1.8 billion, in HMG Global, 1.49 trillion won, or about $990 million, in Motional and 197.5 billion won, or about $131 million, in Supernal.
