HL Mando Corporation (Formerly Mando Corporation)
Company Profile
■URL
https://www.hlmando.com/en/main.do
■Address
Business Overview
-Mando is a Korean parts manufacturer of brakes, steering, suspension, and ADAS-related products. The company is a major player in Korea following the Hyundai Group (Hyundai Mobis, Transys, and WIA) and Hanon Systems.
-In September 2022, the company changed its name to HL Mando.
-To ensure a stable operating structure, we are diversifying our customer base beyond Hyundai and Kia to include GM, Ford, and OEMs in China, Europe, and India.
-The company consists of the following three business segments
| Segment | Products | Business |
| MDS | Steering | The Company manufactures manual steering gears, hydraulic power-steering gears, intermediate shafts, steering columns, column-type electric power steering (C-EPS), rack-type electric power steering (R-EPS), steering torque overlays, rear-wheel steering, and other components. In addition to Korean OEMs, the company supplies products to GM, BMW, Renault, VW, Fiat, and others. |
| Brakes | ABS (anti-lock brake system), ESC (electronic stability control), AHB (active hydraulic booster), IDB (Integrated Dynamic Brake), wheel speed sensor | |
| RCS1 | Brakes | Manufactures brake corner modules, calipers, drum brakes, master cylinders & boosters, electric parking brakes (motor-on-caliper), proportioning valves, and more. In addition to Korean OEMs, the company supplies products to GM, Renault, Nissan, and others. |
| RCS2 | Suspensions | The company manufactures shock absorber suspension systems, strut suspension systems, and Smart Damping Control (SDC) systems. SDC and advanced suspension products are primarily being equipped on the Genesis lineup as well as flagship models from Hyundai and Kia. |
HL Klemove
‐HL Klemove was launched in December 2021 as a company whose main businesses are autonomous driving, automotive electronics, and mobility platforms. The company manufactures and develops radar, cameras, and LiDAR for recognition, and control units for judgment in autonomous driving.
Shareholders
| Main Shareholder | Investment ratio (%) |
| HL Holdings | 30.25 |
| Chung Mong-won | 0.01 |
Products
Chassis Product
Brake
-Electronic Brake
- EMB (Electro Mechanical Brake)
- IDB2 Base(Integrated Dynamic Brake)
- IDB2 HAD
- MGH-100AD
-Electronic Parking Brake
- MoC (Motor on Caliper)
-Foundation Brake
- Caliper Brake
- Premium Mono-Block Caliper
Steering
-Electric Power Steering
- C-EPS (Column Type)
- R-EPS (Rack Type)
- DP-EPS (Dual Pinion Type)
- BN-EPS (Ball-Nut Type)
- STO (Steering Torque Overlay)
- RWS (Rear Wheel Steering)
-Mechanical Steering
- Column(ELTT: Electric Lower Tilt & Telescopic Column))
- IMS (Intermediate Shaft)
- Rack & Pinion Gear
Suspension
-Electronic Suspension
- SDC (Smart Damping Control)
- AMS (Active Motion control System)
-Mechanical Suspension
- Shock Absorber
- DSM (Damper Spring Module)
- Self Levelizer
EV Solution
By-Wire
-Brake by Wire
-Steer by Wire
EV Suspension
-SFD (Smart Frequency Damper)
-HCS (Hydraulic Compression Stop)
-SDC (Smart Damping Control)
SW Solution
-MiCOSA
-PHM (Prognostics and Health Management)
-HyperPrediction
- Real-Time Tire and Road Monitoring
- Protective Safety Actions
- Stability Assistance on Low-Traction Surfaces
- Connected Hazard Communication
- Easy Installation and Maintenance
Autonomous Driving Solution
Sensor, DCU *(HL Klemove’s product)
-Forward radar
-Corner radar
-In-Cabin radar
-High-Resolution Front Camera
-In-Vehicle Camera
-3D Scanning LiDAR
-Autonomous Driving Controller Unit
-Autonomous Parking Controller Unit
-Autonomous Driving Software Full Stack
-Vehicle Brake Controller
-Vehicle Steering Controller
-Acoustic Vehicle Alert System
-Selective Catalytic Reduction
-Fuel Pump Controller
-Torque / Torque Angle Sensor
Redundant Architecture
-Redundant Steering
-Redundant Brake
History
| Oct. 1962 | The Company was established. |
| Feb. 1980 | The Company changed the Company name to Mando Machinery Corporation. |
| Mar. 1988 | The Company set up a brake system plant in Pyeongtaek. |
| Aug. 1988 | The Company set up a steering system plant in Wonju. |
| Dec. 1993 | The Company and Robert Bosch established a 50-50 joint venture company, Korea Automotive Motor Corporation (KAMCO). |
| Oct. 1994 | The Company established Autoventure Mando Sdn. Bhd. (A.V.M) in Malaysia. |
| Sep. 1995 | The Company set up a suspension system plant in Iksan. |
| Oct. 1996 | The Company established Maysan Mando Otomotive Parcalari Sanayi Ve Ticaret A.S. in Turkey. |
| Sep. 1997 | The Company established Mando Brake Systems India Private Ltd. in India. |
| Dec. 1999 | The Company adopted a new name, Mando Corporation. |
| Oct. 2000 | The Company established Autoliv-Mando jointly with Autoliv of Sweden. The new joint venture is capitalized at 10 million US dollars, of which 35 percent was provided by the Company and 65 percent by Autoliv. |
| Jan. 2001 | The Company sold airbag business to Autolive Mando. |
| Jul. 2001 | The Company started supplying steering columns to Ford. |
| Nov. 2001 | The Company started supplying brake systems to DaimlerChrysler. |
| Jul. 2002 | The Company sold module business to Hyundai Mobis. |
| Jul. 2002 | The Company established Mando (Suzhou) Automotive Chassis System Co.,Ltd. in China |
| Oct. 2002 | The Company established Mando (Harbin) Automotive Chassis System Co.,Ltd. in China. |
| Nov. 2002 | The Company established an R&D center in Giheung, Korea. |
| Jan. 2003 | The Company established Mando (Beijing) Automotive Chassis System Co.,Ltd. in China. |
| Jun. 2003 | The Company established Mando (Beijing) Automotive Components R&D Center Co.,Ltd. in China. |
| May. 2004 | The Company established Mando America Corporation Alabama in Alabama, U.S.A. |
| Jul. 2004 | The Company succeeded in developing Electronic Stability Program (ESP) independently for the first time in Korea. |
| Dec. 2004 | The Company established Mando (Tianjin) Automotive Parts Co.,Ltd. in China. |
| Jul. 2005 | The Company established Mando Beijing R&D Center Shanghai branch office in China. |
| Jul. 2005 | The Company established Mando Softtech India in India. |
| Apr. 2006 | The Company was chosen as "Supplier of the year 2005" by GM. |
| Sep. 2006 | The Company received the Q1 Award from Ford. |
| Jan. 2007 | The Company transferred a 35 percent share it held in Autoliv-Mando to its joint venture partner, Autoliv of Sweden. |
| Mar. 2008 | Halla Engineering& Construction Corp. acquired the majority shares in the Company from Sunsage B.V. The Company thereby rejoined the Halla Group for the first time in nine years. |
| Mar. 2008 | The Company established Halla Stackpole Co., Ltd. through a joint investment with Stackpole Ltd. of Canada. |
| Jul. 2008 | The Company established Halla Stackpole (Beijing) Automotive Co., Ltd. in China. |
| Oct. 2008 | The Company established Mando-Hella Electronics Corp. through a joint investment with Hella KGaA Hueck & Co. of Germany. |
| Jul. 2009 | The Company was awarded a contract to supply brake calipers to the Peugeot Citroen Group, winning its first business from a European automaker. |
| May. 2010 | The Company was listed on the Korea Exchange. |
| Jan. 2011 | The Company established Mando (Ningbo) Automotive Parts Co., Ltd. through a joint investment with Geely of China. |
| Jan. 2011 | The Company established Mando-Brose Corporation in Korea through a joint investment with Brose of Germany. |
| May. 2011 | The Company established KYB-Mando do Brasil Fabricante de Autopecas S.A. in Brazil through a joint investment with KYB of Japan. |
| May. 2012 | Mando Corporation de Brasil (MCB) completed plant construction. |
| Sep. 2012 | The Company established the Mando Global R&D Center. |
| Nov. 2013 | The Company acquired 80.0 percent in DSP-Weuffen GmbH of Germany. |
| Sep. 2014 | Completed a holding company reorganization by company division. |
| Jul. 2015 | The Company established Mando Corporation Mexico. |
| Dec. 2015 | Mando (Beijing) Automotive Chassis System Co., Ltd. absorbed Mando (Harbin) Automotive Chassis System Co., Ltd. |
| Jul. 2016 | The Company established an R&D Center in India. |
| Mar. 2017 | Established R&D center in Silicon Valley in the USA |
| Mar. 2021 | Acquired 100% of the shares of Mando Hella Electronics Co., Ltd. |
| Oct. 2021 | Wholly owned subsidiary Mando Hella Electronics Co., Ltd. changed its name to HL Klemove Co., Ltd. |
| Dec. 2021 | Mando Mobility Solutions Co., Ltd. was split off and integrated into HL Klemove Co. |
| Sep. 2022 | The company changed its name to HL Mando. |
| Apr. 2025 | Completed plant 2 of HL Klemove (Suzhou) Co., Ltd. |
Supplemental Information 1
>>> Business Report FY ended Dec. 31, 2006
>>> Business Report FY ended Dec. 31, 2007
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>>> Business Report FY ended Dec. 31, 2019
>>> Business Report FY ended Dec. 31, 2020
>>> Business Report FY ended Dec. 31, 2021
>>> Business Report FY ended Dec. 31, 2022
>>> Business Report FY ended Dec. 31, 2023
>>> Business Report FY ended Dec. 31, 2024
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss



Japan
USA
Mexico
Germany
China (Shanghai)
Thailand
India