HL Mando Corporation (Formerly Mando Corporation)

Company Profile

■URL

https://www.hlmando.com/en/main.do

■Address

32, Hamanho-gil, Poseung-eup, Pyeongtaek-si, Gyeonggi-do, korea

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.

-The company consists of the following three business segments

Segment	Business
Brakes	Manufacturing of brake systems including ABS (anti-lock brake system), TCS (traction control system), MBS (mechanical brake system), EPB (electric parking brake), ESC (electronic stability control), and AHB (active hydraulic booster). In addition to Korean OEMs, the company supplies products to GM, BMW, Renault, VW, and Fiat.
Steering	Manufacturing of EPS (electric power steering) and HPS (hydraulic power steering). In addition to Korean OEMs, the company supplies products to GM, Renault, Nissan, and others.
Suspensions	Manufacturing of ECS (electronically controlled suspension), mono-tube type suspension, DFD (dual flow damper) HCD (hybrid conventional damper), and SDC (Smart Damping Control).

-In September 2022, the company changed its name to HL Mando.

Shareholders

(As of Dec. 31, 2023)

Main Shareholder	Investment ratio (%)
Halla Holdings Corp.	30.25
National Pension Public Corporation	9.99
Others	59.76‬
	100.00

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Products

Brake System
-Caliper brakes
-Drum brakes
-Master cylinder and boosters
-ABS (anti-lock brake system)
-ESC (electronic stability control)
-AHB (active hydraulic booster)
-EPB (electric parking brake)
‐EMB (Electro mechanical brake)
-IDB2 Base (Integrated dynamic brake)
-IDB2 HAD (Integrated dynamic brake for highly autonomous driving)
-MGH-100AD
-Premium mono block caliper

Steering System
-Steering gear systems
-Manual steering gears
-Hydraulic power steering gears
-Intermediate shafts
-Steering columns
-EPS (Electric power steering)
-C-EPS (Column type electric power steering)
‐R-EPS (Rack type electric power steering)
-DP-EPS (Dual pinion type electric power steering)
-BN-EPS (Ball-nut type electric power steering: SteeRex)
-STO (Steering torque overlay)
-RWS (Rear wheel steering)
-ELTT (Electric lower tilt and telescopic column)

Suspension System
-Damper spring modules
-Shock absorbers
-Suspension struts
-Self-levelizers
-Semi-active suspensions
-SDC (Smart damping control)

Driver Assistance System
-SCC (smart cruise control systems)
-LKAS (lane keeping assist systems)
-Smart parking assist systems
-Blind spot detection systems
-Autonomous emergency braking systems

Electronics & Iron Casting
-Power Packs
-Yaw & G Sensors
-Ultrasonic Sensors
-Torque Sensors
-Torque Angle Sensors
-77GHz/24GHz Radars
-Front Camera Modules

EV Solutions
‐Steer by wires
-Brake by wires
-Smart frequency dampers
-Hydraulic compression stop
-Smart damping controls
-FDC (Fuel cell DC-DC converter)
-OBC (On-board charger)
-V2L (Vehicle to load)
-e-Drive

Autonomous driving solutions)
-Forward radar
-Corner radar
-In-vehicle radar
-High-resolution forward camera
-In-vehicle radar
-3D scanning LiDAR
-Autonomous driving integrated controller
-Autonomous Parking integrated controller
-Autonomous driving software
-Autonomous emergency braking & steering
-Lateral support system
-Speed assist system
-Adaptive cruise control (ACC)
-Lane centering assist system (LCS)
-Highｗay assist (HWA)
-Highway pilot (HWP)
-Remote parking assist
-Rear-autonomous braking
-Surround view monitoring
-Vehicle braking controller
-Vehicle steering controller
-Virtual engine sound system
-4D imaging radars
-Long range radars
-Middle range radars
-Front cameras
-Electronic Stability Control
-Integrated dynamic brake

Automotive Electronics Solutions
-Virtual engine sound system
-Reduction catalyst controller
-Fuel pump controller
-Torque/Torque angle sensor

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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 an 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.