Hyundai Kefico Corporation

Company Profile

■URL

http://www.hyundai-kefico.com/en/main/main/index.do

■Address

102, Gosan-Ro, Gunpo-Si, Gyeonggi-Do, Korea

Business Overview

-The Company is a manufacturer of engine control units and transmission control units in the Hyundai Motor Group.

-The Company was founded as a joint venture among Hyundai Motor, Robert Bosch and Mitsubishi Electric in 1987. In 2012, the Company became a wholly-owned subsidiary of Hyundai Motor Group and changed its corporate name to Hyundai Kefico Corporation.

-Percentage breakdown of sales by customer.

(In KRW 100 million)

Customer FY ended Dec. 2016 FY ended Dec. 2015 FY ended Dec. 2014 Remarks
Sales Percentage Sales Percentage Sales Percentage -
Hyundai Motor Company 3,287 18 2,903 18 3,502 22 -
Kia Motors Corp 2,539 14 2,321 15 2,456 16 -
Hyundai Glovis 3,329 19 3,097 19 2,952 19 -
Other Same-Group Companies 2,948 16 2,131 13 2,044 13 Hyundai Mobis, Hyundai WIA, Hyundai Powertech, etc.
KEFICO Automotive Systems (Beijing) Co., Ltd. 5,562 31 5,330 33 4,365 28 -
Others 402 2 322 2 308 2 -
Total 18,067 100 16,104 100 15,627 100 -

Shareholders

(As of December 31, 2016)

Major Shareholder Interest Ratio (%)
Hyundai Motor Company 100.00
Total 100.00

Products

Engine Management Systems
-Engine control units
-Powertrain control units
-Oxygen sensors
-MAP(Manifold Absolute Pressure) sensors
-Throttle position sensors
-Crankshaft position sensors
-Air flow sensors
-Camshaft position sensors
-Fuel tank position sensors
-Injectors
-Idle speed control actuators
-Purge control solenoid valves
-Air fuel module systems
-Delivery pipe modules
-Electronic modules

Transmission Management Systems
-Transmission control units
-Speed sensors
-Inhibitor switches
-VFS solenoid valves
-On/Off solenoid valves

Hybrid Management Systems
-Hybrid control units
-Motor control units
-Battery management systems

Fuel Cell Vehicle Management Systems
-Fuel cell control units
-Stack voltage monitors
-Battery management systems
-Hydrogen storage systems control units
-Conductivity sensors

Electric Vehicles Management Systems
-Electric vehicle power control units
-Battery management systems

Others
-Electronic control units for 4WD coupling
-Pressure sensors for 4WD coupling
-Electronic control units for panorama sunroof
-Electronic control units for motorcycle

History

1987 The Company was founded as a joint venture among Hyundai Motor, Robert Bosch and Mitsubishi Electric.
1987 The Company began commercial production of engine control units.
1989 The Company began commercial production of fuel injectors, air flow sensors and transmission control units.
1992 The Company established KETI (Kefico Engineering Technology Institute).
1993 The Company began commercial production of oxygen sensors.
1994 The Company began commercial production of auto cruise control systems.
1995 The Company began commercial production of idle speed actuators.
1996 The Company began commercial production of throttle position sensors and manifold absolute pressure (MAP) sensors.
1996 The Company acquired ISO9002 certification.
1996 The Company established the Application Engineering Center.
1997 The Company began commercial production of fuel tank pressure sensors and A/T solenoid valves.
1998 The Company began commercial production of powertrain control units.
1998 The Company acquired QS9000 and ISO9001 certification.
1999 The Company developed proprietary acceleration sensors.
2003 The Company acquired ISO14001 certification.
2004 The Company acquired ISO/TS16949 certification.
2005 The Company established the Reliability Center.
2005 Mitsubishi Electric sold all shares in the Company to Robert Bosch.
2006 The Company began commercial production of purge control solenoid valves.
2007 The Company was awarded five-star rating for quality from Hyundai/Kia.
2007 The Company produced its 100 millionth injector.
2007 The Company started commercial production of intake manifold modules for use in Theta2 engines.
2008 The Company received five-star ratings from both Hyundai Motor and Kia Motors in recognition of its high levels of technology and delivery performance.
2008 The Company began mass production of electronic throttle controls and 6-speed transmission control units.
2008 The Company established KEFICO Automotive Systems (Beijing) Co., Ltd. in China.
2009 The Company established KEFICO Vietnam Company Limited in Vietnam.
2010 The Company's Vietnam plant started mass production.
2010 The Company's Rizhao plant in Shandong Province started mass production.
2012 the Company became a wholly-owned subsidiary of Hyundai Motor Group.
2012 Changed its corporate name to Hyundai Kefico Corporation.
2015 The Company established KEFICO Automotive Systems (Chongqing) Co., Ltd. in China.
2016 The Company established HYUNDAI KEFICO MEXICO, S. DE R.L. DE C.V. in Mexico.

Supplemental Information 1

The Hyundai Group's ratio of shareholding in automotive companies (As of Dec. 31, 2016)

Name of group company

 

Company in which the company holds shares

Hyundai
Motor
Kia
Motors
Hyundai
Mobis
Hyundai
Dymos
Hyundai
WIA
Hyundai Motor - - 20.78% - -
Kia Motors 33.88% - - - -
Hyundai Mobis - 16.88% - - -
Hyundai WIA 25.35% 13.44% - - -
Hyundai Kefico 100.00% - - - -
Hyundai Dymos 47.27% 45.37% - - 5.12%
Hyundai Powertech 37.58% 37.58% 24.85% - -
Hyundai Steel 6.87% 17.27% - - -
Hyundai IHL - - 90.00% - -
Hyundai Mseat - - - 99.81% -
Hyundai Partecs 56.00% 31.00% 13.00% - -
WIA Magna Powertrain - - - - 50.00%
HL Green Power - - 51.00% - -
Hyundai Autron 60.00% 20.00% 20.00% - -

>>>Business Report up until FY ended Dec. 2013
>>>Business Report FY ended Dec. 2014
>>>Business Report FY ended Dec. 2015

Note: A figure in brackets ( ) indicates a loss