Hyundai Mobis to Use Eco-friendly Aluminum for Main Auto Components

The 15,000 tons of low-carbon aluminum secured by Hyundai Mobis is the annual amount the company needs, which is worth about 62 billion Korean won. This is more than 20% of the total amount of aluminum the company purchased throughout the last year, which is 67,000 tons in total.

Low-carbon aluminum is called an eco-friendly material because carbon is less emitted during its manufacturing process. It is generally known that about 16.5 tons of carbon is emitted during the manufacturing of refining, smelting, and casting to produce one ton of aluminum. On the other hand, the carbon emissions of green aluminum produced by EGA using solar energy are about 4 tons, which is only a quarter of those of regular aluminum.

Hyundai Mobis plans to proactively respond to environmental regulations of governments around the world by using the green aluminum it introduced this year in the manufacture of main components such as chassis. In particular, as the European Union (EU) will fully enforce the Carbon Border Adjustment Mechanism (CBAM) regulation from next year, Hyundai Mobis is expected to be able to minimize the impact of the regulation. The CBAM regulation is a program that calculates and charges the carbon emissions of products imported into Europe, targeting six carbon-intensive products: steel, aluminum, electricity, fertilizer, cement, and hydrogen.

Hyundai Mobis plans to continue to introduce low-carbon aluminum and make specific efforts to strengthen its ESG management and achieve its carbon neutrality goals. Hyundai Mobis plans to establish a strategic partnership with EGA in the first half of this year to secure a stable and systematic supply of low-carbon aluminum in the future.

"We will proactively respond to global environmental regulations by establishing a green supply chain and embody our efforts to reduce carbon emissions from the supply chain stage," said Sun-woo Lee, senior vice president of purchasing, Hyundai Mobis.

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com.

Media Contact 
Choon Kee Hwang : ckhwang@mobis.com
Jihyun Han : jihyun.han@mobis.com

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