Mando Mobility Solutions (MMS) was split off from Mando Corp and merged into HL Klemove, making it a company specialising in autonomous driving.
Officially launched on December 2, under the leadership of its first CEO, Paljoo Yoon, the company will open the era of fully autonomous driving.
HL Klemove said it will deliver the safest full autonomous driving solution to popularise autonomous driving. Furthermore, it is preparing for another leap forward by focusing on developing cutting-edge autonomous driving solutions, based on its track record of more than 2,000 patents for its autonomous driving technologies and supplying more than 20 million units of ADAS to diverse customers. Furthermore, it announced that it will complete commercialisation of core autonomous driving products, including Lidar, 4D imaging radar, high-resolution camera, in-cabin sensor, and integrated domain control unit by 2025 and ambitiously pursue business expansion to achieve sales of 1.2 trillion won in 2021, 2.4 trillion won in 2026, and as much as 4 trillion won in 2030.
HL Klemove's differentiation comes from its track record of mass production for leading EVs and global automotive OEMs and its integrated system solution design. Based on its technology and business competency, HL Klemove is expected to meet various mobility design needs of automotive OEMs with its electric vehicle-based autonomous driving solution.
The company eyes the North American market as its clients from the region demand above level 3 autonomous driving. Accordingly, it is proposing a high-performance autonomous driving solution based on strategic partnerships with global application processors/software companies and, at the same time, pursuing production localisation in the region. Construction of North American manufacturing footprint will start next year. As for the Chinese market, the company plans to expand its market share through joint marketing drives with cutting-edge electric control chassis products of Mando Corp, which successfully established itself in the market. In line with this, HL Klemove will expand the manufacturing capacity of its Chinese plant in Suzhou and recruit more than 100 local R&D personnel.
In India, it plans to preoccupy the budding market with developing customised level 2+ products for a local market by reinforcing R&D personnel in Bangalore.
Yoon said the convergence of HL Klemove's perception and decision technologies for autonomous driving and Mando's autonomous driving control and EV solution technologies resulted in differentiated autonomous driving technology knowhow of HL Klemove. The company will fast forward the era of fully autonomous driving to secure the safest mobility for the public, he added.