dlf

Page 1

Page 2

Roles of Each BusinessThree-Year Financial Status

http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwisu8aegO3UAhXHT7wKHUvvC18QjRwIBw&url=http://m.blog.naver.com/getwbr/220006116831&psig=AFQjCNF5gHT2dwv6IimhS1_fya01A6EdHA&ust=1499167469151819http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwisu8aegO3UAhXHT7wKHUvvC18QjRwIBw&url=http://m.blog.naver.com/getwbr/220006116831&psig=AFQjCNF5gHT2dwv6IimhS1_fya01A6EdHA&ust=1499167469151819

Page 3

http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwisu8aegO3UAhXHT7wKHUvvC18QjRwIBw&url=http://m.blog.naver.com/getwbr/220006116831&psig=AFQjCNF5gHT2dwv6IimhS1_fya01A6EdHA&ust=1499167469151819http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwisu8aegO3UAhXHT7wKHUvvC18QjRwIBw&url=http://m.blog.naver.com/getwbr/220006116831&psig=AFQjCNF5gHT2dwv6IimhS1_fya01A6EdHA&ust=1499167469151819

dlf

Page 5

• Expansion in Lv3/4 autonomous vehicles sales starting

from 2025, and majority of new cars in 2030 are expected

to be ADAS/autonomous vehicles

Lv4 : 1.1M(1%)Lv3 : 1.6M(1.4%)

6.8M(5.6%)10.8M(8.9%)

24M(19%)27M(21%)

0

20

40

60

80

100

120

'20 '25 '30 '35

Lv0

Lv4

Lv3

Lv2

Lv153.5%

(Unit: Million)

• [Camera] Penetration into Tier 1/start-up markets by responding to the demand for cost effectiveness

• [Radar] Mature market & stronger competition with technological developments in semiconductor

• Manufacturers’ liability expands due to increased demand in product safety

• More cooperation between OEs and Tier 1 companies/start-ups (LiDAR, controller, etc.)

Lv4

“Competition among Tier1 companies"

“Led by OEs"

“Initially Led by Both OEs and MaaS Providers"

• MaaS providers (e.g. Uber) leading the market, helped by cost savings from autonomous driving

• New business opportunities such as MaaS, vehicle maintenance/repair and contents sales

Lv2

Lv3

Page 6

Lv2/Lv3(Sensor)

Acceleration of Go-To-Market1

Lv3(Controller)

Establishment of Eco-System2

Lv4

New Business Model3

Page 7

Needs a Tier 1 supplier to

expand into global marketsNeeds a strategic partner to enter the

market and secure related technologies

• Background and Purpose

• Equity Investment

- $50M-worth of equity investment for

technological cooperation (Oct. 2019)

• Cooperation Plan

LiDAR SensorLiDAR Recognition

S/W

Sensing Data

(Point Cloud)

Velodyne Mobis

• Entry into HKMC and the

global market through a

stable partnership with a

leading L3 LiDAR sensor

company

[Velodyne]

: Velodyne preferred in terms of

ready-to-produce

technologies, reliability and

cooperation

Expected Effect

Page 8

APTIV and HMG will establish a JV with 50:50 stakes for the AD solution development (Post-money value $4.0 Bil.)

[APTIV] All assets related to Level 4/5 AD tech. + [HMG] Total investment amount of $2.0 Bil.

JV

Subs.

2 AD subsidiaries :

IP AD related patents, DB, S/W, know-hows

StaffAll engineers related to core development

Facility

AD Research / Testing Centers: Las Vegas, Pittsburgh, Boston, Singapore, Santa Monica

Inv.

amount＄2.0 Bil.

IP AD related IP licensing

Vehicle Remodeling

AV Remodeling / Supply

Dispatch of staff

Dispatch engineers

50% 50%

Equity Interest Ratio

Equity Interest Ratio

http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwj254XOkZDXAhVGWbwKHYGOCsAQjRwIBw&url=http://m.auto.danawa.com/news/?Work%3Ddetail%26no%3D3233529&psig=AOvVaw0i0m2NwgBMipaYVcJwlkxT&ust=1509170833592685http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwj254XOkZDXAhVGWbwKHYGOCsAQjRwIBw&url=http://m.auto.danawa.com/news/?Work%3Ddetail%26no%3D3233529&psig=AOvVaw0i0m2NwgBMipaYVcJwlkxT&ust=1509170833592685http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwj254XOkZDXAhVGWbwKHYGOCsAQjRwIBw&url=http://m.auto.danawa.com/news/?Work%3Ddetail%26no%3D3233529&psig=AOvVaw0i0m2NwgBMipaYVcJwlkxT&ust=1509170833592685http://www.google.co.kr/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwj254XOkZDXAhVGWbwKHYGOCsAQjRwIBw&url=http://m.auto.danawa.com/news/?Work%3Ddetail%26no%3D3233529&psig=AOvVaw0i0m2NwgBMipaYVcJwlkxT&ust=1509170833592685

Page 9

As-Is

To-Be

Lv4

Lv2/Lv3(Sensor)

Lv3(Controller)

Camera: Internal development and utilizing already-done equity investments

Radar: Secure product portfolios for internally developed radars

Develop core technologies and secure track records by taking advantage of development/supply of LV3 vehicle controllers

Advance technologies based on the technologies and architecture secured from Lv3 stage

Partnership with MaaSproviders (e.g. Yandex)

Strategic investment and acquisition of globally specialized companies to lay the foundation for Lv2/Lv3 businesses

Investment to create LiDAR portfolio (Velodyne)

NewBusinessModel

Non-captive

ExistingBusinessModel

Captive

dlf

Page 11

125

250

160

600

Page 12

Page 13

OE

PartsMaker

Page 14

Page 15

‘18 ‘19.3Q‘10 … ‘12 ‘14 ‘16… … …

0.03

0.30 0.36

0.61

1.89

1.94

Page 16

Higher torque, achieved1) Increase in permanent

magnet’s magnetic flux density

2) Thinner core stainless steel

PCU cooling structure improvement(single-sided → double-sided)

Less # of OBC power devices (6→4) and frequency change (low to high)

Less heavy(steel → aluminium)

Higher fuel efficiency (air cooling → water cooling)

Optimization in platinumcatalyst (cost saving)Increase in cruise range(Number of cells: 440 for NEXO, 370 for Mirai4])

Development of in-wheel systemfor GenesisDirect-drive in-wheel system currently under development

All-in-one module of motor and reduction gearFunctional verification completed / durability performance verification in progress

Internal development of cellstatus estimation logic under developmentBMS applying AUTOSAR under development

MEA of high activity and high durability under developmentTechnology for designing low-cost MEA structure under development