# Who does Hyundai Motor Company pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/hyundai-motor-company · Facet: suppliers · Updated: 2026-11-01T17:23:00.426+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Hyundai Motor Company's confirmed suppliers/cost counterparties include SK온 (SK이노베이션), LG에너지솔루션, Hyundai Wia plus 6 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 9 cost edges, backed by 20 dated sources, 4 of them primary filings (as of 2026-11-01).

### SK온 (SK이노베이션) (high)  → /sk-innovation.md
- metric: Amount $5B · JV 투자
- note: HSBMA US battery-cell JV (50:50, $5B total, Bartow County GA, 35GWh/yr for 300k EVs); cells go entirely into US-built Hyundai, Kia and Genesis EVs via Mobis packs.
- [mentions] Analyst consensus (via Investing.com) (EN, research, published 2026-05-01) https://www.investing.com/equities/hyundai-motor-consensus-estimates: "Analysts: earnings modeled on US tariff easing 25%->15%; Buy consensus."
- [confirms] Seoul Economic Daily (EN, news, published 2026-03-27) https://en.sedaily.com/finance/2026/03/27/hyundai-motor-group-sk-on-finalize-us-battery-jv-name-as: "Total $5B, 50/50; supply entirely to US-built group EVs."
- [confirms] DART (FSS) (KO, filing, published 2026-03-18) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260318001394: "Hyundai Motor report: battery sourcing (SK On et al.) and group procurement."
- [confirms] Hyundai Newsroom (EN, ir, published 2025-03-26) https://www.hyundainews.com/releases/4407: "$12.6B Georgia total incl. $7.59B Metaplant."
- [confirms] Hyundai Motor (KO, ir, published 2025-01-23) https://www.hyundai.co.kr/news/CONT0000000000168675: "2024 revenue KRW 175.2tn; OP KRW 14.24tn (8.1%)."
- [confirms] Hyundai Motor Group (EN, ir, published 2023-04-25) https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-group-and-sk-on-to-establish-ev-battery-cell-production-joint-venture-in-us-0000000237: "35GWh plant from H2 2025, enough for 300k EVs."

### LG에너지솔루션 (high)  → /lg-energy-solution.md
- metric: Amount $4.3B · 조지아 JV
- note: Two battery-cell JVs: Bryan County GA ($4.3B, 50:50, 30GWh) and HLI Green Power Indonesia ($1.1B, Karawang, 10GWh, opened Jul 2024).
- [confirms] Investment Monitor (EN, news, published 2024-07-03) https://www.investmentmonitor.ai/news/hyundai-and-lg-opens-ev-battery-facility-in-indonesia/: "$1.1B Karawang plant opened (HLI Green Power)."
- [confirms] LG Energy Solution (EN, ir, published 2023-05-25) https://news.lgensol.com/company-news/press-releases/1780/: "$4.3B+ Bryan County JV, 50/50."

### Motional (앱티브 JV) (high)
- metric: Amount $475M · 2024 추가 투자
- note: AV JV: additional $475M investment in May 2024 raised Hyundai's stake (Aptiv common equity cut from ~44% to ~15%); Ioniq 5 robotaxi launch pushed to 2026.
- [confirms] SEC EDGAR (EN, filing, published 2024-11-01) https://www.sec.gov/Archives/edgar/data/1521332/000152133224000073/aptv-20240930.htm: "$475M for +11.7%; Aptiv down to ~15%."

### 현대위아 (high)  → /hyundai-wia.md
- metric: Amount ₩353.9B · H1 2026 · Consolidated related-party sales to Hyundai Motor
- note: Hyundai Wia is a direct supplier. Supplies engines, driveline systems and CV joints to Hyundai Motor. H1 2026 consolidated related-party sales were KRW 353.9 billion.
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."

### 현대자동차 인도법인 (푸네 공장) (high)
- metric: capacity 170,000 vehicles/year · 2026-10-14 · Annual production capacity of Hyundai Motor India Pune plant
- note: Hyundai Motor India's third production base opened in October 2026 with annual capacity of 170,000 vehicles and a 320,000 target for 2030. The USD 15.5 billion India program is group-wide and includes Kia, so it is not treated as Hyundai Motor-only spending.
- [confirms] Hyundai Motor Group (KO, ir, published 2026-10-14) https://www.hyundaimotorgroup.com/ko/news/hyundai-motor-company-pune-new-plant-opening: "The Pune plant starts at 170,000 vehicles annually and is planned to reach 320,000 by 2030 with flexible multi-powertrain production."
- [confirms] Hyundai Motor Company (EN, ir, published 2026-10-14) https://org.hyundai.com/worldwide/en/newsroom/detail/0000001289: "The Pune plant starts with 170,000 units of annual capacity and is scheduled to scale to 320,000 units by 2030."

### Boston Dynamics (high)
- metric: Market share 100% · 2026 완전자회사
- note: Acquired control from SoftBank in 2021 ($1.1B, 80%), then the remaining 9.65% for $325M in 2026 for full ownership; Atlas slated for the Georgia EV plant by 2028.
- [confirms] KED Global (EN, news, published 2026-06-21) https://www.kedglobal.com/robotics/newsView/ked202606210001: "Remaining 9.65% for $325M; wholly owned."
- [confirms] Hyundai Motor Group (EN, ir, published 2021-06-21) https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-group-completes-acquisition-of-boston-dynamics-from-softbank-0000000516: "80% stake, ~$1.1B valuation."

### 현대트랜시스 (high)  → /hyundai-transys.md
- metric: Market share 41.13% · 2026-06-30 · Hyundai Motor's ownership stake in Hyundai Transys
- note: Hyundai Motor is the largest shareholder of Hyundai Transys with 33,682,754 common shares, or 41.13%. Together with Kia at 40.0%, it controls the transmission, electrified-drivetrain and seat supplier.
- [confirms] Korea Exchange KIND (KO, filing, published 2026-08-14) https://kind.krx.co.kr/external/2026/08/14/002936/20260814010344/11012.htm: "Hyundai Motor holds 33,682,754 Hyundai Transys common shares, representing a 41.13% stake."
- [confirms] Hyundai Motor Company (EN, filing, published 2026-03-18) https://www.hyundai.com/content/dam/hyundai/ww/en/images/company/investor-relations/financial-Information/report-en/2025/2025-q4-consolidated-audit-report-en.pdf: "Hyundai Motor reports a 41.13% ownership interest in Hyundai Transys."

### 현대로템 (high)  → /hyundai-rotem-company.md
- metric: Market share 33.8% · 2025 year-end · Hyundai Rotem 2025 shareholder status
- note: Hyundai Motor holds 36,856,636 Hyundai Rotem common shares, a 33.8% stake, giving the group equity exposure to Rotem's defense and rail growth.
- [confirms] Hyundai Rotem (KO, ir, published 2025-12-31) https://www.hyundai-rotem.co.kr/ko/invest/stock/content.do: "2025 shareholder status: Hyundai Motor holds 36,856,636 common shares, a 33.8% stake."
- [confirms] Hyundai Rotem (EN, ir, published 2025-02-14) https://www.hyundai-rotem.co.kr/upload/2025/2/20250214030004032368.pdf: "As of the end of December 2023, Hyundai Rotem's largest shareholder is Hyundai Motor Company, holding 33.77% of total shares."

### 현대위아 (high)  → /hyundai-wia.md
- metric: Market share 25.35% · 2026-06-30 · Stake in Hyundai Wia common shares
- note: Largest shareholder of Hyundai Wia with a 25.35% common-share stake.
- [confirms] Hyundai Wia (KO, filing, published 2026-08-14) https://www.hyundai-wia.com/lib/common/download2.asp?fileUrl=/upload/RESULT&seq=2142&flag=1&tableName=RE_WIA_BIZ_NEWS: "H1 2026 revenue was KRW 4.533 trillion. Hyundai Motor and Kia are the main vehicle-parts customers, while Hyundai Transys is among the main suppliers."
- [confirms] Hyundai Motor Company (EN, filing, published 2026-03-18) https://www.hyundai.com/content/dam/hyundai/ww/en/images/company/investor-relations/financial-Information/report-en/2025/2025-q4-consolidated-audit-report-en.pdf: "Hyundai Motor reports a 25.35% ownership interest in Hyundai Wia."
- [confirms] Samsung Securities (KO, research, published 2026-03-06) https://www.samsungpop.com/common.do?cmd=down&contentType=application%2Fpdf&fileName=2010%2F2026030615573952K_02_05.pdf&inlineYn=Y&saveKey=research.pdf: "Hyundai Wia is the sole gun-barrel supplier for K2 tanks and K9 howitzers, with volume rising alongside customer exports."

### 기아 (지분 35.17%) (high)  → /kia.md
- note: Hyundai Motor is Kia's largest shareholder at 35.17%, one leg of the circular ownership (Hyundai→Kia→Mobis→Hyundai). The two automakers share the E-GMP platform, battery sourcing and US Georgia production, jointly carrying group volume.
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-12) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260312001224: "Kia annual report: largest shareholder Hyundai Motor Co. at 35.17%."

### 온세미 (EliteSiC 트랙션 인버터) (high)  → /onsemi.md
- note: Hyundai Motor Group adopts onsemi's EliteSiC power module for the traction inverter of its high-performance EVs (Kia EV6 GT and other E-GMP vehicles) — the SiC inverter is a key part lifting 800V drive efficiency and range.
- [confirms] onsemi (EN, news, published 2023-01-04) https://investor.onsemi.com/news-releases/news-release-details/onsemi-silicon-carbide-power-module-traction-inverters-selected: "onsemi SiC module selected for Hyundai Motor Group high-performance EV traction inverters (Kia EV6 GT)."

### NVIDIA (high)  → /nvidia.md
- note: Adopts Omniverse (factory digital twins), Isaac (robotics) and DRIVE Hyperion (Hyundai/Kia vehicles plus Motional), building an AI factory with 50,000 Blackwell GPUs (2025).
- [confirms] NVIDIA (EN, ir, published 2025-11-01) https://nvidianews.nvidia.com/news/hyundai-motor-kia-autonomous-driving: "DRIVE Hyperion in select Hyundai/Kia vehicles and Motional robotaxis."
- [confirms] Hyundai Motor Group (EN, ir, published 2025-01-09) https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-group-partners-with-nvidia-to-accelerate-development-of-ai-solutions-for-future-mobility-0000000893: "Omniverse digital twins and Isaac robotics adoption."

### 삼성전자 (high)  → /samsung-electronics.md
- note: First Exynos Auto V920 (premium IVI) supply, plus Samsung Foundry won Hyundai's in-house autonomous-driving chip on 8nm (develop by 2028, mass production 2030).
- [confirms] ZDNet Korea (KO, news, published 2025-10-17) https://zdnet.co.kr/view/?no=20251016145235: "Samsung Foundry to make Hyundai's in-house AV chip on 8nm; 2030 mass production."
- [confirms] ZDNet Korea (KO, news, published 2023-06-07) https://zdnet.co.kr/view/?no=20230607123510: "Samsung supplies Exynos Auto V920 to Hyundai, their first chip collaboration."

### 현대트랜시스 (high)  → /hyundai-transys.md
- note: Hyundai Motor sources transmissions, electrified drivetrains and seats from Hyundai Transys. Its H1 2026 filing names Transys among major seat and parts suppliers to the Indonesian plant. Transys’s 2026 sustainability report confirms that its e²AT is deployed as the Group’s next-generation hybrid drive system. Hyundai Motor-only purchases are undisclosed.
- [confirms] Hyundai Transys (EN, ir, published 2026-09-07) https://www.hyundai-transys.com/resources/upload/web/esg/report/139766473-dc52526f-890f-49f1-848e-c22488d9338f.pdf: "The 2026 report gives FY2025 sales of KRW 14.839 trillion: KRW 9.496 trillion powertrains and KRW 5.343 trillion seats. Its e²AT serves Hyundai Motor Group’s next-generation hybrids."
- [confirms] Korea Exchange KIND (KO, filing, published 2026-08-14) https://kind.krx.co.kr/external/2026/08/14/002936/20260814010344/11012.htm: "For H1 2026, Hyundai Motor identifies Hyundai Transys among the main suppliers of seats and other components to its Indonesian plant."
- [confirms] Hyundai Transys (EN, ir, published 2025-07-01) https://www.hyundai-transys.com/resources/upload/web/esg/report/1334759395-c29dc050-41b4-46c8-93d6-a2d7b59daecd.pdf: "Hyundai Transys mass-produces e²AT as Hyundai Motor Group's next-generation HEV powertrain and produces transmissions, EV reducers and seats."

### CATL (mid)  → /catl.md
- note: CATL batteries in Kona EV and Niro EV (NCM) and Ray EV (LFP); CATL LFP planned for the new China-market Ioniq.
- [mentions] Bloter (KO, news, published 2024-08-01) https://www.bloter.net/news/articleView.html?idxno=660381: "CATL NCM in Kona/Niro EV, LFP in Ray EV; LFP planned for the China Ioniq."

### PPG 인더스트리스 (mid)  → /ppg-industries.md
- note: Hyundai Motor Company, along with Kia, procured automotive paint from PPG Korea for plants outside South Korea. The current contract value and revenue share are not disclosed.
- [mentions] SEC EDGAR (EN, filing, published 2026-02-19) https://www.sec.gov/Archives/edgar/data/79879/000007987926000046/ppg-20251231.htm: "Automotive OEM coatings are sold direct to manufacturing companies and various coatings applicators."
- [confirms] Maeil Business Newspaper (KO, news, published 2009-10-06) https://www.mk.co.kr/news/business/4636875: "PPG Korea supplies its automotive paint to Hyundai and Kia plants outside South Korea, as well as to GM Daewoo and SsangYong plants in South Korea."

Reverse side: https://valuechain.wiki/hyundai-motor-company/customers.md · Ripple: https://valuechain.wiki/hyundai-motor-company/ripple.md

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