93% mobility · thermal sales +160% · agreed defense sale
Hyundai Wia
Hyundai Wia supplies engines, modules and driveline parts to Hyundai Motor and Kia. Q3 2026 revenue rose 14.3% to KRW 2.459tn, while thermal-management revenue jumped 160%. With the defense division scheduled for transfer to Hyundai Rotem in March 2027, earnings conversion in mobility, thermal management and robotics is the key test.
Business categories Automotive Components & Electronics · Automotive & Mobility · primary
- Automotive Components & Electronics: Hyundai Transys · Denso · Alps Alpine · Aptiv · Bridgestone
011210.KS Updated Nov 1, 2026 5 AI consumers· 3 recurring
Per the valuechain.wiki graph, Hyundai Wia is directly linked to 5 companies (1 supply, 5 revenue, 2 investment relationships) and reaches 12 companies within two hops; the links are backed by 17 dated sources, 4 of them primary filings (as of 2026-11-01).
Financials & Segments
- Total revenue · KRW 6.992tn (9M 2026 consolidated revenue) · Q3 KRW 2.459tn (+14.3% YoY)
- Customer concentration · Q3 module revenue +18% and thermal-management revenue +160%. Q3 operating profit was KRW 54.7bn (+5.5%), with a KRW 10.3bn net loss.
- Segments · Mobility · Other (defense and robotics)
Revenue from
- 모빌리티 고객 (엔진·모듈·열관리) High confidence· Amount ₩2.3T · Q3 2026 · Quarterly mobility-segment revenue
Q3 2026 mobility revenue rose 15.1% to KRW 2.2884tn. Module revenue increased 18%, while thermal-management revenue jumped 160% on higher HVAC volume. Customer-level amounts were not disclosed.Confirms EN Seoul Economic Daily Published Oct 30, 2026: Hyundai Wia Q3 Operating Profit Rises 5.5% as Thermal Sales Jump 160% - Kia High confidence· Amount ₩2.1T · H1 2026 · Consolidated related-party sales to Kia
H1 2026 consolidated related-party sales were KRW 2.148 trillion. Hyundai Wia also mass-supplies internally developed thermal-management components for Kia’s PV5. - Hyundai Motor Company High confidence· Amount ₩353.9B · H1 2026 · Consolidated related-party sales to Hyundai Motor
Supplies engines, driveline systems and CV joints to Hyundai Motor. H1 2026 consolidated related-party sales were KRW 353.9 billion. - Hyundai Transys High confidence· Amount ₩11.1B · H1 2026 · Hyundai Wia consolidated sales to Hyundai Transys
H1 2026 consolidated sales to Hyundai Transys were KRW 11.109bn. - Hanwha Aerospace High confidence· component 155 mm · K9 production · K9 howitzer gun-barrel caliber
Sole-supplies 155 mm gun barrels for Hanwha Aerospace's K9 howitzer, linking K9 export growth to barrel volumes.Confirms EN The Asia Business Daily Published Aug 13, 2025: Hyundai Wia Significantly Expands Research Organizations to Target Exports - Hyundai Rotem Company High confidence· component 120 mm · K2 production · K2 tank main-gun caliber
Hyundai Wia supplies the 120mm K2 main gun to Hyundai Rotem. On 19 October 2026 Hyundai Wia agreed to transfer its defense division to Hyundai Rotem for KRW 358.386bn. Closing is targeted for 31 March 2027, subject to the 27 November shareholder vote and other conditions. The unit had KRW 393.1bn of 2025 sales, 4.6% of Wia’s total. The existing K2 main-gun supply relationship remains current until closing.Confirms KO Financial Supervisory Service DART Published Oct 19, 2026: Hyundai Wia decision to transfer its defense businessConfirms KO Financial Supervisory Service DART Published Oct 19, 2026: Hyundai Rotem acquisition of Hyundai Wia defense businessConfirms EN The Korea Times Published Oct 19, 2026: Hyundai Rotem acquires Wia’s defense biz as group reorganizes portfolioConfirms EN The Asia Business Daily Published Aug 13, 2025: Hyundai Wia Significantly Expands Research Organizations to Target Exports
Pays to
- Hyundai Transys High confidence· Amount ₩367.6B · H1 2026 · Consolidated related-party purchases from Hyundai Transys
Procures vehicle-part inputs and components. H1 2026 consolidated related-party purchases were KRW 367.7 billion. - Wia Magna Powertrain High confidence· Amount ₩105.2B · H1 2026 · Consolidated related-party purchases from Wia Magna Powertrain
Procures driveline components from joint venture Wia Magna Powertrain. H1 2026 consolidated related-party purchases were KRW 105.2 billion.
Investors
- Hyundai Motor Company High confidence· Market share 25.35% · 2026-06-30 · Stake in Hyundai Wia common shares
Hyundai Motor is the largest shareholder with 6,893,596 common shares, or 25.35%.Confirms EN Hyundai Motor Company Published Mar 18, 2026: Hyundai Motor 2025 Consolidated Audit Report
Investments
- Hyundai Transys High confidence· Market share 1.88% · 2026-10-25 website observation · Hyundai Wia ownership of 1,536,170 Hyundai Transys common shares
Hyundai Wia owns 1,536,170 Hyundai Transys common shares (1.88%). Hyundai Transys’ official Korean and English IR pages confirm the stake; Wia also buys components from Transys.Confirms EN Hyundai Transys Accessed Nov 2, 2026: Hyundai Transys IR: financial and shareholder informationConfirms KO Hyundai Transys Accessed Nov 2, 2026: Hyundai Transys IR: financial and shareholder information
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| RTX | lead2 | +23.3 | +20 | -14.4 | +40.8 | +61.4 | +2.5 |
| Hyundai Motor Company | lead2 | +11.4 | -24.5 | +36.8 | +10.5 | +49.1 | -3.5 |
| Kia | lead2 | +3.1 | -13.8 | +54 | +3.7 | +60.1 | -26.9 |
| Hanwha Aerospace | lead1 | +19.3 | +70.4 | +74.3 | +163.6 | +227.6 | -18.8 |
| Hyundai Rotem Company | lead1 | -3.4 | +48.4 | +3.1 | +108.8 | +290.1 | -64 |
| Hyundai Wia | node | +50.6 | -37.3 | +31.6 | -41.1 | +104.9 | -33.8 |
| Hyundai Motor Company | benef1 | +11.4 | -24.5 | +36.8 | +10.5 | +49.1 | -3.5 |
| onsemi | benef2 | +107.5 | -8.2 | +33.9 | -24.5 | -14.1 | +37.4 |
| SK Innovation (SK On) | benef2 | -22.9 | -22.4 | -26.2 | +8.9 | -10.6 | +23.5 |
| NVIDIA | benef2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.2 |
| PPG Industries | benef2 | +21.3 | -25.7 | +21.2 | -18.5 | -12 | +3.4 |
| CATL | benef2 | +67.4 | -21.4 | -40.6 | +74.5 | +39.4 | +2.2 |
| LG Energy Solution | benef2 | · | · | -26.9 | -7.6 | +13.1 | +0.8 |
| Kia | benef2 | +3.1 | -13.8 | +54 | +3.7 | +60.1 | -26.9 |
| Hyundai Rotem Company | benef2 | -3.4 | +48.4 | +3.1 | +108.8 | +290.1 | -64 |
YTD as of 2026-10-30 · source: Yahoo Finance
Hyundai Wia gained 104.9% in 2025, then fell 33.8% through 30 October 2026. Q3 revenue rose 14.3% to KRW 2.459tn and operating profit increased 5.5% to KRW 54.7bn. Mobility revenue grew 15.1% and thermal-management revenue jumped 160%, but foreign-exchange losses produced a KRW 10.3bn net loss. Demand-side Hyundai Motor was down only 3.5% on the same date, leaving the component supplier well behind the automaker. Wia has agreed to transfer its defense division to Hyundai Rotem for KRW 358.386bn, with closing planned for March 2027. The defense-driven 2025 rally therefore cannot be carried into continuing earnings without adjustment. The next tests are the 27 November shareholder vote, closing, and whether thermal growth lifts the mobility margin, which was only 1.8% in Q3. Delayed approval or closing, or continued failure to convert thermal revenue into margin, would weaken the restructuring thesis.
Analysis generated from returns as of 2026-10-30Analyses covering this node
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