3rd Jan. 2019 I heard that the joint corporation will be established in new company name “Hyundai Transys” – Hyundai Dymos and Hyundai Powertech combined.
Original article in Korean : http://news.hankyung.com/article/2019010378402
The combination of the new company name ” Hyundai Transys” is Transform, Transcend, Motor System, wishing to be an innovated game-changing company with outstanding technology.
This company is aim to be the world only company who has whole range of transmissions (such as auto transmissions, manual transmission, dual clutch transmission(DCT), continuously variable transmission) and to be the component systemc company providing highest class seats for luxury cars like Genesis, Grandeur, Sonata.
It is planning to produce/sell/develop the parts based on 25 branches in 8 global countries. By organizing each business unit, it will gain the world highest competitive advantage. While maximizing the combination of business units in transmission parts, it will lead the future auto parts market by diversification of products in interior seats.
Additionally, Hyundai Transys is preparing technology of green car and self-driving car, increasing sales volume to 8 clients, concentrating finding new buyers. The sales goal is KRW 12,000,000,000,000 (it’s about USD 10,670 million) until 2022.
This amount is total sales of each company(Hyundai Dymos+Powertech)