# Who does Hyundai Motor Company pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/hyundai-motor-company · Facet: suppliers · Updated: 2026-10-10T17:25:34.012571+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 19 dated sources, 4 of them primary filings (as of 2026-10-10).

### 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."

### 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)
- 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)
- note: Hyundai Motor sources transmissions, electrified drivetrains and seats from Hyundai Transys. Hyundai Motor's H1 2026 filing names Hyundai Transys as a seat supplier to its Indonesian plant, while Hyundai Transys says it mass-produces the Group's next-generation e²AT hybrid powertrain. The company-level transaction value is not disclosed.
- [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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