# Who does Kia pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/kia · Facet: suppliers · Updated: 2026-10-10T16:08:11.478+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Kia's confirmed suppliers/cost counterparties include Hyundai Wia, Hyundai Mobis (modules & parts), Hyundai Steel (automotive steel) plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 cost edges, backed by 5 dated sources, 2 of them primary filings (as of 2026-10-10).

### 현대위아 (high)  → /hyundai-wia.md
- metric: Amount ₩2.1T · H1 2026 · Consolidated related-party sales to Kia
- note: Hyundai Wia is a direct supplier. Supplies engines, modules, driveline systems and CV joints to Kia plants. H1 2026 consolidated related-party sales were KRW 2.148 trillion.
- [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."

### 현대모비스 (모듈·부품) (high)  → /hyundai-mobis.md
- note: The upstream anchor of Kia's cost base — the three core modules (chassis, cockpit, front-end) and key electrification parts (drivetrain, battery systems) are sourced from Hyundai Mobis. As the central link of the group's vertical chain it is effectively irreplaceable, and because Kia also owns 17.27% of Mobis, its purchasing and equity value are bound together in the circular structure.
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-12) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260312001224: "Key materials (engines, transmissions, modules) sourced from group affiliates incl. Hyundai Mobis and Hyundai Wia."

### 현대제철 (자동차 강판) (high)  → /hyundai-steel-company.md
- note: Automotive sheet steel — the swing factor in body cost — is bought mainly from Hyundai Steel, with POSCO as a second source. In-group Hyundai Steel dedicates high-strength automotive grades, giving supply stability, but it is also the channel through which steel prices and US steel tariffs feed straight into the cost ratio; the group also runs a Hyundai Steel-share TRS as it unwinds cross-holdings.
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-12) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260312001224: "Sheet steel and other materials purchased from Hyundai Steel, POSCO and others."

### SK온·LG에너지솔루션 (그룹 배터리 JV) (high)
- note: The cells at the heart of Kia's EVs are secured through Hyundai Motor Group-level sourcing — Georgia HSBMA (SK On JV) and the Georgia LG Energy Solution JV feed Kia's Georgia-built EVs, sharing the E-GMP platform with Hyundai for scale. Dual-sourcing lowers cell-supply risk, but the sourcing structure moves with shifts in US IRA/tariff policy.
- [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: "Kia Georgia EVs draw cells from group JVs with SK On (HSBMA) and LG Energy Solution."
- [confirms] Hyundai Motor Group (KO, ir, published 2025-01-24) https://www.hyundaimotorgroup.com/ko/news/CONT0000000000168809: "Hyundai Motor Group integrates SK On/LGES Georgia JV cells into group EVs, sharing E-GMP."

### 현대모비스 (지분 17.27%) (high)  → /hyundai-mobis.md
- note: A hidden asset in Kia's valuation — Kia holds a 17.27% equity-method stake in Hyundai Mobis, a leg of the circular-ownership control structure and a sizable unrealized value. Analysts (e.g. Samsung Securities) flag this Mobis-stake value, apart from any earnings recovery, as the trigger to unwind Kia's discount.
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-12) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260312001224: "Holds 17.27% of associate Hyundai Mobis (equity method)."

### 오토데스크 (low)  → /autodesk.md
- note: Kia Global Design jointly researched a generative AI concept-design solution with Autodesk from September 2022 through August 2023 and used Autodesk BlankAI in a workshop, while the official Korean case study confirms product use and a demand-side relationship but does not disclose whether it was a paid engagement or its value.
- [confirms] Autodesk Korea (KO, news, published 2024-11-12) https://www.autodesk.com/kr/design-make/articles/kia-generative-ai-for-automotive-design: "Kia Global Design jointly researched with Autodesk and developed an AI solution prototype."

Reverse side: https://valuechain.wiki/kia/customers.md · Ripple: https://valuechain.wiki/kia/ripple.md

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Full node: https://valuechain.wiki/kia.md · JSON: https://valuechain.wiki/kia.json