KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Automobile

Mando Acquires Mando-Hella Electronics, Develops Self-Driving Tech

James Jung by James Jung
PUBLISHED: February 4, 2021 UPDATED: February 6, 2021
in Automobile, Manufacturing, Tech Industry
0
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.

Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.

South Korean automobile equipment manufacturer Mando signed a share purchase agreement with Germany-based Hella to acquire Mando-Hella Electronics (MHE). A joint venture between Mando and Hella, MHE is a company that manufactures and sells electronic auto components. Based in South Korea’s Incheon, MHE produces electronic parts such as radars, cameras, sensors, and integrated control systems for autonomous vehicles. Since MHE specializes in technologies for self-driving cars, Mando is aiming to expand its production and global reach.

“We have worked very successfully with Mando in South Korea over the last twelve years and have further strengthened our position in the very important South Korean market,” said Rolf Breidenbach, Hella’s chief executive. “We will now further push our direct business based on our global development and production network. In this context, we will also gradually expand our own activities in South Korea.”

Mando’s Plans for MHE

“The deal will take Mando’s autonomous driving technology to the next level,” said Cho Seong-hyeon, Mando’s president. “With the acquisition, we will improve competitiveness in prices and quality control through direct management of manufacturing while nimbly responding to the needs of the global market.”

Under the KRW 165-billion deal (USD$147 million), MHE will help Mando increase its production capacity for electric and autonomous vehicle components. During this year’s first quarter, Hella and Mando will finalize the purchase agreement.

With its manufacturing sites in India and China, Mando will utilize MHE’s capacities to boost sales and enter international markets. Through the acquisition of MHE, Mando can further support locally manufactured parts and save production costs. As for the outputs, Mando will develop advanced driver assistance systems and electronic control unit components, and branch-out product lines. In addition to market and product developments, Mando will collaborate with MHE’s R&D team in creating solutions for autonomous driving.

https://www.youtube.com/watch?v=BAAgS4FFAts&ab_channel=%EB%A7%8C%EB%8F%84Mando

Mando at CES 2021

Aside from its MHE ventures, Mando will also manufacture the vehicle components for driving systems they showcased at CES. This January, Mando participated in the online event CES and introduced the pedal-assisted electric drive system, SPM Module. Mando also introduced the Steer-by-Wire (SbW), a technology enabling drivers to stow away the steering wheel when not in use. The SbW technology received the CES 2021 Innovation Award Honoree.

Check out other must-read articles from KoreaTechToday:

  • Bitsensing Radar Sensor Startup Raises 6.95 Bln Won in Pre-Series A
  • LG Innotek Successfully Develops High Security Digital Car Key
  • LG, Qualcomm Develop Ultra-Fast 5G-Powered Connected Car Platform
  • SoCar, RideFlux to Test Run Driverless Shuttle Service in Jeju Island
Tags: automobileautonomous drivingdriver assistMandoMando-Hellaself driving

Related Posts

Korea’s APEC Digital & AI Forum Highlights Asia’s Push for Responsible Tech Leadership
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
South Korea

Korea’s APEC Digital & AI Forum Highlights Asia’s Push for Responsible Tech Leadership

October 24, 2025
LG Uplus Bows to Pressure, Will Report Hacking Signs to Cybersecurity Watchdog
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
LG

LG Uplus Bows to Pressure, Will Report Hacking Signs to Cybersecurity Watchdog

October 22, 2025
South Korea Tightens Cyber Defenses After Detecting Government Hacking Attempt
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
Government

South Korea Tightens Cyber Defenses After Detecting Government Hacking Attempt

October 21, 2025
When Data Fails Trust: A Deep Dive into South Korea’s Escalating Breach Crisis
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
Editorial Feature

When Data Fails Trust: A Deep Dive into South Korea’s Escalating Breach Crisis

October 17, 2025
South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
Mando to expand development of electric and autonomous driving technologies with acquisition of auto component developer Mando-Hella Electronics.
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • Naver Video Streaming Service V Live to Go Global

    0 shares
    Share 0 Tweet 0
  • What SK Group’s ‘AI Now & Next’ Summit Reveals About the Future of Intelligent Korea

    0 shares
    Share 0 Tweet 0
  • South Korea’s $2.26 Billion Vision: A Robotic Revolution by 2030

    0 shares
    Share 0 Tweet 0
  • Hanwha Aerospace to Develop Indigenous Turboprop Engine for South Korea’s Next-Gen UAVs

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |