"5.8 Trillion Won Orders in H1" This Company Benefits as Autonomous Driving Market Expands [Click e-Stock]

Hanwha Investment & Securities Maintains Investment Rating and Target Price for HL Mando

On September 15, Hanwha Investment & Securities maintained its "Buy" investment rating and target price of 83,000 won for HL Mando.

Sungrae Kim, a researcher at Hanwha Investment & Securities, stated, "It is important to pay attention to whether HL Mando can secure a meaningful position in the robotics, software-defined vehicle (SDV), and autonomous driving component value chains going forward."

According to Mr. Kim, as global interest in autonomous driving has reignited with the expansion of robotaxis led by companies such as Waymo in the United States and Baidu in China, HL Mando is expanding its business, focusing on the electrification of steering, braking, and suspension components. HL Mando is targeting both leading North American electric vehicle (EV) companies and emerging SDV companies in China. He commented, "The company is expected to benefit from the future growth of autonomous driving and the SDV markets."

In particular, HL Mando continues to win orders for electrified chassis components, which are essential for implementing SDVs and autonomous driving functions. As of the first half of this year, the company posted 5.8 trillion won in order intake, with electronic components accounting for 71 percent of that total. HL Mando has secured orders from a variety of global customers in North America, China, and India. Notably, the company succeeded in winning orders for electrified chassis components related to braking, steering, and suspension from major robotaxi firms in both the United States and China. Mr. Kim also evaluated positively that "HL Mando has won orders for 'steer-by-wire' (SBW) components from leading Chinese IT companies and North American big tech subsidiaries, establishing a foundation to secure leadership in the high-growth 'By-Wire' segment as the autonomous driving market matures."

This content was produced with the assistance of AI translation services.