Not only car manufacturing powerhouses such as Hyundai Motor, but also non-automobile companies are paying keen attention to the mobility business as digitization has broadened its concept, they said, noting that the industry now includes areas such as materials for electric vehicles (EVs), autonomous driving, unmanned drones and car-sharing.
"Due to the convergence between automotive and information and communication technologies, the mobility business has innovated new categories such as autonomous driving, connected cars, car-sharing and more." Cho Young-bin, a researcher at the National Information Society Agency, said.
Defining the current mobility industry as "mobility 4.0" Cho added the move will bring progress to the mobility and logistics industry.
Steelmaking giant POSCO is striving to focus more on improving its capability for EV materials such as Giga Steel, a steel product that is as light as aluminum but almost three times stronger.
The company said expanding its business into the mobility industry is essential as the demand for steel used in automobiles is expected to decrease due to the rapid growth of EVs.
"EVs will soon become mainstream," Park Jae-bum, Chief Researcher at POSCO Research Institute, said during a POSCO Group Corporate Day conference in Seoul, Nov. 21. "The global sales volume of EVs in 2017 was about 980,000 but is estimated to grow to 4 million in 2019. The output of secondary battery materials will also swell from 610,000 tons in 2017 to 920,000 tons this year."
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