China Sales Drive Hyundai Mobis to Record Performance

Hyundai Mobis announced on Monday that its sales hit a record high of W34.2 trillion (US$1=W1,083) last year, propelled by growing demand in China. The company's operating profit edged up 0.6 percent to W2.92 trillion.

As Hyundai Motor sold over 1 million vehicles in China, sales of its part provider Hyundai Mobis also jumped 23 percent year-on-year.

Increased production at its plants in Brazil and Turkey also boosted its profits. / Jan. 28, 2014 10:28 KST