What HL Mando makes

HL Mando is a chassis and safety systems supplier with three core product families: brakes, steering, and suspension. On the brake side, the company produces caliper brakes including the Motor-on-Caliper, which packages a parking brake function directly into the caliper assembly. Its Alabama plant alone produces 7.4 million Motor-on-Caliper units annually for North American original equipment manufacturers. The IDB2 integrated dynamic brake unit combines conventional braking with electronic stability control functions, and the company also offers electronic parking brake systems.

Steering covers the full range from mechanical rack-and-pinion gear assemblies and column units to multiple variants of electric power steering: column-type (C-EPS), dual-pinion-type (DP-EPS), rack-type (R-EPS), and a rear-wheel steering system (RWS) designed to tighten turning radius at low speeds. Suspension products include both conventional mechanical systems and adaptive chassis components.

Electric vehicle work has grown into its own product line. The by-wire portfolio covers Brake-by-Wire and Steer-by-Wire, the latter sold under the Steerite-FIT brand for future mobility platforms. Power electronics include an on-board charger, a vehicle-to-load (V2L) power export unit, and a fuel cell DC-DC converter. Autonomous driving sensor work -- radar, cameras, lidar, and domain control units -- is handled by HL Klemove, a subsidiary established in December 2021 and operating under a separate brand and management structure.

The company's software division offers MiCOSA, an integrated motion control platform, along with predictive maintenance tools, smart factory software, and a cloud-based vehicle data service built in partnership with Amazon Web Services, announced at CES in January 2024.

Financial performance

HL Mando's consolidated revenue reached KRW 9.45 trillion (approximately EUR 5.9 billion) in FY2025, per the company's own published income statement. Operating profit was KRW 357 billion, representing a 3.78% operating margin -- down slightly from 4.1% in FY2024, which the company attributed in part to US tariff effects and one-time provisions. The Berylls Top-100 study places the company at rank 57 in the global Tier-1 supplier ranking with EUR 5,862 million in automotive-sector revenue and a 3.8% operating income margin for FY2025. Net income fell 22.4% to KRW 122.8 billion in 2025, reflecting financial items rather than an operational collapse: operating profit was nearly flat year on year (-0.5%).

Total assets were KRW 7.14 trillion at end of FY2025. The company holds an AA- credit rating as of 2025, per its own investor materials, and is listed on the Korea Stock Exchange under ticker 204320. Its workforce stood at 17,758 employees worldwide as of 2025, distributed across 50 production, R&D, and logistics hubs in 14 countries.

Ownership and history

HL Mando was established on October 1, 1962 in South Korea and has operated continuously for over six decades. It is part of HL Group, the holding structure that evolved from the Halla Group conglomerate. The company is publicly traded on the Korea Stock Exchange and carries no announced private equity or controlling-family ownership change in the period covered by this profile.

Headquarters and the Global R&D Center are at Pangyo, Seongnam-si, in Gyeonggi Province outside Seoul. Korean production runs from plants in Pyeongtaek (brakes), Wonju (steering), and Iksan (suspension), with nine Korean locations in total. The international footprint includes manufacturing in the United States (Opelika, Alabama; Hogansville, Georgia), Poland (Walbrzych), India, Mexico, China, Turkey, and Brazil. In February 2024, HL Mando launched a joint venture with China's Tianrun Industrial Technology to produce commercial vehicle power steering components -- the venture operates as Tianrun Mando. Autonomous driving subsidiary HL Klemove was carved out in December 2021 to pursue sensor and software integration work aligned with software-defined vehicle architecture trends.

Certifications and quality

The company claims IATF 16949 compliance across its automotive production sites, per its supply chain program documentation and quality job descriptions for its North American plants. Specific certificate dates and scope statements were not published on the English-language website at the time of this profile. General Motors named HL Mando its Supplier of the Year for six consecutive years from 2020 through 2025, with the FY2025 award presented in Austin, Texas in May 2026. The company has received 12 GM Supplier of the Year awards in total; GM presents the award to approximately 0.5% of its roughly 20,000 global suppliers annually. HL Mando's Alabama plant won in the "Creativity Team of Brake Apply and Control" category for FY2025.

Known customers

General Motors is the documented anchor customer. GM named HL Mando its Supplier of the Year in 2020, 2021, 2022, 2023, 2024, and 2025, a six-year consecutive run across a pool of 20,000 global suppliers (per GM and HL Mando press materials, June 2026). The Alabama Motor-on-Caliper plant serves multiple North American OEMs, per the June 2026 award press release, though only GM is named. The company's own materials describe serving global OEMs in passenger vehicles, commercial vehicles, and new mobility platforms across 14 countries.

Recent news

June 2026 -- GM named HL Mando its 2025 Supplier of the Year, the company's sixth consecutive annual win and 12th total. The award covered the Motor-on-Caliper program from HL Mando's Opelika, Alabama plant. Head of Americas Jason (Jae-hyuk) Kim accepted at the ceremony in Austin, Texas (PRNewswire, June 9 2026).

February 2026 -- HL Mando reported FY2025 full-year results: KRW 9.45 trillion revenue (up 6.9% in KRW terms), operating profit of KRW 357 billion at a 3.78% margin, and net profit of KRW 122.8 billion, down 22.4% from FY2024, a decline the company attributed to tariff headwinds and one-time financial provisions (Yonhap News Agency, February 5 2026).

February 2024 -- HL Mando launched the Tianrun Mando joint venture with China's Tianrun Industrial Technology, targeting commercial vehicle steering components in the Chinese market (PRNewswire, February 22 2024).

Frequently asked questions

What does HL Mando make?

HL Mando makes chassis and safety systems for passenger and commercial vehicles: brakes (caliper brakes, Motor-on-Caliper, integrated dynamic brake, electronic parking brake), steering (electric power steering in multiple configurations, rear-wheel steering), suspension, and by-wire systems. Its EV portfolio adds Brake-by-Wire, Steer-by-Wire, on-board chargers, and vehicle-to-load power export. A subsidiary, HL Klemove, makes autonomous driving sensors including radar and cameras.

Who owns HL Mando?

HL Mando Corporation is a publicly traded company listed on the Korea Stock Exchange under ticker 204320. It is part of HL Group, the holding structure of the former Halla Group. There is no single controlling private shareholder or parent corporation holding a majority stake per the company's public disclosures.

What is HL Mando's annual revenue?

HL Mando reported consolidated revenue of KRW 9.45 trillion (approximately EUR 5.9 billion at 2025 exchange rates) for FY2025, per its own published income statement. The Berylls 2026 global Top-100 study records EUR 5,862 million in automotive-sector revenue for the same period.

Where is HL Mando headquartered?

HL Mando's headquarters and Global R&D Center are in Pangyo, Bundang-gu, Seongnam-si, Gyeonggi-do, South Korea, at 255bungil-21 Pangyo-ro. The company also operates production plants in Pyeongtaek, Wonju, and Iksan within South Korea, and has 50 locations across 14 countries worldwide.

Who are HL Mando's customers?

General Motors is the documented customer: GM named HL Mando its Supplier of the Year for six consecutive years through 2025, one of roughly 103 recipients from 20,000 global suppliers. The company's Alabama plant produces Motor-on-Caliper brake systems for multiple North American OEMs, though only GM is named in published materials. HL Mando describes its customer base as global OEMs in passenger vehicles, commercial vehicles, and new mobility.

Last verified September 2026. Is this your company? Request a correction.