Hyundai Mobis signs parking camera supply contract with Stellantis Group

South Korea's Hyundai Mobis has reached an agreement with Stellantis Group, the world's fourth-largest automaker, to supply it with 3.5 million parking cameras. Although the specific transaction amount has not been disclosed, it is expected to be around 100 billion won (about 75 million US dollars). Hyundai Mobis' parking solution combines ultrasonic sensors and surround view monitor (SVM) cameras to simplify the parking process.