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Hyundai Mobis Accelerates Electrification Push in Europe with Opening of New Plant in Slovakia

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2 months ago

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– Annual capacity of up to 280,000 PE systems, the “heart of the EV,” in … Hyundai Mobis’ first PE system production base in Europe
– Senior Slovak government officials, including Slovak Prime Minister Robert Fico in attendance, reaffirming strong ties and commitment to cooperation
– Third electrification plant in Europe… stronger regional supply capabilities and competitiveness backed by strategic model business wins

NOVÁKY, Slovakia, Sept. 2, 2026 /PRNewswire/ — Hyundai Mobis (KRX 012330) has commenced full scale mass production of PE (Power Electric) systems, the “heart of the EV,” in Europe, stepping up efforts to expand its presence in the region’s electrification market. A PE system is an integrated electric powertrain unit comprising an electric motor, an inverter that converts electrical current, and a reduction gear. Following the production of battery system assemblies (BSAs) in the Czech Republic and Spain, the company will now mass produce and supply PE systems in Slovakia, establishing a strategic foothold to deepen its partnerships with global automakers as they transition toward future mobility.

Hyundai Mobis announced that it held a Grand Opening ceremony for its new PE system plant in Nováky, Slovakia, on 3rd (local time 2nd). Located in Nováky in Slovakia’s Trenčín Region, the new facility is Hyundai Mobis’ first PE system plant in Europe and its third electrification production base in the region, following its BSA production facilities in the Czech Republic and Spain.  

Hosted by Hyundai Mobis President and CEO Lee Gyu Suk, the event brought together approximately 100 attendees, including key Slovak government officials such as Slovak Prime Minister Robert Fico, Deputy Prime Minister and Minister of Economy Denisa Saková, and Governor of the Trenčín Region Jaroslav Baška, as well as representatives from the European Commission, customers, major suppliers, and local media.

The new plant occupies a site of approximately 106,000 square meters, equivalent to roughly 15 football fields, and has a total floor area of 8,500 square meters. With production lines for stators, a core component of electric motors, as well as inverters and other components, the facility has annual production capacity of up to 280,000 PE systems. The company has invested a total of approximately KRW 250 billion to further enhance its production capabilities and ensure it is equipped to respond promptly to customer needs.

Speaking at the event, Hyundai Mobis President Lee Gyu Suk said, “To realize Hyundai Mobis’ future vision, we will continue to invest and devote our efforts to establishing the Nováky PE system plant as a key electrification hub in Europe. Looking ahead, strategic models from global automakers equipped with Hyundai Mobis PE systems will lead the European electrification market.”

The new Nováky plant is expected to serve as an integrated hub capable of supplying key electrification components to Hyundai Motor and Kia as well as global customers. Hyundai Mobis has developed its own core technologies and mass production capabilities across the full spectrum of EV components, including BSAs and PE systems. Building on these capabilities, the company operates electrification production bases at strategic locations across major regions worldwide, including Ulsan, Daegu, Chungju, and Pyeongtaek in Korea, as well as the United States, the Czech Republic, Spain, and Indonesia.

Hyundai Mobis is placing particular emphasis on establishing strategic bases and footholds in Europe, recognizing the growth potential of the region’s EV market, the second largest in the world after China. The establishment of an additional electrification plant in Slovakia, home to major global automakers including Kia, Volkswagen, Stellantis, and Volvo, is likewise a strategic move to strengthen the company’s competitiveness in winning electrification business from global customers and expand its presence in the market. Through initiatives such as its CEO Investor Day, the company has consistently communicated its goal of increasing the share of revenue from global customers to 40% by 2033 and continues to pursue strategic initiatives underpinned by its competitiveness in core technologies.

About Hyundai Mobis
Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com.

Media Contact
Choon Kee Hwang : ckhwang@mobis.com
Jihyun Han : jihyun.han@mobis.com

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SOURCE Hyundai Mobis

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LEAP Group Relaunches HumanView, a Growth Intelligence System Built to Explain Why Customers Behave the Way They Do

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3 hours ago

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October 24, 2026

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Reimagined from the ground up, HumanView pairs statistical modeling with expert analysts to turn millions of real-world customer signals into business decisions

LOUISVILLE, Ky., Oct. 23, 2026 /PRNewswire/ — LEAP Group today announced the relaunch of HumanView, its growth intelligence service. The new version has been rebuilt from the ground up and now has a dedicated home at leapgroupnetwork.com/humanview.

HumanView analyzes what customers say and do across social platforms, e-commerce sites, review platforms, search behavior and user-generated content, including signals from Reddit, TikTok, YouTube, Meta, Amazon and Walmart+ that general AI tools cannot always access. Because the data reflects unprompted, real-world behavior, it avoids the response bias built into surveys and focus groups.

The service works in three layers. HumanView captures signals at scale, decodes millions of records through validated statistical models such as regression, correlation and clustering, and then relies on experienced analysts to interpret the patterns. Clients receive clear, human-validated insights instead of another dashboard.

“Machines find the patterns. Humans find the point,” said Alan Gilleo, CEO at LEAP Group. “The first version of HumanView showed us how much customers reveal when nobody is asking them questions. This version is built to explain why they act the way they do, and to put those answers in front of everyone making decisions, from product to service to marketing.”

HumanView focuses on three areas:

Growth Intelligence: customer motivations and how people perceive a brand and its competitors

Market and Category Intelligence: product pain points, service friction, unmet needs and competitive gaps

Audience Intelligence: new segments, positioning opportunities and gaps in the market

Every model is designed and validated by data scientists and benchmarked before it informs a recommendation.

To learn more about HumanView, visit leapgroupnetwork.com/humanview.

About LEAP Group
LEAP Group is a boutique marketing agency holding company with offices in Louisville, Indianapolis, Cincinnati and Chicago. Guided by the belief that brands should “Market Less. Matter More.,” LEAP gives clients access to specialized experts across its entire network. Learn more at leapgroupnetwork.com.

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SOURCE LEAP Group

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

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SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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4 hours ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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