Mobiis Signs 415.5 Million KRW Smart Factory AI System Supply Contract with BorgWarner Changyeong

Mobiis has signed a 415.5 million KRW contract with BorgWarner Changyeong LLC to build a manufacturing AI system for an autonomous smart factory.
This contract amount represents 8.2% of Mobiis' 2025 individual revenue of 5.097 billion KRW, with the contract period from July 20, 2026 to April 30, 2027.
Payments are structured as 30% down payment, 30% first interim, 30% second interim, and 10% final payment, with the final payment expected by end of October 2027 during the after-service period.
The counterparty BorgWarner Changyeong is a large auto parts manufacturer with annual revenue of 287.2 billion KRW and has a history of similar contracts with Mobiis in the past three years, indicating high credibility.
The contract will be executed through Mobiis' in-house production, and contract terms may change depending on progress.
[AI Summary]Mobiis has secured revenue growth visibility through an AI system supply contract with a major global company. The contract size is significant at 8% of revenue, and the stable payment terms are positive for cash flow. This is expected to have a neutral to slightly positive impact on the stock price.