Hyundai Motor Group’s provider, Hyundai Mobis, is investing round $256 million (350 billion gained) in constructing new vegetation in Slovakia for EV components. The bottom will embrace Hyundai’s first EV energy methods manufacturing plant within the area, a “key bridgehead for conquering the European electrification market.”
Hyundai Mobis, the “components and repair” unit for Hyundai Motor Group (together with Kia and Genesis), is the world’s fifth-largest auto components maker.
The corporate provides components to automakers exterior of Hyundai, together with Volkswagen and Mercedes-Benz. To help its growth on this planet’s second-largest EV market, Hyundai Mobis introduced it’s constructing a new EV components plant in Slovakia.
To determine its new manufacturing base, Hyundai Mobis will make investments a complete of round $256 million (350 billion gained).
The location is concerning the dimension of 14 soccer fields (105,700 sq. ft.) in whole. It is going to embrace Hyundai’s first energy electrical (PE) methods manufacturing plant in Europe.
Hyundai’s provider stated the purpose is to get it up and operating within the second half of subsequent yr. As soon as full, the PE manufacturing base can construct as much as 300,000 PE methods yearly. The corporate can be constructing a brand new plant for EV braking methods at its present Zilina facility.
Hyundai Mobis is already constructing EV battery methods (BSA) within the Czech Republic. A brand new BSA plant can be being inbuilt Spain to provide Volkswagen.
Hyundai Mobis to construct new EV components plant in Slovakia
The PE system integrates the electrical motor, inverter, and reducer. In the meantime, the BSA contains the battery administration system, battery pack, and different parts for protected, environment friendly operation. Each are key eV parts.
The corporate introduced a “large-scale order” from Volkswagen final yr to energy its next-gen EVs.
Hyundai Mobis stated the brand new EV components plant in Slovakia is a part of its plan to increase its international footprint.
Slovakia is house to main automakers, together with Kia, Volkswagen, Stellantis, and Jaguar Land Rover. The corporate stated its new manufacturing base shall be a “key bridgehead for conquering the European electrification market.”
Hyundai Mobis stated it nonetheless expects Europe’s electrical automobile market to “develop steadily” regardless of a number of automakers adjusting their EV objectives.
The corporate can be increasing its presence in North America with a neighborhood battery and PE methods manufacturing base, which is able to open later this yr.
Because the business shifts to electrical, Hyundai Mobis continues to steer the cost with new improvements in autonomous driving, superior sensors, parking help methods, next-gen shows, and infotainment connectivity.
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