Hyundai Motor Group’s provider, Hyundai Mobis, is investing round $256 million (350 billion received) in constructing new crops in Slovakia for EV elements. The bottom will embody Hyundai’s first EV energy techniques manufacturing plant within the area, a “key bridgehead for conquering the European electrification market.”
Hyundai Mobis, the “elements and repair” unit for Hyundai Motor Group (together with Kia and Genesis), is the world’s fifth-largest auto elements maker.
The corporate provides elements to automakers outdoors of Hyundai, together with Volkswagen and Mercedes-Benz. To assist its growth on the earth’s second-largest EV market, Hyundai Mobis introduced it’s constructing a new EV elements plant in Slovakia.
To ascertain its new manufacturing base, Hyundai Mobis will make investments a complete of round $256 million (350 billion received).
The positioning is concerning the measurement of 14 soccer fields (105,700 sq. ft.) in complete. It’ll embody Hyundai’s first energy electrical (PE) techniques manufacturing plant in Europe.
Hyundai’s provider stated the purpose is to get it up and working within the second half of subsequent yr. As soon as full, the PE manufacturing base can construct as much as 300,000 PE techniques yearly. The corporate can also be constructing a brand new plant for EV braking techniques at its present Zilina facility.
Hyundai Mobis is already constructing EV battery techniques (BSA) within the Czech Republic. A brand new BSA plant can also be being inbuilt Spain to provide Volkswagen.
Hyundai Mobis to construct new EV elements plant in Slovakia
The PE system integrates the electrical motor, inverter, and reducer. In the meantime, the BSA consists of 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 elements plant in Slovakia is a part of its plan to broaden its world footprint.
Slovakia is dwelling to main automakers, together with Kia, Volkswagen, Stellantis, and Jaguar Land Rover. The corporate stated its new manufacturing base will likely be a “key bridgehead for conquering the European electrification market.”
Hyundai Mobis stated it nonetheless expects Europe’s electrical car market to “develop steadily” regardless of a number of automakers adjusting their EV targets.
The corporate can also be increasing its presence in North America with a neighborhood battery and PE techniques manufacturing base, which can open later this yr.
Because the trade shifts to electrical, Hyundai Mobis continues to guide the cost with new improvements in autonomous driving, superior sensors, parking help techniques, next-gen shows, and infotainment connectivity.
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