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12 Jun
07:03

Posco bags new EV parts contract from Hyundai Motor

Posco International announced last week that it will supply driving motor cores for 2.5 million EVs produced by Hyundai Motor between 2025 and 2034, Kallanish learns from the company. Production of the key part of an electric motor will be conducted by its subsidiary Posco Mobility Solutions. The company earlier gained the orders to supply 3.4m motor cores for Hyundai Motor’s hybrid SUV last November, and in January 2023 contracted with the carmaker to provi…
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