Hyundai Mobis to Resume Parts Supply to Ssangyong Motor

[Image source=Yonhap News]

[Asia Economy Reporter Kiho Sung] Ssangyong Motor temporarily halted factory operations due to the refusal of suppliers to deliver parts, while Hyundai Mobis is reported to have made the first decision to resume parts supply.

According to Ssangyong Motor on the 24th, Hyundai Mobis notified that it will resume supplying headlamps starting from the 29th, when factory operations are scheduled to restart.

On the previous day, Ssangyong Motor announced that five major parts suppliers?Hyundai Mobis (headlamps), S&T Heavy Industries (axle assembly), LG Hausys (bumpers), BorgWarner Ochang (T/C assembly), and Continental Automotive (combimeter)?refused to supply parts, resulting in the suspension of production at the Pyeongtaek plant for two days, the 24th and 28th.

The headlamps, bumpers, and other parts supplied by these companies are key components applicable to all vehicle models. Therefore, if supply is not resumed, production of all models will be disrupted. These companies reportedly not only notified the suspension of supply due to doubts about Ssangyong Motor’s payment ability following its corporate rehabilitation filing but also are demanding cash payments for parts already delivered.

This content was produced with the assistance of AI translation services.