Mando Selected as Strategic Partner by Volkswagen Group... Wins Order for 50 Million Suspensions

Mando's Suspension Design Concept for Electric Vehicles

[Photo by Mando]

[Asia Economy Reporter Ki-min Lee] Auto parts specialist Mando announced on the 22nd that it has secured an order for 50 million suspension products from the Volkswagen Group.

This order represents the largest single suspension item order in Mando's history. As a strategic partner of Volkswagen, Mando plans to produce and supply suspension products locally in Europe from June 2021 to 2033.

The order includes most of Volkswagen's electric vehicle platform (MEB) key models in Europe, as well as best-selling internal combustion passenger models and commercial models from the Volkswagen and Audi brands. The passenger cars include about 10 models such as Golf, Tiguan, and Passat, while the commercial vehicles include the Caddy.

Volkswagen Group, the world's top-selling automaker, has set an aggressive goal of cumulative electric vehicle sales of 26 million units by 2029 and is focusing on market dominance with the full launch of the ID3 and ID4 electric vehicles.

Mando explained that Volkswagen's choice this time is a strategic move targeting the electric vehicle market and the autonomous driving era. The suspension is a component that connects the wheels and the vehicle body; four suspension parts support the vehicle body load and absorb road shocks. Additionally, the suspension plays a decisive role in ride comfort and driving stability, so the quietness of fully autonomous vehicles is also achieved by the suspension.

Jung-hyun Cho, Mando's CEO, said, "This Volkswagen electric vehicle platform suspension order will be a major turning point for Mando's European business leap," adding, "As Mando has become a strategic partner of the Volkswagen Group, we will also seek cooperation in other chassis product lines."

Meanwhile, leveraging the European Volkswagen order, Mando also plans to collaborate with Volkswagen China. Mando suspension began mass production in Beijing, China, in 2002 and established a production base in Ningbo as well. Last year, Mando China supplied 14 million suspension units, equivalent to 3.5 million vehicles, to local automakers.

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