POSCO Inter supplies 3.53 million eco-friendly car key parts to Hyundai Motor Company

POSCO International announced on the 14th that it has signed a contract to supply 3.53 million drive motor cores to Hyundai Motor Group. Drive motor cores are key components of electric vehicles, and POSCO International's subsidiary, POSCO Mobility Solutions, is the No. 1 manufacturer in South Korea.

Under this contract, POSCO International will supply 1.09 million next-generation electric vehicle front-wheel drive motor cores and 1.63 million rear-wheel drive motor cores to Hyundai Motor Group's new North American plant from 2026 to 2034. Additionally, it will deliver 810,000 rear-wheel drive motor cores to domestic factories from 2026 to 2036.

Drive motor core produced by POSCO Mobility Solutions

Since November last year, the total orders POSCO International has secured with Hyundai Motor Group have reached 10.38 million units. POSCO products will also be used in next-generation hybrid SUVs and flagship electric vehicles. The company explained, "This is a synergy created by our proprietary technology and infrastructure combined with POSCO's high-quality non-oriented electrical steel, which is the main raw material."

POSCO's non-oriented electrical steel is praised for reducing energy loss compared to conventional steel sheets. To facilitate local procurement for automakers overseas, POSCO International plans to build factories with an annual capacity of 5 million units in China, Mexico, Poland, and India by 2030.

Hydrogen car model equipped with a drive motor core

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