Summary
- Hyundai Mobis is investing $256 million in building new plants for EV parts in Slovakia
- The company is a key supplier to Hyundai Motor Group, as well as other automakers like Volkswagen and Mercedes-Benz
- The new plant will include Hyundai’s first EV power systems production plant in Europe
- Hyundai Mobis plans to have the plant operational in the second half of next year
- The company is also expanding in North America and has plans to build a new BSA plant in Spain for Volkswagen.
Article
Hyundai Mobis, the supplier for Hyundai Motor Group, is investing around $256 million in building new plants in Slovakia for EV parts. The new production base will include Hyundai’s first EV power systems production plant in Europe and will be a key factor in conquering the European electrification market. The company is already a major player in the global auto parts industry, supplying parts to automakers like Volkswagen and Mercedes-Benz. To support its expansion in the EV market, Hyundai Mobis is building a new EV parts plant in Slovakia, which will cover an area equivalent to 14 soccer fields and will be operational by the second half of next year.
The new production base in Slovakia will focus on producing power electric (PE) systems for electric vehicles, which integrate the electric motor, inverter, and reducer. It will also include a new plant for EV braking systems at the existing Zilina facility. Hyundai Mobis already produces EV battery systems (BSA) in the Czech Republic and is building a new BSA plant in Spain to supply Volkswagen. The company announced a large-scale order from Volkswagen last year to power its next-gen EVs. These investments in EV parts production facilities are part of Hyundai Mobis’ strategy to expand its global footprint and remain at the forefront of the electric vehicle market.
Slovakia, where the new production base is being established, is home to leading automakers like Kia, Volkswagen, Stellantis, and Jaguar Land Rover. Hyundai Mobis sees this location as a key bridgehead for conquering the European electrification market. Despite some automakers adjusting their EV goals, the company still expects the electric vehicle market in Europe to grow steadily. In addition to its presence in Europe, Hyundai Mobis is also expanding in North America with a local battery and PE systems production base set to open later this year. This expansion is part of the company’s commitment to leading the charge in the electric vehicle industry with innovations in autonomous driving, advanced sensors, parking assist systems, displays, and infotainment connectivity.
The PE system and BSA produced at the new plant in Slovakia are key components of electric vehicles, with the former integrating the electric motor, inverter, and reducer, while the latter includes the battery management system, battery pack, and other components for safe and efficient operation. Hyundai Mobis is focused on developing next-gen technologies to meet the growing demand for electric vehicles globally. The company’s innovations in autonomous driving, advanced sensors, parking assist systems, displays, and infotainment connectivity are aimed at enhancing the overall driving experience for customers. With the establishment of new production bases in Slovakia, the Czech Republic, Spain, and North America, Hyundai Mobis is positioning itself as a leader in the EV parts industry and remains committed to driving the future of mobility.
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