Seoul, South Korea- Hyundai Mobis Co., Ltd., is expanding its electrification business by establishing a new production base for essential electric vehicle (EV) components in Europe. This marks the company's third electrification hub in the region, joining existing sites in the Czech Republic and Spain.
On October 16, Hyundai Mobis announced an investment agreement with the Slovak government to build a new plant for producing a PE system, a key EV component, in Novaky. Additionally, it will construct a factory for electric vehicle braking systems at its existing facility in Zilina. Hyundai Mobis President Lee Gyu Suk and Slovak Prime Minister Robert Fico attended the signing ceremony in Bratislava.
Hyundai Mobis currently produces battery systems (BSA) in the Czech Republic and is constructing a battery system plant in Spain. The new plant in Novaky, Slovakia, will be its first European facility focused on producing PE (Power Electric) systems, which are integrated drive units combining an electric motor and inverter for optimal performance.
Mr. Lee Gyu Suk, Hyundai Mobis President, "With the support of the Slovak government, we will expand our electrification business in Central Europe, centered around the new PE system plant in Novaky."
The new Slovak production base will involve an investment of approximately KRW 350 billion. The electrification plant will cover about 105,700 square meters, with KRW 250 billion allocated for its construction, set to be completed by the second half of next year. Once operational, the plant will produce 300,000 PE systems annually for the European market. Additionally, KRW 95 billion will be invested in new facilities for braking systems and airbags at the existing Zilina plant.
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