Hyundai Mobis wins VW order for EV battery system assembly, to set up plant in Spain
Global auto parts vendor secures large order for Battery System Assembly, a key EV component, from Volkswagen AG; BSA to be integrated into next-generation EV-exclusive platforms and supplied from a new local production base to be built near Volkswagen plant in Spain.
Global auto parts vendor Hyundai Mobis has secured a large-scale overseas contract in the future mobility sector, specifically in the electric vehicle business. The company has secured an order for Battery System Assembly, an essential component of electric vehicles, from Volkswagen AG. The battery system assembly supplied by Mobis will be integrated into Volkswagen's next-generation electric vehicle platform.
The Battery System Assembly (BSA) refers to a complete product that combines a battery pack with the battery management system (BMS) and other components, to ensure the safe and efficient operation of the battery in an electric vehicle. High-capacity and high-efficiency battery systems are crucial components that greatly influence the quality and performance of electric vehicles. Mobis is known for its portfolio of battery systems that can be applied to all types of green vehicles called xEVs, including hybrids and battery electric cars.
Upping the ante for BSA production globally
Mobis plans to establish a new production base near an automobile plant in Spain to supply the BSAs. Currently, Mobis operates BSA production lines in Korea and the Czech Republic, with new EV also being set up in the United States and Indonesia.
With this recent order, Mobis has obtained a stable foundation to expand its presence in the global EV market across major regions. The expansion of global production bases with proactive investment and aggressive marketing activities centered on the key account management (KAM) teams for dedicated support for the local customers were the driving force of this large-scale order for EV components.
In light of this sizeable overseas contract, Mobis states that it is expecting additional orders for EV components in the global market. Recently, global automakers have been making massive investments in transitioning to electric vehicles, aiming to secure a leading position in the future mobility market ahead of their competitors.
Mobis began mass production of essential EV components over 10 years ago, when it opened Chungju Plant in Korea, a factory dedicated to the production of xEV components, in 2013.
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