Hyundai Mobis, a Hyundai Motor affiliate, has secured a large-scale contract to supply a key electric vehicle component to Volkswagen AG, the world’s second-largest carmaker.
South Korean auto parts maker said on Wednesday it will supply Volkswagen with its Battery System Assembly (BSA), an essential component of electric vehicles, a core EV component, which will be used for the Volkswagen’s next-generation EV platform.
The 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.
Mobis plans to establish a new production base near an automobile plant in Spain to supply said BSAs after obtaining board approval within this year. Currently, Mobis operates BSA production lines in Korea and the Czech Republic, with new electric vehicle hubs 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 electric vehicle 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.
