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Hyundai Mobis has signed an investment agreement with the Slovak government to establish a new electric vehicle (EV) component production plant in Novaky, Slovakia. This new facility will focus on producing PE systems, a key component for electric vehicles. The new plant, expected to be completed in the second half of next year, aims to boost Hyundai Mobis’s annual production capacity to 300,000 units. The investment includes expansion within an existing facility in Zilina for braking systems.
Key Highlights
- First European PE system production plant in Novaky, Slovakia.
- Annual production capacity of 300,000 PE systems for the European market.
- Investment of KRW 350 billion for the new production base and expanded facilities.
Hyundai Mobis is advancing its electrification strategy in Europe by establishing a new production facility in Slovakia, its third electrification hub in the region, following sites in the Czech Republic and Spain. This initiative highlights the company’s commitment to supporting the growing demand for electric vehicle components among global automakers.
The investment agreement with the Slovak government was signed on August 15th, with Hyundai Mobis President Lee Gyu Suk and Slovak Prime Minister Robert Fico in attendance. The ceremony took place at the Slovak Government Office in Bratislava, emphasizing the significance of this strategic collaboration for expanding Hyundai Mobis’s electrification footprint in Central Europe.
The new plant in Novaky will specialize in the production of Power Electric (PE) systems, which are integrated drive units that combine the electric motor and inverter for optimal performance. This will be Hyundai Mobis’s first production base for PE systems in Europe, positioning the company to better meet the growing market demand for EV components.
In addition to the new plant, Hyundai Mobis is also expanding its existing facility in Zilina, Slovakia, to include new production capabilities for braking systems and airbags. The total investment in these projects will be approximately KRW 350 billion, including KRW 250 billion dedicated to the construction of the Novaky plant and KRW 95 billion for the expansion of the Zilina facility.
Hyundai Mobis President Lee Gyu Suk expressed his enthusiasm for the partnership, stating, “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 expansion is part of Hyundai Mobis’s larger strategy to enhance its global electrification capabilities and bolster its role as a leading supplier of EV components. The Novaky plant will cover 105,700 square meters and will be ready for production in the second half of next year, with a production capacity of 300,000 units annually.
About Mobis
Mobis is the global sixth-largest automotive supplier, headquartered in Seoul, Korea. The company excels in sensors, sensor fusion in ECUs, and software development for safety control. Its product portfolio includes components for electrification, brakes, chassis, steering, airbags, lighting, and automotive electronics. Mobis operates R&D headquarters in Korea, along with four technology centers located in the United States, Germany, China, and India. For more information, please visit Mobis’s website.
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