South Korean manufacturer POSCO International has secured an order for several million drive motor cores to be fitted on Hyundai-Kia’s Seltos class EVs and produced locally in Europe from 2025 to 2034.
The order supports POSCO’s plans to build a production plant in Brzeg, Poland, which will become the center of its European drive motor core business. Construction of the new 100,000-square-meter facility is expected to start in the first half of this year and finish in the first half of 2025.
POSCO aims to produce 1.2 million drive motor cores per year in Europe by 2030. By 2030, POSCO International also hopes to produce and sell over 7 million drive motor cores per year in South Korea (Pohang, Cheonan), Mexico, Poland, China and India.
“This order is meaningful because Hyundai Motor Group, an eco-friendly automobile company, will continue to collaborate with us in Europe following the US,” said an official from POSCO International.
Source: POSCO International
