Hyundai Mobis Co Ltd

Hyundai Mobis has commenced full-scale mass production of PE systems, the integrated electric powertrain units that power EVs, at its new plant in Nováky, Slovakia, marking its first PE system production base in Europe and its third electrification facility in the region, following BSA plants in the Czech Republic and Spain. The facility, which held its grand opening ceremony attended by Slovak Prime Minister Robert Fico and other officials, has an annual capacity of up to 280,000 PE systems and represents an investment of approximately KRW 250 billion. The plant will supply key electrification components to Hyundai Motor, Kia, and other global automakers, supporting Hyundai Mobis's goal of increasing revenue from global customers to 40% by 2033.