Kodaco receives LOI from BorgWarner for $390B won supply contract

Kodaco, an aluminum die-casting auto parts company, received a letter of intent from BorgWarner for a supply contract worth approximately 390 billion won for battery cases and gearboxes for Ford BEVs, to be produced at its Mexico plant through December 2024.

“코다코는 16일 미국의 보그워너(Borg-Warner)에서 약 390억원 규모의 제품 공급계약에 대한 LOI(사업의향서·Letter of intent)를 받았으며 곧 계약이 체결될 예정이라고 밝혔다.”etoday.co.kr

• 1 source
• etoday.co.kr코다코, 美 보그워너∙佛 발레오 등과 약 430억 자동차부품 공급 계약 논의 - 이투데이Jul 16, 2018

Summarized from public sources; check the original articles before acting on it.