# 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.

- Type: Contract
- Announced: 2018-07-16
- Where: Mexico, Mexico
- Value: $350.0M (390.0B KRW)
- Status: announced
- Products: battery cases, gearboxes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BorgWarner](https://endata.com/companies/751.md) (customer)
- [Ford](https://endata.com/companies/1343.md) (customer)
- [Kodaco](https://endata.com/companies/21143.md) (supplier)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1641913), 2018-07-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.