# LS Cable & System to supply magnet wire for Hyundai and Kia EVs

LS Cable & System will be the sole supplier of magnet wire for drive motors of Hyundai IONIQ 5 and Kia EV6 electric vehicles. The contract is expected to generate over KRW 200 billion in sales over six years.

- Type: Contract
- Announced: 2021-03-31
- Where: South Korea
- Status: announced
- Products: magnet wire for EV drive motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LS Cable & System](https://endata.com/companies/21025.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)
- [Kia](https://endata.com/companies/10600.md) (customer)

## Sources

- [wirenet.org](https://wirenet.org/industry-news/ls-cable-system-to-supply-magnet-wire-for-hyundai-electric-vehicle-drive-motors/), 2021-03-31: "We are certain that the wires and parts business, which serves as the blood vessels of the heart, will also grow rapidly, so we are fostering them as new growth engines."

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