# Deokyang Industry wins KRW 1.6 trillion cockpit module contract for Hyundai Ioniq 5

Deokyang Industry, a first-tier supplier to Hyundai Motor, has signed a contract to supply cockpit modules for the Ioniq 5 electric vehicle based on the E-GMP platform. The contract is valued at approximately KRW 1.6 trillion over six years.

- Type: Contract
- Announced: 2021-04-08
- Where: South Korea
- Value: $1.42B (1600.0B KRW)
- Status: announced
- Products: cockpit modules for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)
- [Deokyang Industry](https://endata.com/companies/54324.md) (supplier)

## Sources

- [seoul.co.kr](https://www.seoul.co.kr/news/Brandnews/2021/04/08/20210408500043), 2021-04-08: "덕양산업은 현대자동차 전기차 전용 플랫폼인 아이오닉 5와 관련해 향후 6년 간 1조 6000억원 규모의 칵핏 모듈 생산 계약을 체결해 공급 중이다."

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