# Woory Industrial secures Hyundai Wia as customer for EV heat management components

Woory Industrial signed a long-term contract with Hyundai Wia to supply components for electric vehicle heat management systems, including 3-way valves, expansion valves, PTC heaters, and e-compressors. The deal is worth 21.7 billion won and runs from 2023 to 2030.

- Type: Contract
- Announced: 2021-11-18
- Where: South Korea
- Value: $18.3M (21.7B KRW)
- Status: announced
- Products: 3-way valves, expansion valves, PTC heaters, e-compressors, heat management system components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Woory Industrial](https://endata.com/companies/59095.md)
- [Hyundai Wia](https://endata.com/companies/18020.md) (customer)

## Sources

- [thelec.net](https://www.thelec.net/news/articleView.html?idxno=3592), 2021-11-18: "The company signed a long-term contract to supply components for the heat management system in electric vehicles."

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