# Posco wins $122M contract to supply EV half shafts to Rivian

Posco International, together with Erae Ams Company, won a KRW 145 billion ($122 million) contract to supply half shafts for 340,000 Rivian EVs. Parts shipments are to begin next year.

- Type: Contract
- Announced: 2021-11-24
- Where: United States
- Value: $122.0M (145.0B KRW)
- Status: announced
- Products: EV half shafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rivian Automotive](https://endata.com/companies/39516.md) (customer)
- [POSCO International](https://endata.com/companies/44533.md) (supplier)
- [Erae AMS](https://endata.com/companies/50503.md) (supplier)

## Sources

- [just-auto.com](https://www.just-auto.com/news/posco-wins-major-order-from-rivian/), 2021-11-24: "South Korean steel maker Posco has won a KRW145bn (US$122m) contract to supply EV half shafts for vehicles produced by Rivian Automotive."

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