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POSCO International to build $43.6M EV motor core plant in Mexico · Endata

◂ Announcements

Jan 12, 2022NEW FACILITYRamos Arizpe, Coahuila, Mexico

POSCO International to build $43.6M EV motor core plant in Mexico

POSCO International Corp. announced a $43.6 million plant in Ramos Arizpe, Coahuila, Mexico, to manufacture EV motor cores, with construction starting June 2022 and completion in H2 2023.

Value

$43.6M

Starts operating

Q3 2023

Status

Announced

Capacity

300,000 units per year initially, rising to 1.5 million by 2030

ProductsEV motor cores

CompaniesPOSCO International

Sectors#Automotive Components

“We decided to make this investment to target North America, the largest market for electric vehicles, and strategically prepare for the US government's green mobility policy.”mexicobusiness.news

1 source
mexicobusiness.newsPOSCO to Build EV Motor Plant in MexicoJan 12, 2022

Summarized from public sources; check the original articles before acting on it.

More from POSCO International

Nov 15, 2022CONTRACTSouth Korea
Posco Mobility Solution selected as supplier of drive motor cores for Hyundai Motor
Hyundai Motor Company customer POSCO International investor news.dealsitetv.com
Jul 7, 2022NEW FACILITYRamos Arizpe, Coahuila, Mexico$122.4Mops 2023
POSCO International breaks ground for EV motor core plant in Mexico
POSCO International POSCO partner en.yna.co.kr
Dec 2, 2021CONTRACTUnited States$6.00M
POSCO International signs $6M EV parts supply deal with Rivian
Rivian Automotive customer POSCO International supplier kedglobal.com
Dec 2, 2021CONTRACTUnited States$6.00M
POSCO International wins third EV parts contract from Rivian
POSCO International supplier Rivian customer fnnews.com
Nov 24, 2021CONTRACTUnited States$122.0M
Posco wins $122M contract to supply EV half shafts to Rivian
Rivian Automotive customer POSCO International supplier just-auto.com
Nov 24, 2021CONTRACTUnited States$122.0M
Posco International wins $122M half shaft supply deal with Rivian
POSCO International supplier Rivian customer koreaherald.com

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