# Vitesco secures €2B contract from Hyundai for axle drive EMR4

Vitesco Technologies secured a €2 billion contract from Hyundai Motor Group to supply its new-generation axle drive EMR4 for global B- and C-segment electric cars.

- Type: Contract
- Announced: 2022-05-02
- Value: $2.10B (2.00B EUR)
- Status: announced
- Products: axle drive EMR4
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)
- [Vitesco Technologies](https://endata.com/companies/7771.md) (supplier)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5265530/vitesco-bags-usd21-billion-contract-from-hyundai-to-supply-axle-drive-emr4), 2022-05-03: "Vitesco Technologies has secured a EUR2-billion (USD2.1 billion) contract from Hyundai Motor Group to supply its new-generation axle drive EMR4."

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