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Hyundai Motor Group orders Vitesco EMR4 axle drives for new EVs · Endata

◂ Announcements

May 7, 2022CONTRACT

Hyundai Motor Group orders Vitesco EMR4 axle drives for new EVs

Hyundai Motor Group has placed a major order for Vitesco Technologies' EMR4 axle drives, valued at approximately €2 billion ($2.1 billion), for use in new global B/C-segment electric vehicles.

Value

$2.10B (2.00B EUR)

Status

Announced

ProductsEMR4 axle driveelectric vehicle drivetrain

CompaniesHyundai Motor Company customer Vitesco Technologies supplier

Sectors#Automotive Components

“We are proud to contribute to Hyundai Motor Group's upcoming electric vehicle platform with this highly attractive axle drive.”insideevs.com

1 source
insideevs.comHyundai Motor Group Orders Vitesco EMR4 Axle Drives For New EVsMark KaneMay 7, 2022

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

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