# 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.

- Type: Contract
- Announced: 2022-05-07
- Value: $2.10B (2.00B EUR)
- Status: announced
- Products: EMR4 axle drive, electric vehicle drivetrain
- 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

- [insideevs.com](https://insideevs.com/news/583790/hyundai-ordered-vitesco-emr4-axle-drives/), 2022-05-07: "We are proud to contribute to Hyundai Motor Group's upcoming electric vehicle platform with this highly attractive axle drive."

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