POSCO International breaks ground for EV motor core plant in Mexico

POSCO International began construction of an electric vehicle motor core plant in Ramos Arizpe, Mexico. The plant will cost about US$122.4 million by 2030, with initial investment of $27.5 million in 2022, and aims to produce 650,000 units per year by 2025 and 1.5 million units annually by 2030.

“POSCO International Corp., a unit of South Korean steel giant POSCO Holdings Inc., said Thursday it has begun the construction of an electric vehicle (EV) parts plant in Mexico as it pushes to expand its EV-related business.”en.yna.co.kr

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• en.yna.co.krPOSCO International breaks ground for EV parts plant in Mexico | Yonhap News AgencyKim Seung-yeonJul 7, 2022

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