# POSCO International to supply EV motor cores to Hyundai Motor Group

POSCO International signed a contract to supply 3.5 million traction motor cores for EVs to Hyundai Motor Group, worth about 900 billion won ($677.6 million). Deliveries will go to Hyundai's new Metaplant America in Georgia from 2026-34 and to domestic production.

- Type: Contract
- Announced: 2023-09-15
- Where: Ellabell, Georgia, United States
- Value: $677.6M
- Status: announced
- Products: traction motor cores for EVs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO International](https://endata.com/companies/44533.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)

## Sources

- [kedglobal.com](https://www.kedglobal.com/automobiles/newsView/ked202309150002), 2023-09-15: "This order is significant in that we will directly supply traction motor cores, a key component of a traction motor, to the new overseas plant of Hyundai Motor Group."

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