# Posco signs $115M deal to supply drive motor shafts to US automaker

Posco has agreed to a seven-year deal worth KRW150 billion ($115 million) to supply drive motor shafts to another US automaker, starting in 2024.

- Type: Contract
- Announced: 2023-11-09
- Value: $115.0M
- Status: announced
- Products: drive motor shafts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO International](https://endata.com/companies/44533.md) (supplier)

## Sources

- [just-auto.com](https://www.just-auto.com/news/posco-inks-ev-parts-deal-with-us-automaker/), 2023-11-09: "Posco has agreed to supply drive motor shafts to another US based automaker, also starting in 2024."

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