POSCO International wins $229M EV reducer order from US carmaker

POSCO International won an order worth about 300 billion won ($229 million) from a major US carmaker to deliver EV reducers from 2024 to 2032. The company also signed a 100 billion won deal to supply power conversion devices for Hyvia's hydrogen fuel-cell cars.

“We are rapidly shifting our focus toward eco-friendly car parts from the combustion engine-powered car parts business.”kedglobal.com

• 2 sources
• kedglobal.comPOSCO International wins green car parts orders from US, Europe - KED GlobalMi-Sun KangDec 6, 2023
• businesskorea.co.krPOSCO International Secures 300 Billion Won Order for Eco-friendly Car Parts from US-based Automaker - BusinesskoreaJasmine ChoiDec 7, 2023

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