# 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.

- Type: Contract
- Announced: 2023-12-06
- Where: United States
- Value: $229.0M (300.0B KRW)
- Status: announced
- Products: EV reducers, power conversion devices
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO International](https://endata.com/companies/44533.md)
- [POSCO International](https://endata.com/companies/44533.md) (supplier)
- [Hyvia](https://endata.com/companies/74252.md) (customer)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/electric-vehicles/newsView/ked202312060013), 2023-12-06: "We are rapidly shifting our focus toward eco-friendly car parts from the combustion engine-powered car parts business."
- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=207248), 2023-12-07: "POSCO International has recently announced on Dec. 6 that it has secured an order worth 300 billion won for eco-friendly car parts from a major U.S. automaker."

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