# POSCO International to supply 1.03 million drive motor cores to Hyundai and Kia

POSCO International announced a 10-year contract to supply 1.03 million drive motor cores for Seltos-class electric vehicles to Hyundai Motor and Kia's European plants, valued at 206 billion won. The company plans to build a production plant in Bzek, Poland, to support the order.

- Type: Contract
- Announced: 2024-01-18
- Where: Bzek, Poland, Poland
- Value: $155.0M (206.0B KRW)
- Status: announced
- Products: drive motor cores for electric vehicles
- 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)
- [Kia](https://endata.com/companies/10600.md) (customer)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/business/10924187), 2024-01-18: "POSCO International announced on the 18th that it will supply 1.03 million drive motor cores for Seltos-class electric vehicles to Hyundai Motor and Kia European plants."

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