# Daedong Gear wins $137M EV parts order from Hyundai Motor

Daedong Gear Co. announced on January 25, 2024 that it has won a 183.6 billion won ($137 million) components order from Hyundai Motor Co. for Output Shaft Sub Ass'y for Hyundai's new EV platform. The supply period is from 2025 to 2036.

- Type: Contract
- Announced: 2024-01-25
- Where: South Korea
- Value: $137.0M
- Status: announced
- Products: Output Shaft Sub Ass'y for EV drivetrain
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Daedong Gear](https://endata.com/companies/75246.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)
- [Daedong Gear](https://endata.com/companies/75246.md) (supplier)

## Sources

- [kedglobal.com](https://www.kedglobal.com/automobiles/newsView/ked202401250009), 2024-01-25: "Daedong Gear Co. announced on Thursday that it has won a 183.6 billion won ($137 million) components order from Hyundai Motor Co. for the automaker's new electric vehicle (EV) platform Output Shaft Sub Ass'y."
- [just-auto.com](https://www.just-auto.com/news/daedong-to-supply-transmission-shafts-for-hyundai-evs/), 2024-01-26: "Daedong has agreed to supply output shaft sub assemblies, which transfer power from the drivetrain to the wheels, between 2025 and 2036 for Hyundai’s new EV platform."

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