# Hyundai Transys signs $2.2B EDS supply deal with Ceer

Hyundai Transys signed a 10-year contract worth KRW 3 trillion ($2.18 billion) to supply its integrated electric drive system to Saudi EV maker Ceer, starting in 2027.

- Type: Contract
- Announced: 2024-06-12
- Where: Saudi Arabia
- Value: $2.18B
- Status: announced
- Products: integrated electric drive system
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ceer](https://endata.com/companies/30631.md) (customer)
- [Hyundai Transys](https://endata.com/companies/39515.md) (supplier)

## Sources

- [alborsaanews.com](https://alborsaanews.com/2024/06/12/1800994), 2024-06-12: "Hyundai Transys, a components subsidiary of Hyundai Motor Group, announced it had signed a 10 year contract to supply its integrated Electric Drive System (EDS) to Ceer Motors."
- [just-auto.com](https://www.just-auto.com/news/hyundai-transys-signs-10-year-bev-deal-with-ceer/), 2024-06-12: "Hyundai Transys, a components subsidiary of Hyundai Motor Group, announced it had signed a 10 year contract to supply its integrated Electric Drive System (EDS) to Ceer Motors."

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