SM Vexel to supply EV parts worth $10.5M to Hyundai Transys

SM Vexel signed a contract to supply electric vehicle drive parts (mid-case and housing actuator) worth 14.5 billion KRW to Hyundai Transys, a parts affiliate of Hyundai Motor Group. The parts will also be supplied to Saudi Arabia's SEEAR electric vehicle company.

“As a specialized company in automotive parts and batteries, our advanced research and development (R&D) and aggressive investment have borne fruit with this contract.”asiae.co.kr

• 1 source
• asiae.co.krSM Vexel to Supply Electric Vehicle Parts Worth 14.5 Billion KRW to Hyundai Transys - The Asia Business DailyLee MinwooNov 25, 2024

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