# 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.

- Type: Contract
- Announced: 2024-11-25
- Where: South Korea
- Value: $10.5M (14.5B KRW)
- Status: announced
- Products: mid-case, housing actuator
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Transys](https://endata.com/companies/39515.md) (customer)
- [SM Vexel](https://endata.com/companies/81283.md) (supplier)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024112509091006328), 2024-11-25: "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."

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