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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Daedong Gear secures KRW 1.24 trillion order for electrified vehicle parts · Endata

◂ Announcements

Dec 3, 2024CONTRACTSouth Korea

Daedong Gear secures KRW 1.24 trillion order for electrified vehicle parts

Daedong Gear secured a project to supply core components for Hyundai Motor and Hyundai Transys' electrified drive systems, including ASS'Y parts for hybrid vehicles and reducer modules for EV platforms, with an estimated supply value of KRW 1.2398 trillion from 2025 to 2036.

Value

$900.0M (1239.8B KRW)

Status

Announced

ProductsASS'Y parts for hybrid drive systemsreducer modules for EV platforms

CompaniesHyundai Motor Company customer Hyundai Transys customer Daedong Gear supplier

Sectors#Automotive Components

“Daedong Gear Co., Ltd., a powertrain specialist subsidiary of Daedong Group, announced on December 3 that it has secured a project to supply core components for Hyundai Motor Company and Hyundai Transys' electrified drive system, the 'e-powertrain.'”daedong-kioti.com

1 source
daedong-kioti.comDaedong Gear secures KRW 1.24 trillion order for core parts of electrified vehiclesDec 3, 2024

Summarized from public sources; check the original articles before acting on it.

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