Hyundai Mobis will invest 380 billion won (US$322 million) to build a second EV parts plant near Ulsan, South Korea, as part of Hyundai Motor Group's broader plan to produce hydrogen fuel-cell electric vehicles.
Maxrotech signed a contract with Kia Motors to supply industrial robot automation systems worth 5.63 billion won, representing 14.6% of its previous year's revenue.
Samkee Automotive signed a KRW 65.3 billion contract with Hyundai Motor and Kia Motors to supply two new engine parts for the North American market. The contract runs from February 2019 to December 2022.
Samkee Automotive signed a contract to supply T/CHAIN COVER & CRANKCASE to Hyundai and Kia Motors for the North American market. The contract is valued at approximately 65.3 billion KRW and runs from February 1, 2019 to December 31, 2022.
Maxrotek announced a 5.4 billion won contract with Kia Motors to supply industrial robot automation systems for domestic use, representing 14% of Maxrotek's recent revenue.
Samki Automotive (Samki Automotive Co., Ltd.) announced a supply contract with Hyundai/Kia Motors for new engine Bed Plate, Oil Pan, and T/C Cover parts. The contract is valued at KRW 127.73 billion and runs from January 1, 2020 to December 31, 2023, with supply to China.
Samkee Automotive signed a contract with Hyundai Motor and Kia Motors to supply cylinder blocks, valued at KRW 112,760,840,000, with a contract period from September 1, 2019 to August 31, 2023.