Woory Industrial

South Korean automotive component maker Woory Industrial has signed a 320 billion won contract to supply PTC heaters for electric vehicles to Daimler.

Woory Industrial signed a long-term contract with Hyundai Wia to supply components for electric vehicle heat management systems, including 3-way valves, expansion valves, PTC heaters, and e-compressors. The deal is worth 21.7 billion won and runs from 2023 to 2030.

Woory Industrial has secured a supply contract worth approximately 320 billion won from Daimler (Mercedes-Benz) for electric vehicle PTC heaters, signed in October 2021.