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GMB Korea disclosed a supply contract worth 46.03 billion won with Hyundai Motor and Kia for electric water pumps used to cool hydrogen vehicles. Deliveries run from October 1, 2027 to December 31, 2032.
Hyundai Motor Group and LG Energy Solution are investing another $2 billion in their battery cell joint venture at the Metaplant in Bryan County, Georgia, raising total JV investment above $4.3 billion and creating 400 jobs.
Korean automotive thermal management maker Hanon Systems announced a $40 million factory in Statesboro, Georgia, to supply HVAC parts to Hyundai and Kia near Hyundai's EV plant, hiring at least 160 people with operations targeted for May 2024.
Plastic Omnium won a major contract from Hyundai Motor Company to supply high-end hydrogen vessels produced in Korea, announced at the IAA in September 2021.
Vitesco Technologies won a major order, worth a triple-digit million euro sales volume, to supply 800-volt silicon carbide inverters for Hyundai Motor Group's new E-GMP electric vehicle platform.
Hands Corporation signed a supply contract for automotive aluminum wheels worth 53.2 billion KRW with Hyundai Motor Company, equal to 8.62% of its recent sales.
