SEOUL, October 02 (AJP) - Posco International has opened a new factory in Poland to produce drive motor cores, a critical component for electric vehicles.
The plant, located on a 100,000-square-meter site, will begin trial production this month, with full-scale operations scheduled for December.
Drive motor cores, often described as the “heart” of an electric vehicle, form the core of the motor that powers the car. Posco International’s version incorporates non-oriented electrical steel made by its parent, Posco Group, and the company’s own Emfree technology, designed to boost energy efficiency while reducing noise and vibration.
The Polish plant will have capacity to produce 1.2 million drive motor cores annually, enabling the company to supply parts for Hyundai and Kia vehicles built in Europe, with plans to expand to automakers including Volkswagen. By 2030, Posco International expects its facilities in South Korea, Mexico, Poland and India to collectively supply cores for 7.5 million vehicles a year.
The company has already secured contracts to provide drive motor cores for 35 million vehicles through 2033. It is targeting a 10 percent share of the global market for the component by the end of the decade.
Revenue from the business is forecast to rise from 450 billion won this year to 1.5 trillion won by 2030.
“The Polish plant is a key base for capturing the European EV market,” Lee Gye-in, president of Posco International, said in a statement. “Posco Group will lead the future mobility market with its integrated capabilities in EV steel, battery materials and components.”
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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