Hyundai Mobis is strengthening its presence in the European electric vehicle market. Following the establishment of battery system production in the Czech Republic and Spain, the company has set up a production base for the PE system, known as the "heart of electric vehicles," in Slovakia, expanding its supply chain for electrification components in Europe.
On September 2, local time, Hyundai Mobis held a ceremony to mark the opening of its new PE system plant in Nováky, Slovakia. The PE system is a key driving component for electric vehicles, integrating the electric motor, inverter, and reducer.
Attendees at the event included Hyundai Mobis President Lee Kyu-seok, Slovak Prime Minister Robert Fico, Minister of Economy Denisa Sakova, Trenčín Governor Jaroslav Baška, officials from the European Commission, and representatives from major partners, totaling over 100 participants.
The newly opened Nováky plant is Hyundai Mobis's first PE system production facility in Europe. Spanning approximately 106,000 square meters, equivalent to 15 soccer fields, the plant has a total floor area of 8,500 square meters and is equipped to produce 280,000 PE systems annually. Hyundai Mobis has invested about 250 billion won to secure this production capacity, aiming to meet the demand of local automakers.
President Lee stated, "With more investment and effort, we will establish the Nováky PE system plant as a core hub for electrification in Europe. Hyundai Mobis's PE systems will lead the European electrification market with global automakers' strategic models equipped with our technology."
The Nováky plant is the third electrification production base in Europe, following the battery system plants in the Czech Republic and Spain. Hyundai Mobis plans to secure manufacturing capabilities for key electric vehicle components such as the BSA and PE system locally while building an ecosystem for electrification components through major production bases in Ulsan, Daegu, Chungju, Pyeongtaek, as well as in the United States, Czech Republic, Spain, and Indonesia.
Hyundai Mobis is also focusing on the growth potential of the European electric vehicle market, the second largest in the world after China. Establishing an electrification plant in Slovakia, where global automakers like Kia, Volkswagen, Stellantis, and Volvo have concentrated their production facilities, is part of a strategy to enhance local competitiveness in securing orders.
The company aims to expand its orders for electrification components from global automakers, increasing the proportion of non-affiliated sales. Previously, during a CEO Investor Day, Hyundai Mobis set a goal to raise the share of sales from global customers to 40% by 2033.
In the second quarter of this year, Hyundai Mobis reported consolidated sales of 16.3247 trillion won and an operating profit of 975.2 billion won, marking increases of 2.4% and 12.1%, respectively, compared to the same period last year. The growth was driven by increased sales to overseas automakers and the expansion of high-value-added electronic component supplies.
* This article has been translated by AI.
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