Magnetics Business & Technology - March/April 2025 - 26
INDUSTRY NEWS
Hyundai Mobis Goes All In for Leadership in Automotive Electrification - Multiple New
Plants, Advancement in Electromagnetic Systems Design & Materials
Lee Young-Kook, Vice President of Electric Powertrain Engineering Division of Hyundai Mobis explains the technology roadmap at Uiwang
Research Center in South Korea.
Tier-1 components manufacturer Hyundai Mobis is striding forward
aggressively to build a leadership position in automotive
electrification. New efforts unveiled in October include plans to
build another major new electrification plant in Europe, plus a
roadmap for advanced technology development with design of
innovative drive systems, electromagnetic systems and nickelfree
materials for inductors among the key elements.
Recently, it agreed to establish its first European power electric
(PE) system production base in Novaky, Slovakia. The plant
will have an annual production capacity of 300,000 units, with
completion targeted for the second half of next year. It follows
previous electrification sites in the Czech Republic and Spain.
The move comes in response to rising protectionism and the
adjustment of automakers' EV transition pace in Europe, with
Hyundai Mobis taking a proactive approach through local
investment and market localization to capitalize on global electrification
opportunities.
A PE system is a key component of an electric vehicle (EV)
that drives the vehicle and replaces the engine and transmission
of a conventional internal combustion engine. Components
include motor, speed reducer, inverter, and battery. The motor
generates torque as soon as it starts to rotate. The PE system
integrates the motor, decelerator, and inverter into a single unit.
The new production base will involve an approximately KRW
26 Magnetics Business & Technology * March/April 2025
Hyundai Mobis President Lee Gyu Suk, left, and Slovak Prime Minister
Robert Fico announce new electrification plant in Slovakia.
350 billion investment. The plant will occupy a site of approximately
105,700 square meters (equivalent to 14 soccer fields),
with KRW 250 billion dedicated to its construction, which is
slated for completion by the second half of next year. Once
operational, the plant will have the capacity to produce 300,000
PE systems annually for the European market. An additional
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Magnetics Business & Technology - March/April 2025
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Magnetics Business & Technology - March/April 2025 - Contents
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