Hyundai Motor Group’s supplier, Hyundai Mobis, is investing around $256 million (350 billion won) in building new plants in

The Slovak government and South Korea's Hyundai Mobis have signed a memorandum of understanding to establish a plant in Slovakia that will produce engines and parts for electric cars

The Slovak government and South Korea Hyundai Mobis have signed a memorandum of understanding to establish a plant in Slovakia that will produce engines and parts for electric cars

Hyundai Mobis to establish its first European PE system production base in Novaky, Slovakia; investment agreement signed on the 15th. Plant will have an annual production capacity of 300,000 units, with completion targeted for the second half of next year.

The Slovak government and Hyundai Mobis have signed a memorandum of understanding on the South Korean company’s plan to build a plant for engines and other parts for electric cars in Slovakia

Hyundai Mobis, an auto parts manufacturer under Hyundai Motor Group, said Thursday that it signed an agreement with the Slovakian government to set up its first manufacturing plant for electric vehicle power systems in Europe.

Hyundai Mobis has signed an investment agreement with the Slovakian government for the construction of a new plant to produce electric drive components. The plant in Nováky is scheduled for completion by the second half of 2025.

In the safety and chassis sectors, Hyundai Mobis showcased world-first technologies in major core component areas such as airbags, lamps, braking, and steering systems.

Hyundai Mobis will set up its new production line for electric vehicle (EV) parts in Slovakia, the auto parts maker said Wednesday, to advance its position in the European power electric (PE) systems market.