In an unexpected move, Hyundai Mobis, a subsidiary of the renowned Hyundai Motor Group, has entered into a significant collaboration with Volkswagen AG, one of the leading names in the automotive industry. This partnership cements Hyundai Mobis as a key supplier of electric vehicle (EV) components for Volkswagen, specifically focusing on the Battery System Assembly (BSA), a critical component responsible for ensuring the optimal performance and safety of EV batteries. Scroll up and read more in detail.
Hyundai Motor Group Contract With Volkswagen AG
Volkswagen has chosen to utilize Hyundai Mobis’s BSA in its upcoming generation of electric vehicles, signaling a departure from its traditional approach of manufacturing everything in-house. This decision is remarkable considering the long-established rivalry between the two automotive giants. However, recent partnerships within the industry have demonstrated that collaborations between perceived competitors are becoming increasingly common.
There are speculations that Volkswagen’s strategic shift towards outsourcing electric vehicle components might be driven by the need for new technology or as a cost-saving measure. Regardless, this collaboration proves to be a significant victory for Hyundai Mobis, enabling the company to expand its BSA manufacturing operations around the globe.
To facilitate the supply of BSAs to Volkswagen, Hyundai Mobis has announced plans to establish a new production base in Spain, conveniently located in close proximity to Volkswagen’s existing manufacturing facility. Currently, Hyundai Mobis manufactures BSAs in Korea and the Czech Republic and is in the process of setting up new electric vehicle hubs in the United States and Indonesia.
Hyundai Mobis has further expressed its anticipation of receiving more orders for electric vehicle parts in the global market. This highlights the increasing demand for high-quality EV components, positioning Hyundai Mobis as a prominent player in the industry. With their expanding manufacturing capabilities and established partnerships, it is foreseeable that more companies will look to Hyundai Mobis as a reliable supplier of EV components in the future.
The collaboration between Hyundai Mobis and Volkswagen for electric vehicle components signifies a shift in the traditional dynamics of the automotive industry. By choosing Hyundai Mobis as its supplier for BSAs, Volkswagen looks to benefit from its expertise and technological advancements. Concurrently, Hyundai Mobis’s growth in its BSA manufacturing capabilities and its plans for further expansion is a testament to the continuous evolution of the electric vehicle market. The article concludes here with all the information presented. For more exciting developments, keep checking back with us.