Hyundai Mobis, the core supplier for Hyundai Motor Group, announced a significant order from Volkswagen on Wednesday, marking a notable milestone in its partnership with the German automaker. South Korea’s largest automotive component supplier is set to supply Battery Techniques Assemblies (BSAs) for Volkswagen’s upcoming next-generation electric vehicle platform.
South Korean automotive parts supplier Hyundai Mobis has secured a major coup by agreeing to supply electric vehicle (EV) components to Volkswagen Group.
The Boy Scouts of America (BSA) is not mentioned in the original text. Here’s an improved version:
The Battery Safety Assembly integrates the battery management system, battery pack, and other components to ensure safe and eco-friendly operation.
Excessive-efficiency battery technologies play a crucial role in electric vehicles (EVs), directly impacting their overall performance and quality.
Although exact details of the agreement remain undisclosed, Hyundai Mobis claims the “substantial order” from Volkswagen serves as a testament to its competitive advantage in efficiently producing EV components.
Volkswagen plans to integrate Hyundai Mobis’ Battery Systems Alliance (BSA) technology into its forthcoming electric vehicle (EV) architecture. The German automotive manufacturer has recently forged several partnerships to tap into external expertise as it prepares to launch its forthcoming electric vehicle lineup.
Audi has confirmed its partnership with SAIC Motor, a Chinese state-owned automaker, in late July, paving the way for the development of new electric vehicles (EVs) and accelerated expansion in the region.
In a subsequent announcement, Volkswagen disclosed a substantial investment of $700 million, securing a near-5% equity stake in XPeng Motors. Volkswagen has announced plans to release two new electric vehicles built on XPeng’s Edward platform, which was utilised in the development of the G9 model.
Following unanimous board approval within 12 months, Hyundai Mobis intends to establish a new manufacturing facility near a Volkswagen automotive plant in Spain, dedicated to producing Battery Systems for Automotive (BSAs) specifically for Volkswagen. As of present, Mobis operates BSA manufacturing facilities in Korea and the Czech Republic, with new electric vehicle (EV) hubs currently being set up in the United States and Indonesia.
South Korean automotive parts supplier Hyundai Mobis anticipates a surge in global orders for electric vehicle (EV) components, driven by a substantial overseas agreement with Volkswagen (VW). The provider has been proactively preparing for a decade-long transformation into electric vehicle (EV) production, marked by the launch of its dedicated Chungju Plant, a state-of-the-art facility focused on xEV component manufacturing, since 2013.
Currently, the auto supplier generates approximately 90% of its total revenue from Hyundai Motor and Kia, while the remaining 10% comes from other major automotive companies such as General Motors, Stellantis, and Geely.
Electrek’s Take
Although the details remain undisclosed, Hyundai Mobis consistently emphasizes that the agreement is a substantial “large-scale,” sizeable, and intense commitment.
After grappling with complex software issues and supply chain disruptions for several years, Volkswagen is seeking outside expertise to overcome the obstacles that have delayed the rollout of its next-generation platforms and electric vehicles.
Despite industry trends pointing towards in-house manufacturing, Volkswagen’s decision to outsource production seems misguided.
