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Hyundai Mobis Signs Investment Agreement with Slovak Government to Establish New Electrification Plant

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

SEOUL, South Korea, Oct. 16, 2024 /PRNewswire/ -- Hyundai Mobis (KRX: 012330), is expanding its electrification business for global automakers by establishing an additional production base for crucial electric vehicle (EV) components in Europe. This will be the company's third electrification hub in Europe, following existing sites in the Czech Republic and Spain.

right) attended the signing ceremony on the 15th at the Slovak Government Office.
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