Hyundai Mobis Will Supply EV Battery Systems To Volkswagen Group

Hyundai Mobis (a part of the Hyundai Motor Group) introduced as we speak that it efficiently secured a large-scale abroad contract for EV elements from Volkswagen AG.

The settlement is particularly associated to Battery System Meeting (BSA), which Hyundai Mobis describes as “a whole product that mixes a battery pack with the battery administration system (BMS) and different elements, to make sure the secure and environment friendly operation of the battery in an electrical car.”

In keeping with the South Korean provider, its BSA might be built-in into Volkswagen’s next-generation electrical car platform. Not solely that. Hyundai Mobis will construct a brand new native manufacturing base in Spain, close to the client’s plant.

There are not any extra particulars, nevertheless it sounds to us that the Volkswagen Group has determined to supply BSA (primarily battery packs) for its upcoming all-electric fashions (like the Volkswagen ID.2), based mostly on the MEB Entry platform, from Hyundai Mobis, reasonably than producing all the things in-house. The entry-level BEVs from the Volkswagen Group (Volkswagen, Skoda, Seat/Cupra) have been related to Spain for a very long time, and scheduled for 2025.

It’s extremely fascinating information and a little bit bit stunning as a result of massive OEMs just like the Volkswagen Group and Hyundai Motor Group are normally seen as rivals. Alternatively, after the recent partnership between Audi and SAIC in China, and the purchase of a roughly five percent stake in XPeng, ought to we be stunned by something?

It is laborious to say for positive, however the Volkswagen Group seems to be adjusting its electrification technique, with probably extra outsourcing. We additionally ponder whether it is due to necessity – technological or monetary – or simply a chance. In July, we heard a report that Volkswagen brand CEO Thomas Schafer reportedly said during an internal meeting that “the roof is on fire.”

Anyway, it is a large win for Hyundai Mobis, which at the moment is rapidly increasing its BSA manufacturing capability around the globe, together with in the USA.

“Mobis plans to ascertain a brand new manufacturing base close to an vehicle plant in Spain to produce stated BSAs after acquiring board approval inside this yr. At the moment, Mobis operates BSA manufacturing strains in Korea and the Czech Republic, with new electrical car hubs additionally being arrange in the USA and Indonesia.”

“Mobis is understood for its portfolio of battery techniques that may be utilized to all forms of inexperienced autos known as xEVs, together with hybrids and battery electrical vehicles.”

Hyundai Mobis famous additionally that it “is anticipating further orders for electrical car elements within the world market,” so there’s a probability that we’d see extra OEMs in search of EV elements from the South Korean group.