Hyundai Mobis announced plans on October 16 to establish a new plant in Slovakia dedicated to the production of power electric (PE) systems, a key component in electric vehicles (EVs).
This decision follows the signing of an investment agreement with the Slovak government, solidifying Hyundai Mobis’ strategy to expand its electrification business in the European market.
Located in the Novaky region, the plant will be Hyundai Mobis’ first European base for producing integrated PE systems, which include motors, inverters, and reducers—essential components that drive EVs.
The company is set to invest approximately 350 billion won in this project, with 250 billion won allocated specifically for the PE system facility, which will have the capacity to produce 300,000 units annually.
In addition to this, Hyundai Mobis will invest 95 billion won to enhance its existing Zilina plant by adding production lines for electric vehicle braking systems and airbags. The new plant is expected to be completed by the second half of next year, contributing to both the region’s economy and Hyundai Mobis’ growth in the European EV market.
