Supply to Hyundai Motor and Hyundai Transys until 2036
Expected supply amount approaches 390% of Daedong Gear’s annual sales, “Daedong Gear, a powertrain specialist company of the Daedong Group, announced on the 3rd that it has secured a project to supply the assembly parts of next-generation hybrid vehicles, which are key components of the electrification drive system ‘e-Powertrain’ for Hyundai Motor and Hyundai Transys. Additionally, it secured an overseas EV platform reducer module project.”,
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, “The supply period is from 2025 to 2036. The expected supply amount is a total of 1.2398 trillion won, which is about 390% of Daedong Gear’s annual standalone sales as of 2023. Revenue will be generated starting from when the actual individual purchase orders (PO) are received.”,
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Daedong Gear Headquarters,
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, “Daedong Gear believes that it can rapidly secure business competitiveness in hybrid and electric vehicle core components through factors such as ▲the global industrial trend of electric vehicles and mobility ▲the capability built over 50 years in the internal combustion engine power transmission component business ▲and aggressive investments in the group’s mobility and robotics businesses, leading to its full-scale entry into this business in 2022.”,
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, “No Jae-eok, CEO of Daedong Gear, stated, “Based on this order, we will continue to expand our business areas into the domestic and international electric vehicle markets as well as the hybrid modular component business. We will strategically nurture our business by leveraging the technology, production, and sales know-how developed in the internal combustion engine power transmission components sector.”,
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