Vitesco bags USD2.1-billion contract from Hyundai to supply axle drive EMR4

News
New Product Development

Vitesco’s 400 V/160 kW 3-in-1 unit will be used by Hyundai Motor in its global B- and C-segment electric cars

German supplier of powertrain components and electric mobility solutions Vitesco Technologies has secured a EUR2-billion (USD2.1 billion) contract from Hyundai Motor Group to supply its new-generation axle drive EMR4 (electronics motor reducer), the company announced on 2 May 2022.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload