The overseas expansion of electric vehicle-specific components is also speeding up, along with electric vehicles and batteries.
Hyundai Mobis announced its successful order for electric vehicle battery systems (BSA) from Volkswagen of Germany.
BSA is a vital electric vehicle component that includes a complete assembly of battery packs, battery management systems (BSM), and other elements.
Volkswagen will use Hyundai Mobis' supplied BSA in their upcoming next-generation electric vehicle platform.
Hyundai Mobis will produce BSA in Europe and supply Volkswagen. They'll set up a new production facility near a Volkswagen plant in Spain with board approval this year.
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