The plant, to be built in Novaky, will produce power electric (PE) systems, which integrate electric motors, inverters and gear heads. It marks the company's first PE system production base in Europe, with construction scheduled to be finished in the second half of 2025.
"We will expand our electrification business opportunities in Central Europe, centered on the new PE system plant to be built in Nováky with the support of the Slovak government," said Hyundai Mobis CEO Lee Kyu-seok at the signing ceremony with Slovak Prime Minister Robert Fico.
