Capable of producing 5 million EV relays and 4 million BDUs
[인더스트리뉴스 조창현 기자] In order to target the North American electric vehicle market, a domestic company recently secured a production base in Mexico. LS Electric announced on the 5th that it is holding a completion ceremony for its electric vehicle parts subsidiary LS e-Mobility Solutions’ factory in Durango, Mexico.
LS E-Mobility Solutions held a completion ceremony for its Durango plant in Mexico. [사진=LS일렉트릭]
LS Electric said Chairman Ja-Kyun Koo visited the LS E-Mobility Solutions factory in Durango, Mexico, explored the North American electric vehicle market, and encouraged the company to grow to be the best electric vehicle parts company in North America with the best quality and technological capabilities.
At the event, about 50 key officials, including Chairman Koo, LS E-Mobility Solutions CEO Kim Won-il and LS E-Mobility Solutions Mexico Corporation President Yoo Seung-woo, attended the event.
Chairman Koo said, “LS E-Mobility Solutions is expected to achieve great results as it has boldly and quickly secured a production base to target the North American market, the world’s largest electric vehicle market,” adding, “Investment in the business electric vehicles in the age of electrification.” “Being recognized as essential, LS E-Mobility Solutions will grow to be the best electric vehicle parts company in North America and play a central role in our core business going forward,” he said.
LS Electric Chairman Ja-Kyun Koo visits the LS E-Mobility Solutions factory in Durango, Mexico, and inspects the production line. [사진=LS일렉트릭]
According to LS Electric, Durango is a city in northern Mexico that has advantages in production and logistics when establishing a localization strategy in North America. The Durango LS E-Mobility Solutions factory has a total floor area of 35,000 m2 and has the capacity to produce 5 million EV transmissions and 4 million BDUs (Battery Disconnect Units).
The Durango plant is the first overseas factory built by LS E-Mobility Solutions after its physical spin-off from LS Electric in April 2022. In particular, LS E-Mobility Solutions has secured its third production base following Cheongju in North Province Chungcheong and Wuxi in China through the completion of the Durango plant.
LS e-Mobility Solutions has confirmed its partnerships with the Big 3 automakers in North America, including Ford and Stellantis, and expanded its EV and BDU (Battery Disconnect Unit) production lines through additional investments, with sales expected to reach KRW 700 billion. in North America and sales across the company by 2030. The strategy is to achieve 1.2 trillion won.
An official from LS E-Mobility Solutions said, “In accordance with the requirements of the North American market, which requires the establishment of local production facilities, we have established an electric vehicle parts production line in Mexico for the first time in the domestic industry. .” He added, “We have added a localization strategy to the world’s highest level of product reliability. “We will grow to be the best electric vehicle parts company in North America,” he emphasized.
Meanwhile, LS E-Mobility Solutions continued to receive large orders, including signing a 250 billion won contract with Hyundai-Kia Motors to supply EV transmissions for electric vehicles in August last year, surpassing 1 trillion won in cumulative orders in just one year after the derivative. LS E-Mobility Solutions expects to be able to sustain growth in the medium to long term as well as receive large scale project orders within the year as the electric vehicle market is expanding rapidly at this due to environmental regulations and fuel efficiency. in countries around the world, as well as price-cutting competition among car companies.
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