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Hyundai Mobis will extend supply of EV parts to rival automakers

SEOUL — Hyundai Motor’s own supplier, Mobis, will extend its supply of electric vehicle parts to rival automakers as the race toward electrification in the industry intensifies.

Hyundai Mobis is in talks with two global automakers to supply EV parts, Ahn Byung-ki, senior vice president of electric powertrain business at Hyundai Mobis, told Reuters, as the company hopes to boost volume and lower prices.

Ahn said Mobis hoped to win orders from the automakers as early as this year, marking its first deal to supply electrified powertrains, although it has supplied other parts of EVs or gasoline cars to Fiat-Chrysler Automobiles and others.

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