RELEASE: Mobis has received a large-scale order for electric vehicle components from a major automaker.

SEOUL, Aug.

RELEASE: Mobis has received a large-scale order for electric vehicle components from a major automaker.

SEOUL, Aug. 9, 2023 /PRNewswire/ -- Mobis has won a large-scale contract abroad in the future mobility sector, specifically in the electric vehicle business. This is a large order for electric vehicle components that the company has received from a major international automobile manufacturer, a remarkable achievement that recognizes the company's competitive advantage in the mass production of electric vehicle parts, which Mobis has been meticulously building. for more than 10 years.

Mobis announced on the 9th that it had obtained from Volkswagen AG an order for the assembly of the battery system, an essential component of electric vehicles. The battery system assembly supplied by Mobis will be integrated into Volkswagen's next-generation electric vehicle platform.

Battery System Assembly (BSA) refers to a complete product that combines a battery pack with the Battery Management System (BMS) and other components, to ensure safe and efficient battery operation in electric vehicles. High-capacity, high-efficiency battery systems are crucial components that greatly influence the quality and performance of electric vehicles. Mobis is known for its portfolio of battery systems that can be applied to all kinds of eco-friendly vehicles called xEVs, including hybrids and battery electric cars.

Mobis plans to build a new production base near a car plant in Spain to supply such BSAs after obtaining council approval later this year. Mobis currently operates BSA production lines in Korea and the Czech Republic, and new EV centers are also being installed in the United States and Indonesia. With this recent order, Mobis has obtained a stable base to expand its presence in the global EV market in all major regions. Expansion of global production bases with proactive investments and aggressive marketing activities focused on key account management (KAM) teams to provide targeted support to local customers were the drivers for this large-scale order for electric vehicle components. .

In light of this major overseas contract, Mobis expects additional orders for electric vehicle components in the international market. Recently, global automakers have made massive investments in the transition to electric vehicles, with the aim of securing a leading position in the future mobility market ahead of their competitors. Mobis has been establishing its expertise and competitive advantage in the mass production of essential components for electric vehicles for more than 10 years since it opened the Chungju Plant in Korea, a factory dedicated to the production of xEV components, in 2013.

About Mobis

Mobis is the world's number 6 car supplier, headquartered in Seoul, Korea. Mobis has outstanding experience in sensors, ECU sensor fusion and security control software development. The company's products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automobile electronics. Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China and India. For more information, visit the website at //www.mobis.co.kr/

Media Contact Ji Hyun Han: jihyun.han@mobis.co.kr Choon Kee Hwang: ckhwang@mobis.co.kr

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