Latest news with #ParkKiChul
Yahoo
13-05-2025
- Automotive
- Yahoo
Hyundai Mobis targets mobiliy demand with Tamil Nadu battery assembly site
Indian car parts manufacturer Mobis India, part of the South Korean automotive company Hyundai Motor Company, has inaugurated its new electric vehicle (EV) battery system assembly plant in Sriperumbudur, Tamil Nadu. The new site is aimed at addressing the surging demand for electric mobility in India. It is initially manufacturing nickel-manganese-cobalt (NMC) battery packs but will also produce lithium iron phosphate batteries eventually. The Hyundai Creta Electric will be the first EV model to be equipped with battery packs assembled at this facility. The plant spans over 3.3ha and is located next to an existing Hyundai manufacturing facility with a view to promoting synergies between the two. It has an initial annual capacity of 36,000 units, with scope for increasing that to 75,000, according to The Hindu. Up to 255 direct and indirect jobs will reportedly be supported. Park Ki Chul, managing director at Mobis India, is reported as commenting: 'This new EV Battery System Assembly plant represents a strategic leap forward in our efforts to support India's transition to clean and sustainable mobility.' In a post on LinkedIn, TRB Rajaa, Minister for Industries for Tamil Nadu, said: 'This facility is also a step forward in our ongoing efforts towards further localisation, with key EV components now being made in Tamil Nadu. It's a shining example of smart manufacturing, bringing in high-value jobs and solidifying our place as the #EVCapitalofIndia!' The new Tamil Nadu EV battery plant adds to Mobis' growing investment in this sector. Over the past two years, it has announced investments in Spain, Indonesia, and the US, among others. "Hyundai Mobis targets mobiliy demand with Tamil Nadu battery assembly site" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
08-05-2025
- Automotive
- The Hindu
Mobis India unveils EV battery assembly plant at Sriperumbudur
Mobis India Limited, an affiliate of Hyundai Motor India Limited (HMIL) and a part of global automotive component supplier, inaugurated its EV Battery System Assembly (BSA) Plant at Sriperumbudur. Spanning across 8.15 acres, the plant is located adjacent to HMIL's car manufacturing facility. The plant has an initial installed capacity of 36,000 units per annum, which is designed to meet the growing demand for electric mobility, and is scalable to a capacity of 75,000 units. The facility will create 255 direct and indirect employment opportunities, according to the company. High-performance battery systems will be assembled at the facility for electric vehicles manufactured in India. Hyundai Creta Electric would be the first EV to be equipped with battery packs assembled at this plant and Mobis India Limited is looking to support Hyundai's strong push toward localised EV production. Currently, the plant produces NMC (Nickel-Manganese-Cobalt) battery packs, and it will be able to support LFP (Lithium-Iron-Phosphate) battery production soon. T R B Rajaa, Minister for Industries, Investment Promotion & Commerce, Government of Tamil Nadu, inaugurated the facility. Park Ki Chul, Managing Director, Mobis India Limited, said, 'This new EV Battery System Assembly plant represents a strategic leap forward in our efforts to support India's transition to clean and sustainable mobility.'
