[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO International is aggressively investing in electric vehicle mobility. The strategy is to develop the drive motor core business, one of the core components of electric vehicles, into a core profit business following energy.
It is also one of POSCO Group's strategy to expand the value chain of electric vehicles. In response to the explosively growing electric vehicle market, POSCO International plans to expand its production system of 2.2 million drive motor cores this year to 7 million units by 2030, more than three times.
According to the industry on April 30, POSCO International will start mass production of drive motor cores at production plants in Mexico and China as early as the third and fourth quarters.
The Mexican plant is a hub aimed at the North American market. The first plant, which will produce a total of 1.5 million drive motor cores, will operate during the second half of the year. POSCO International will invest 160 billion won in its Mexican plant by 2030 to expand its production capacity to 2.5 million units.
The Shanghai plant in China will start mass production in the second half of the year with an annual operating motor core of 900,000 units. Europe is building a new factory in Poland. Construction will begin in the first half of this year and start mass production in 2025. It plans to expand from 260,000 units in 2025 to 1.2 million units in 2030.
India, which is growing rapidly, will also build a driving motor core plant. It is being promoted with a production system of 300,000 units in 2030.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
