POSCO International along with Eare AMS announced that they received an order from a North American EV startup company.

POSCO Intl. will supply half shafts for 340,000 cars – the order amount is about KRW 145,000,000,000 (USD 130 million) next year.

The half shaft is a key part that serves as a drive shaft in a battery electric vehicle (BEV) vehicle. The drive shaft transmits the driving force of the drive motor to both tires through the reducer.

For your information, POSCO international old name is Daewoo International.

Erae AMS is a parts company that specializes in producing parts such as driving, braking, and steering of vehicles, and has been supplying parts not only to domestic automakers, but also to world-leading automakers such as the US, Germany, and France.

In addition to this supply, POSCO International and Eare AMS have an order for electric vehicle parts worth about 64 billion won from Vinfast, a Vietnamese electric vehicle startup, in the second half of last year.

About more details, you may read Korean news articles below links:

https://www.mk.co.kr/news/business/view/2021/09/858238/

https://news.mt.co.kr/mtview.php?no=2021090609423471751

https://www.snmnews.com/news/articleView.html?idxno=483083

I couldn’t find the English new article about this new deal from North America, but found about the Vietnam order.

2020.10.14 12:35

POSCO International to supply auto parts to Vietnam’s Vinfast, along with Erae AMS

http://www.koreaittimes.com/news/articleView.html?idxno=101000

 Oct 13, 2020 

Posco International supplies parts for Vietnam’s first EV

http://www.koreaherald.com/view.php?ud=20201013000643

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