Hyundai Mobis, a South Korea-based global auto supplier, is planning to expand operations across North America for the electric vehicle transition, the company said Wednesday at the Detroit auto show.
Axel Maschka, executive vice president and head of Hyundai Mobis global original equipment sales, said the company will construct more EV-dedicated sites in the region to manufacture EV components including battery system assemblies.
"In general, our expansion follows customer business," Maschka said in an interview. "Now, we have contracted large electric vehicle businesses. We are now expanding on these businesses."
Currently, Hyundai Mobis has 44 production bases, including North American facilities in Alabama, Georgia, Ohio and Michigan. The new sites will be near automaker production facilities, with the expansion expected to start mid-decade.
The company also has plans to increase sales orders in North America with its technologies for electric and autonomous vehicles, including the electric complete chassis platform module and next-generation augmented reality heads-up display.
Hyundai Mobis' goal is to reach a compound annual growth rate of 36% in the North American market through 2030.
