International Corp., a South Korean trading company along with a local auto
parts manufacturer, Erae Automotive Systems Co., has received an order to
supply electronic vehicle components to a North American startup.
The company is going to supply $125 million
worth of half shafts which will be used for about 340,000 vehicles. In August
2020, the company won its first order from the North American startup for about
20,000 EVs. In a battery electric vehicle, a half shaft is a core
component that acts as a driving shaft. Here, the driving shaft transmitting
the power of the driving motor to both wheels.
POSCO International is trying its best to
gain a larger share in the future auto parts market, henceforth; it is
expanding its business related to driving motor cores.
Erae Automotive is a specialist that
produces auto parts related to braking, steering, and driving. It not only
supplies its arts to domestic carmakers but to international carmakers also
located in the USA and Germany.
– The Korea Bizwire