Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Posco International Corporation
  6. News
  7. Summary
    A047050   KR7047050000

POSCO INTERNATIONAL CORPORATION

(A047050)
  Report
End-of-day quote Korea Stock Exchange  -  2023-02-05
23300.00 KRW   +0.43%
02/01Posco International : Exceeding one trillion won in operating profit for the first time, POSCO INTERNATIONAL led to increased sales in the trading division and increased profits in the energy division, showing outstanding performance in both sectors
PU
01/27Posco International : 4Q 2022 Earnings Release
PU
01/27Posco International : Exceeding one trillion won in operating profit for the first time, POSCO INTERNATIONAL led to increased sales in the trading division and increased profits in the energy division, showing outstanding performance in both sectors
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

POSCO INTERNATIONAL : secures the supply right for automotive motor cores of Hyundai Motor's hybrid vehicles

11/17/2022 EST

POSCO INTERNATIONAL

secures the supply right for automotive motor cores of

Hyundai Motor's hybrid vehicles

- 3.4 million units to be supplied by 2031 through its subsidiary, POSCO Mobility Solutions

- Global expansion through overseas production bases in China, Mexico, India, and Europe

- A step towards becoming a world-class eco-friendly parts manufacturer with a production capacity of 7 million units by 2030.

POSCO INTERNATIONAL announced on Nov. 16th that its subsidiary POSCO Mobility Solutions, which manufactures automotive motor cores for eco-friendly vehicles, has secured the supply right for automotive motor cores to be installed in the next-generation hybrid vehicles to be manufactured by Hyundai Motors starting in 2025.

The quantity of the order received by POSCO Mobility Solutions is 3.4 million units from 2025 to 2031.

Hybrid vehicles, known for their optimal driving efficiency using two types of driving systems, namely internal combustion engines and electric motors, are responsible for leading the industry's transition into eco-friendly vehicles, thanks to their low CO2 emissions and high fuel efficiency compared to internal combustion engine vehicles.

In particular, the hybrid system used by Hyundai Motors is the TMED (Transmission Mounted Electric Device) method, whose strength lies in the ability to drive only with the electric motor without having to operate the internal combustion engine.

With the current shift to TMED- II, which is equipped with two automotive motors and therefore dramatically improved fuel efficiency compared to the single driving motor TMED- I, the demand for automotive motors is expected to continue increasing in the future.

POSCO Mobility Solutions has established a domestic production system capable of producing 2 million units of automotive motor cores, and is anticipating continuous investments in addition to the order received from Hyundai Motor's next-generation electric vehicle platform.

POSCO INTERNATIONAL is operating and constructing local production plants for automotive motor cores in China, Mexico, India, and Europe under POSCO Mobility Solutions in order to respond to domestic parts production and supply needs of global automakers, through which it plans to establish a production capacity of 5 million units by 2030.

POSCO-CORE in China has begun the construction of a plant with an annual production capacity of 900,000 units in March as well as one in Mexico with an annual production capacity of 1.5 million units in July, both of which are expected to complete and begin operation in the second half of 2023.

In addition, the countries and locations of its European production bases will be confirmed within the year to begin construction in early 2023 and production in the first half of 2024.

CEO Kim Hak-Yong of POSCO Mobility Solutions stated, "the order received from Hyundai Motors is significant in that it will be incorporating the new production technique we've developed to improve the performance of the hybrid motor. Based on this recognition of our cutting-edge technology, we plan to position ourselves as a world-class eco-friendly parts manufacturer with a production capacity of 7 million automotive motor core units by 2030."

Attachments

Disclaimer

Posco International Corporation published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2022 08:04:07 UTC.


ę Publicnow 2022
All news about POSCO INTERNATIONAL CORPORATION
02/01Posco International : Exceeding one trillion won in operating profit for the first time, P..
PU
01/27Posco International : 4Q 2022 Earnings Release
PU
01/27Posco International : Exceeding one trillion won in operating profit for the first time, P..
PU
01/24South Korean Trading Firms Seek Expansion in Food Business
MT
01/10Posco International : pushes ahead with the construction of a crude palm oil refining plan..
PU
01/02Posco International : transforms into a consolidated company, combining energy to existing..
PU
2022Posco International Corporation Promotes Jeong Tak as CEO
CI
2022POSCO International Promotes Jeong Tak to Vice Chairman
CI
2022POSCO's Australian arm Senex Energy suspends $671 mln Queensland gas project expansion
RE
2022Hardt Global Mobility announced that it has received funding from Urban Impact Ventures..
CI
More news
Analyst Recommendations on POSCO INTERNATIONAL CORPORATION
More recommendations
Financials
Sales 2022 38 437 B 30,5 B 30,5 B
Net income 2022 614 B 0,49 B 0,49 B
Net Debt 2022 3 558 B 2,82 B 2,82 B
P/E ratio 2022 4,70x
Yield 2022 4,18%
Capitalization 4 099 B 3 251 M 3 251 M
EV / Sales 2022 0,20x
EV / Sales 2023 0,19x
Nbr of Employees 1 218
Free-Float 25,9%
Chart POSCO INTERNATIONAL CORPORATION
Duration : Period :
Posco International Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends POSCO INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 23 300,00 KRW
Average target price 33 800,00 KRW
Spread / Average Target 45,1%
EPS Revisions
Managers and Directors
Si-Bo Joo President & Chief Executive Officer
Eun-Joo Choi Managing Director & Head-Investment Management
Hee-Cheol Kang Independent Director
Gi-Yeong Lee Independent Director
Soo-Young Kwon Independent Director
Sector and Competitors
1st jan.Capi. (M$)
POSCO INTERNATIONAL CORPORATION3.10%3 282
MITSUBISHI CORPORATION0.35%47 497
MITSUI & CO., LTD.0.03%45 245
ITOCHU CORPORATION-3.18%44 804
ADANI ENTERPRISES LIMITED-59.26%22 306
SUMITOMO CORPORATION3.28%21 658