Posco International completes Mexican drive motor core plant
![Posco International held a dedication ceremony for its drive motor core plant in Ramos Arizpe, northeastern Mexico, on Tuesday. [POSCO INTERNATIONAL]](https://koreajoongangdaily.joins.com/data/photo/2023/10/18/99b8e34d-14aa-4864-9cd7-21dd4f7f97a9.jpg)
Posco International held a dedication ceremony for its drive motor core plant in Ramos Arizpe, northeastern Mexico, on Tuesday. [POSCO INTERNATIONAL]
Posco International said Wednesday it has completed a drive motor core plant in Mexico in a bid to tap the North American market for EV components.
The dedication ceremony for the factory on a 63,925-square-meter lot was held Tuesday in Ramos Arizpe, northeastern Mexico, nearly 13 months after ground was broken, Posco International said.
The general trading arm of Korean steel giant Posco Holdings said it plans to start work on a second drive core plant during the first half of next year.
When the second factory is completed, the two facilities will have a combined annual capacity of 2.5 million drive motor cores, one of the core components of EVs.
Posco International said it has chosen the Mexican industrial city as the site for its drive motor core plant in an effort to eliminate trade barriers for the EV component market and cut logistical costs.
Ramos Arizpe is a car industry hub in northeastern Mexico with a cluster of major automakers and parts manufacturers. Nearly 300 kilometers (186 miles) away from the U.S. state of Texas, it is widely deemed a beachhead for entering the North American market for green cars.
Yonhap
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)