POSCO International, a prominent Korean company, is making a significant investment in Poland and the Central and Eastern Europe (CEE) region by constructing a new EV motor core production facility in Brześć, Poland. This strategic move aims to bolster their presence in the rapidly growing European electric vehicle market.

Facility Details and Production Plans

The new factory will span approximately 100,000 square meters and is scheduled to commence full-scale operations in the latter half of next year. Initially, the facility will produce 1.03 million drive motor cores annually, specifically for Hyundai and Kia’s European electric vehicles.

Long-Term Production Goals

By 2030, POSCO International plans to expand the factory's annual production capacity to 1.2 million drive motor cores, catering to major European electric vehicle brands. This investment underscores POSCO International's commitment to supporting the EV industry's growth and their strategic expansion within the European market.

This development highlights the increasing Korean investment in Poland and the CEE region, positioning POSCO International as a key player in the European EV supply chain and contributing to the region's economic growth.