GMB Korea announced on the 5th that it has signed an automotive parts supply contract worth approximately KRW 404 billion with Hyundai Motor and Kia for their North American plants.
The contract period runs from January 1 next year through December 31, 2033.
The company will supply four types of components: electric water pumps, electric oil pumps, mechanical water pumps, and active purge pumps.
Production and delivery of the parts will be carried out through a U.S.-based subsidiary plant that is scheduled to be established in the future.