Inzi Controls Wins KRW 148.5 Billion Hyundai Mobis Hybrid Battery Order

Inzi Controls Secures Hyundai Mobis Hybrid Battery Order

South Korea-based Inzi Controls Co Ltd has received an order from Hyundai Mobis for cell connection systems designed for hybrid vehicle batteries. The Inzi Controls hybrid battery order is valued at approximately KRW 148.5 billion, establishing a significant supply agreement between the two companies. Under the contract, the cell connection systems will be supplied for the North American market. The agreement is scheduled to run from August 15, 2028, through December 31, 2034, defining a multi-year supply period for the specified hybrid battery application.

Contract Covers Multi-Year Hybrid Battery Supply

The contract between Inzi Controls Co Ltd and Hyundai Mobis begins on August 15, 2028, and continues until December 31, 2034. The approximately KRW 148.5 billion order specifically covers cell connection systems for hybrid vehicle batteries rather than a broader range of unspecified components. The contract therefore establishes a defined supply relationship covering the stated period and application. The supplied systems are intended for the North American market, while Inzi Controls, a company based in South Korea, will fulfill the order for Hyundai Mobis.

North American Market to Receive Supplied Systems

The order specifies the North America market as the destination for the cell connection systems. These systems are associated with hybrid vehicle batteries, linking the supply agreement directly to hybrid vehicle battery applications. The contract value of approximately KRW 148.5 billion and its duration of more than six years provide the key commercial parameters disclosed for the agreement. The announcement identifies Hyundai Mobis as the customer and Inzi Controls as the supplier, with the contractual supply period beginning in 2028 and extending through the end of 2034.

Frequently Asked Questions

What is the value of Inzi Controls' Hyundai Mobis order?
The order received by Inzi Controls from Hyundai Mobis is valued at approximately KRW 148.5 billion and covers cell connection systems for hybrid vehicle batteries. The agreement is scheduled to run from August 15, 2028, to December 31, 2034. The disclosed contract value applies to the specified supply agreement, while the systems are intended for the North American market. The announcement identifies Hyundai Mobis as the customer and Inzi Controls as the supplier under the multi-year contract.

When will the Inzi Controls and Hyundai Mobis contract begin?
The contract is scheduled to begin on August 15, 2028, and will continue through December 31, 2034. During this period, Inzi Controls is expected to supply cell connection systems for hybrid vehicle batteries to Hyundai Mobis. The agreement therefore establishes a defined supply period extending across more than six years. The disclosed contract information also specifies that the supplied systems are intended for the North American market, providing the geographic scope of the announced order.

Which market will receive the hybrid battery systems?
The cell connection systems covered by the agreement will be supplied for the North American market. The systems are intended for hybrid vehicle batteries and will be provided by Inzi Controls under its contract with Hyundai Mobis. The announcement specifies North America as the destination market but does not disclose individual vehicle programs, production volumes, battery specifications, or specific customer vehicle models. The principal disclosed details are the approximately KRW 148.5 billion order value and the contract period from August 2028 through December 2034.