Hyundai Mobis says it has signed its first-ever contract to supply parts to PSA Peugeot Citroen.
The 22 billion won ($18m) deal is for the supply of switch modules for a model that PSA will begin mass-producing in 2017.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to Nikkei, Hyundai Mobis plans to manufacture the components at a Chinese factory (Tianjin) and ship to France.
Hyundai Mobis is eager to expand its customer base beyond its Hyundai Motor parent – for risk spread and scale reasons – and has had some success with the strategy in recent years (it counts GM as a major customer now).
