SKF Inks Supply Agreement With Hyundai Motors – UnderhoodService

SKF Inks Supply Agreement With Hyundai Motors

SKF has been nominated by Hyundai Motors as a supplier for business valued at approximately SEK 370 million (approximately $57 million). Within the terms of the agreement, SKF will deliver the recently launched MacPherson suspension bearing unit (MSBU). The solutions will be equipping both Hyundai and Kia vehicles, including the Ceed, Forte, Soul, i30, Sonata, K5, i40, Grandeur, K7, Santa Fe and Sorento models. The length of the business is expected to last the life of each car model.

SKF has been nominated by Hyundai Motors as a supplier for business valued at approximately SEK 370 million (approximately $57 million). Within the terms of the agreement, SKF will deliver the recently launched MacPherson suspension bearing unit (MSBU). The solutions will be equipping both Hyundai and Kia vehicles, including the Ceed, Forte, Soul, i30, Sonata, K5, i40, Grandeur, K7, Santa Fe and Sorento models. The length of the business is expected to last the life of each car model.

Tryggve Sthen, president, SKF Automotive, said, “I am very pleased to see our expanding partnership with Hyundai for the steering and suspension application with our recently launched robust solutions. Our engineering knowledge supports our customers in their journey to improve the performance of their vehicles. It is rewarding to have this recognition from Hyundai and I look forward to a continued growing partnership.”

Byeong-Jun Kim, purchasing director, Hyundai Motors, added, “Working with SKF, we know we get the advanced and high-performing solutions we need for our vehicles to reach the top of the line. Hyundai have grown tremendously over the last years globally, and we recognize that SKF’s global engineering and manufacturing footprint is a highly valuable support to us in our continued growth. We are pleased to work with SKF as we also have their timely and skilled support close to us in Korea, and we look forward to continued growth with SKF.”

The new robust MSBU meets the increased performance demands in terms of higher reliability and increased operating life. Global car models must cope with a wider range of external forces in different driving conditions. This unit is able to support high load and withstand severe pollution with improved reliability, SKF says.

SKF started deliveries of the MSBUs during 2013 from its factory in Busan, Korea.

 

You May Also Like

Continental Releases 67 New Part Numbers

Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.

Continental announced a continued development of its import line of products with the addition of 22 new part numbers, as well as the expansion of its metals program, including 39 new pulley and tensioner part numbers. The new product line extensions are immediately available, Continental said.

39 Tensioners and Pulleys

Standard Motor Products Introduces 268 New Numbers

The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.

BCA Bearings Unveils 2024 Endless Summer Promotion

The Endless Summer promotion runs from May 1 through June 30, 2024.

Clarios to Supply High-Performance AGM Battery to Major OEM

It offers up to 80% reduction in CO2 emissions over traditional AGM batteries, in many cases, Clarios said.

Philips Announces GoPure GP5212 Automotive Air Purifier

It uses a 3-layer filter to deliver cleaner, healthier, fresher air on the go, Lumileds said.

Other Posts

Non-Competes: A Non-Starter, Says FTC

The FTC’s rule is set to take effect in about four months, unless it is blocked by legal challenges.

Snap-on Announces Latest Software Release

The latest software includes new coverage and guided component tests and features.

AACF Launches 65th Anniversary Fundraising Initiative

The campaign aims to raise $65,000 through 1,000 donations of $65 each.

BendPak Founder Don Henthorn Passes Away

Grew company from small machine shop to global leader in car lifts and garage equipment.