LS Cable EV Magnet Wire Supply Strengthens 800V Leadership
LS Cable & System (LC&S) in South Korea will serve as the sole supplier of magnet wire for the drive motors of the Hyundai IONIQ 5 and Kia EV6 electric vehicles. This LS Cable EV magnet wire agreement covers high-performance enamel wire designed specifically for their main drive motors.
LC&S became the first South Korean company to mass-produce magnet wire suitable for 800 V systems. The company expects this project to generate more than KRW 200 billion in sales over the next six years, as demand for faster charging and efficient EV powertrains continues to rise.
High-Voltage Magnet Wire for Faster Charging EVs
To support higher charging speeds, LC&S developed a high-voltage magnet wire that uses a high-performance insulation material. This design increases efficiency and reliability even under demanding 800 V conditions. As the competition for faster charging intensifies, these high-voltage components grow more important for automakers and drivers alike.
Because of this development, LC&S believes the supply contract gives it a strong head start in the high-voltage EV wire market, which still sits in an early growth phase. By offering 800 V-ready magnet wire now, the company positions itself as a key partner for next-generation electric drivetrains.
Strong Growth Outlook in Eco-Friendly Magnet Wire
LC&S forecasts that global demand for environmentally friendly automotive magnet wire will grow more than six-fold by 2025. To capture this opportunity, the company continues to reinforce its marketing efforts and increase investments aimed at global automakers.
“The drive motor and the battery are important enough to be called the two hearts of an electric vehicle,” said Myung Roe-Hyun, President & CEO of LS Cable & System. “We are certain that the wires and parts business, which serves as the blood vessels of the heart, will also grow rapidly, so we are fostering them as new growth engines.”
Existing EV Partnerships and Future Development
Since 2016, LC&S has supplied 400 V magnet wire for the drive motors of the Chevrolet Bolt EV through its partnership with GM. This long-term relationship proves the company’s reliability in EV applications.
Now, LC&S is also discussing new high-voltage magnet wire solutions that could support all future EV models produced by GM. With these projects and the Hyundai and Kia contract, LS Cable & System continues to expand its role in the global EV supply chain and strengthen its leadership in high-voltage magnet wire technology.
