TS Automotive to build EV parts factory in Gyeongju, South Korea

TS Automotive signed an MOU with Gyeongju City to invest 35.2 billion won in a new production line for electric vehicle body parts in Oedong-eup, Gyeongju. The facility will produce parts for Hyundai Kona and Genesis EV models, with completion by September 2028.

“TS Automotive plans to invest 35.2 billion won to purchase a 14,468-square-meter site for manufacturing facilities in Naengcheon-ri, Oedong-eup, Gyeongju City, and build a new production line with a total floor area of 10,960 square meters by September 2028.”asiae.co.kr

• 1 source
• asiae.co.krGyeongju City Attracts First Investment of the Year: 35.2 Billion Won Electric Vehicle Parts Factory to Open - The Asia Business DailyChoi DaeokJan 29, 2026

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