# HD Hyundai XiteSolution completes Ulsan plant expansion, boosts capacity

HD Hyundai XiteSolution completed an integrated industrial vehicle plant at its Ulsan Campus, increasing annual production capacity from 20,000 to 24,000 units. The company invested about 93 billion won in the project since 2022.

- Type: Expansion
- Announced: 2026-06-19
- Where: Dong-gu, Ulsan, South Korea
- Value: $70.0M (93.0B KRW)
- Starts operating: 18 Jun 2026
- Status: completed
- Capacity: 24,000 industrial vehicles per year
- Products: industrial vehicles, electric forklifts, construction equipment components
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HD Hyundai XiteSolution](https://endata.com/companies/75560.md)

## Sources

- [biz.chosun.com](https://biz.chosun.com/en/en-industry/2026/06/19/JGBE7PRCSBFHBJLXDGOAYOLEGY/), 2026-06-19: "We have elevated quality and production competitiveness through the Ulsan Campus advancement project."
- [breakbulk.news](https://breakbulk.news/hd-hyundai-xitesolution-eyes-krw-1-6-trillion-after-ulsan-plant-upgrade/), 2026-06-23: "HD Hyundai XiteSolution has completed an upgrade of its Ulsan industrial vehicle plant, raising annual production capacity to 24,000 units."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.