# HD Hyundai targets $2.2 billion in AI power engines by 2029, breaks ground on Onsan plant

HD Hyundai outlined plans to reach 3 trillion won ($2.2 billion) in annual onshore generator engine revenue by 2029, targeting 3 GW of deliveries for AI data centers. The group will break ground on a new 833.6 billion won plant in Onsan in Q1 2027, finishing in May 2028.

- Type: Investment
- Announced: 2026-11-02
- Where: Onsan, South Korea, South Korea
- Value: $600.0M (833.6B KRW)
- Status: announced
- Capacity: 3 GW annual deliveries by 2029
- Products: medium-speed marine diesel and dual-fuel generator engines for data centers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [HD Hyundai](https://endata.com/companies/14661.md)

## Sources

- [eastasiabrief.com](https://eastasiabrief.com/semiconductors/hd-hyundai-targets-2-2-billion-ai-power-engines-1077), 2026-11-03: "HD Hyundai outlined plans on Nov. 2, 2026, to reach 3 trillion won ($2.2 billion) in annual onshore generator engine revenue by 2029 to power artificial intelligence data centers."

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