Hanon Systems begins construction of fifth Korean plant in Gyeongju for EV heat pump parts

Hanon Systems began construction of its fifth plant in Korea, in Naengcheon-ri, Gyeongju-si, on a site of about 33,000 square meters. The plant will make heat pump modules and coolant valve assemblies for electric vehicles, with completion expected in Q2 2021 and production from Q3 2021.

“Global automotive supplier Hanon Systems (KS: 018880) today announced it began construction on its fifth plant in Korea.”prnewswire.com

• 1 source
• prnewswire.comHanon Systems to Launch New Manufacturing Site in KoreaMar 2, 2021

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