# 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.

- Type: New facility
- Announced: 2021-03-01
- Where: Gyeongju-si, South Korea
- Status: under construction
- Capacity: supply eco-friendly solutions for approximately 300,000 electric vehicles by 2024
- Products: heat pump modules, coolant valve assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Hanon Systems](https://endata.com/companies/2556.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/hanon-systems-to-launch-new-manufacturing-site-in-korea-301237856.html), 2021-03-02: "Global automotive supplier Hanon Systems (KS: 018880) today announced it began construction on its fifth plant in Korea."

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