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Hwashin begins construction of EV parts factory in Yeongcheon, South Korea · Endata

◂ Announcements

Mar 30, 2023NEW FACILITYYeongcheon High-Tech Park, Yeongcheon, Gyeongbuk, South Korea

Hwashin begins construction of EV parts factory in Yeongcheon, South Korea

Hwashin held a groundbreaking ceremony for a factory in Yeongcheon High-Tech Park to manufacture electric vehicle battery cases and automotive lightweight parts, with an investment of 80 billion KRW by 2025.

Value

$62.0M (80.0B KRW)

Starts operating

2025

Status

Under construction

Productselectric vehicle battery casesautomotive chassis lightweight parts

CompaniesHwashin

Sectors#Automotive Components

“Hwashin’s innovative challenge is expected to act as a catalyst for the transformation of the local automotive industry and the growth of the future automotive industry”asiae.co.kr

1 source
asiae.co.krYeongcheon-si Begins Construction of Electric Vehicle Parts Factory by Hwashin with 80 Billion Won Investment - The Asia Business DailyGu DaeseonMar 30, 2023

Summarized from public sources; check the original articles before acting on it.

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Jul 21, 2023CONTRACT$72.0M
Hwashin signs KRW 939.9 billion battery pack case supply deal with Hyundai Mobis
Hwashin supplier Hyundai Mobis customer biz.heraldcorp.com
Jun 29, 2021CONTRACTSouth Korea
Hwashin wins orders to supply chassis components for Hyundai E-GMP EVs
Hyundai Motor Company customer Hwashin supplier thelec.net
Apr 24, 2020CONTRACTNorth America, United States$118.0M
Hwashin wins $118M supply contract with Volkswagen
Hwashin Volkswagen customer etoday.co.kr
Sep 14, 2017CONTRACTSouth Korea, South Korea$32.0M
Samkee Automotive signs supply contract with Hwashin for lightweight chassis parts
Hwashin customer Samkee Automotive supplier etnews.com

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