# 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.

- Type: New facility
- Announced: 2023-03-30
- Where: Yeongcheon High-Tech Park, Yeongcheon, Gyeongbuk, South Korea
- Value: $62.0M (80.0B KRW)
- Starts operating: 2025
- Status: under construction
- Products: electric vehicle battery cases, automotive chassis lightweight parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hwashin](https://endata.com/companies/10830.md)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2023033017075029450), 2023-03-30: "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"

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