# Samgi to build electric vehicle parts factory in Daegu, South Korea

Samgi signed an investment agreement with Daegu City to establish an electric vehicle parts manufacturing plant in the Daegu National Industrial Complex, with a total investment of 94.8 billion KRW. Construction is scheduled to begin in January 2024, with mass production starting by the end of 2024.

- Type: New facility
- Announced: 2023-06-01
- Where: Daegu National Industrial Complex, Daegu, South Korea
- Value: $72.0M (94.8B KRW)
- Starts operating: 2024
- Status: announced
- Capacity: 1 million units per year of eco-friendly automotive parts
- Products: motor housings for electric vehicles, transmission parts for hybrid vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Samgi](https://endata.com/companies/70601.md)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2023060115302557896), 2023-06-01: "Samgi plans to invest 94.8 billion KRW in a new manufacturing plant on a 40,962㎡ site in the second phase of the Daegu National Industrial Complex."

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