# Shinhwa Auto USA plans $114 million Alabama expansion for EV parts

Shinhwa Auto USA Corp. will invest $114 million to expand its Auburn, Alabama manufacturing operation, adding 50 jobs and a 170,000-square-foot building for electric vehicle parts production.

- Type: Expansion
- Announced: 2023-08-01
- Where: Auburn, Alabama, United States
- Value: $114.0M
- Jobs: 50
- Status: announced
- Capacity: 170,000 square feet
- Products: aluminum die casted parts, control arms, knuckles, carriers, motor housing covers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Shinhwa Auto USA Corporation](https://endata.com/companies/59014.md)
- [Shinhwa Group](https://endata.com/companies/42465.md) (partner)

## Sources

- [governor.alabama.gov](https://governor.alabama.gov/newsroom/2023/08/governor-ivey-announces-auto-parts-maker-shinhwa-plans-114-million-alabama-expansion-creating-50-jobs-in-auburn/), 2023-08-15: "We are thrilled to be expanding our business yet again, building new state-of-the-art facilities in Auburn, Alabama, where Shinhwa has a successful business operation since 2019."
- [alreporter.com](https://www.alreporter.com/2023/08/16/auto-parts-maker-shinhwa-plans-114-million-alabama-expansion), 2023-08-16: "We are thrilled to be expanding our business yet again, building new state-of-the-art facilities in Auburn, Alabama."
- [manufacturingdive.com](https://www.manufacturingdive.com/news/hyundai-supplier-shinhwa-auto-usa-group-invest-114m-expanding-auburn-alabama-operations/691318/), 2023-08-22: "Alabama's auto sector is experiencing a major growth spurt as the industry accelerates the transition toward an electric future."
- [foundrymag.com](https://www.foundrymag.com/molds-cores/article/21273905/automotive-diecaster-starts-new-capex-project-shinhwa-auto-usa-corp), 2023-09-18: "We are thrilled to be expanding our business yet again, building new state-of-the-art facilities in Auburn, Alabama, where Shinhwa has a successful business operation since 2019."

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