# Vitesco Technologies opens new factory in Icheon, South Korea

Vitesco Technologies opened a new manufacturing space in Icheon, South Korea, with capacity to produce over 200,000 EMR4 electric axle drives per year. The facility supports a contract with Hyundai Motor Group valued at over €2 billion.

- Type: New facility
- Announced: 2023-11-16
- Where: Icheon, South Korea, South Korea
- Starts operating: 16 Nov 2023
- Status: completed
- Capacity: over 200,000 EMR4 electric axle drives per year
- Products: EMR4 electric axle drives
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Vitesco Technologies](https://endata.com/companies/7771.md)
- [Hyundai Motor Company](https://endata.com/companies/6382.md) (customer)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5273133/vitesco-technologies-opens-new-south-korean-factory-boosting-emr4-electric-axle-drive-production), 2023-11-17: "Vitesco Technologies has opened a new manufacturing space in Icheon, South Korea, with a capacity to produce over 200,000 of its EMR4 electric axle drives per year."

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