# BorgWarner Changnyeong breaks ground on ₩51.3B plant expansion in South Korea

BorgWarner Changnyeong held a groundbreaking ceremony for a new plant expansion on its existing site in Gyeseong-myeon, Changnyeong-gun, South Korea. The company will invest KRW 51.3 billion to add 8,663.21 square meters of factory space, creating 31 new jobs. The expansion is for electric vehicle parts production.

- Type: Expansion
- Announced: 2024-01-24
- Where: Gyeseong-myeon, Changnyeong-gun, South Gyeongsang, South Korea
- Value: $38.5M (51.3B KRW)
- Jobs: 31
- Status: under construction
- Capacity: 8,663.21 square meters of factory space
- Products: electric vehicle parts, starters, inverters, electric drive systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BorgWarner Changnyeong](https://endata.com/companies/75245.md)
- [BorgWarner](https://endata.com/companies/751.md) (partner)

## Sources

- [kpinews.kr](https://kpinews.kr/newsView/1065577632102729), 2024-01-25: "보그워너창녕은 총 513억 원을 투자해 기존 공장부지 내 8663.21㎡(2620평)의 공장을 증축할 계획이다."

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