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HD Hyundai Electric to build $1173B switchgear plant in Cheongju, South Korea · Endata

◂ Announcements

Feb 19, 2024NEW FACILITYCheongju, Chungcheongbuk-do, South Korea, South Korea

HD Hyundai Electric to build $1173B switchgear plant in Cheongju, South Korea

HD Hyundai Electric signed an investment agreement with Chungcheongbuk-do and Cheongju to build a new medium- and low-voltage circuit breaker plant in Cheongju Central Valley Industrial Complex, investing 117.3 billion won. The plant will have a capacity of 13 million units by 2030, doubling current capacity.

Value

$88.0M (117.3B KRW)

Starts operating

Oct 2025

Status

Announced

Capacity

13 million units per year by 2030

Productsmedium- and low-voltage circuit breakersdistribution equipment

CompaniesHD Hyundai Electric

Sectors#Electrical Equipment

“HD현대일렉트릭은 2025년 10월까지 청주센트럴밸리 일반산업단지 내 8만5420㎡ 부지에 1173억 원을 투자해 중저압차단기 제조 공장을 신설한다.”etnews.com

1 source
etnews.comHD현대일렉트릭, 배전기기 공장 신설 '생산능력 2배' - 전자신문Feb 19, 2024

Summarized from public sources; check the original articles before acting on it.

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Jan 19, 2025EXPANSIONAlabama, US and Ulsan, South Korea, United States$274.0Mops 2026
HD Hyundai Electric to invest $274M in transformer capacity expansion
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