# 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.

- Type: New facility
- Announced: 2024-02-19
- Where: Cheongju, Chungcheongbuk-do, South Korea, South Korea
- Value: $88.0M (117.3B KRW)
- Starts operating: Oct 2025
- Status: announced
- Capacity: 13 million units per year by 2030
- Products: medium- and low-voltage circuit breakers, distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)

## Sources

- [etnews.com](https://www.etnews.com/20240219000332), 2024-02-19: "HD현대일렉트릭은 2025년 10월까지 청주센트럴밸리 일반산업단지 내 8만5420㎡ 부지에 1173억 원을 투자해 중저압차단기 제조 공장을 신설한다."

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