# LS Materials begins construction of EV aluminum parts plant in Gumi, South Korea

LS Materials' subsidiary HAIMK held a groundbreaking ceremony for a factory at Gumi National Industrial Complex in Gyeongbuk, South Korea, to mass-produce aluminum battery case parts for 300,000 EVs starting Q1 2025. The investment is approximately KRW 75 billion.

- Type: New facility
- Announced: 2024-04-17
- Where: Gumi, Gyeongbuk Province, South Korea
- Value: $56.0M (75.0B KRW)
- Starts operating: Q1 2025
- Status: under construction
- Capacity: parts for 300,000 electric vehicles per year
- Products: aluminum battery case parts for EVs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LS Materials](https://endata.com/companies/73760.md)
- [HAIMK](https://endata.com/companies/73762.md)
- [Hammerer Aluminium Industries](https://endata.com/companies/29987.md) (partner)
- [HAI](https://endata.com/companies/73761.md) (partner)

## Sources

- [lscns.co.kr](https://www.lscns.co.kr/en/pr/news_view.asp?brd_id=news1&idx=117827&lang_cd=en&mode=MOD), 2024-04-17: "LS Materials announced on the 17th that its subsidiary HAIMK has held a groundbreaking ceremony for a factory producing aluminum parts for electric vehicles at the Gumi National Industrial Complex."
- [koreaherald.com](https://www.koreaherald.com/article/3373228), 2024-04-17: "Our products will be the only kind in Korea that meet automakers' quality standards."

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