Samhyun to build electrification module plant in Changwon, South Korea Several South Korean media sources reported that Samhyun Co., Ltd. will build an additional plant in Changwon-si, Gyeongsangnam-do, investing KRW 52 billion (JPY 5.72 billion). The company decided to add a plant at a site adjacent to its existing plant to respond to the increasing orders for its mainstay products, electrification modules. The company has also developed a 3-in...

News  Updated at: 2024/09/03

GM Korea resumed production at Changwon Plant after 76-hour power outage On March 30, multiple sources reported that the GM plant in Changwon, South Korea, resumed operations normally on March 31, after a 76-hour halt. A power outage occurred at 6 am on Sunday, March 24, due to the failure of underground power line facilities, resulting in the suspension of production starting from March 25 (Mon). It was expected to take over 10 days for the plan...

News  Updated at: 2024/04/03

GM Korea suspends operations at Changwon plant from March 24 due to power outage On March 27, multiple sources reported that GM Korea has halted production at its Changwon plant due to a power outage caused by the failure of underground power line facilities on March 24.  The plant, which currently builds around 1,000 Chevrolet Trax crossovers every day, is estimated to incur losses of KRW 20 billion (approximately USD 14.8 million) per day. All...

News  Updated at: 2024/03/27

Shinsung ST to build new secondary battery parts plant in Busan, South Korea Several South Korean media sources reported that Shinsung ST Co., Ltd. will build a new plant for secondary battery parts in the Busan Metropolitan City. The company is headquartered in Changwon-si, Gyeongsangnam-do, and produces busbar frame assemblies, cooling fins, and DC/DC converters. It will invest KRW 46.3 billion in the product to build a plant to annually produc...

News  Updated at: 2024/03/11

in February 2024. Movient will have plants in Ansan-si, Gyeonggi Province, and the Gwangju Metropolitan City. It will be in charge of producing modules, including platform modules. Teczen will produce core parts for automotive components such as engines and constant velocity joints at its plants in Changwon-si, Gyeongsangnam-do, Pyeongtaek-si, Gyeonggi-do, and Seosan-si, Chungcheongnam-do. Hyundai WIA plans to hold 100% stakes in the two subsidia...

News  Updated at: 2023/12/28

the investment ministry of Saud Arabia to establish a joint green vehicle part manufacturer. Under the agreement, CRT will build a part plant in Saudi Arabia, for example, to support the government in building the country’s ecological mobility manufacturing infrastructure. CTR has headquarters in Changwon, Gyeongsangnam-do, and produces suspension, steering, brake, and transmission parts. (From various releases on October 27, 2023)...

News  Updated at: 2023/10/30

South Korea’s Almac won order for EV parts from Linamar South Korea’s Almac Co., Ltd. (Almac) announced that it has received an order for battery components from a US electric vehicle (EV) parts manufacturer. The contract is valid from July 2023 to November 2024, and the sales under the deal are expected to reach KRW 34.61 million. ALMAC has headquarters and a plant in Changwon, Gyeongsangnam-do, and produces battery module cases, battery pac...

News  Updated at: 2023/10/24

KG Mobility takes over Edison Motors in Korea On September 26, KG Mobility announced Changwon District Court gave final approval of rehabilitation plan of Edison Motors and acquisition process of the company by KG Mobility. As a result, Edison Motors was able to conclude the rehabilitation procedure for about 10 months since it applied for rehabilitation procedures in November 2022 and begin to normalize the company.KG Mobility previously provide...

News  Updated at: 2023/09/29

Dongyeun Autotech to build new plant in Busan, South Korea South Korea’s Busan Metropolitan City reported that Dongyeun Autotech will build its second plant in Busan, investing KRW 26 billion (JPY 2.9 billion). Dongyeun Autotech was established in Changwon, Gyeongsangnam-do, in 2010 and produces impact bars and other automotive components. The construction work will start in October 2023 and complete in May 2024. (From a press release on Septem...

News  Updated at: 2023/09/27

it has received an order for battery components from a US electric vehicle (EV) parts manufacturer. The contract is valid from July 2023 to November 2024, and the sales under the deal are expected to reach KRW 42.74 million (JPY 5.9 billion). The South Korean company has headquarters and a plant in Changwon, Gyeongsangnam-do, and produces battery pack cases and other car components. (From a press release on July 14, 2023)...

News  Updated at: 2023/07/18

ty investment of about 200 billion won in the Bupyeong plant to secure the defect-free production quality of the Buick Envista. Through these investments, the Bupyeong plant has been transformed into an innovative facility with the highest level of productivity and efficiency, and together with the Changwon plant, has secured an annual production capacity of up to 500,000 units. (GM press release)...

News  Updated at: 2023/06/09

Hyundai WIA to enter EV thermal management system market Hyundai WIA Corporation (Hyundai WIA) announced a plan to fully enter the market of electric vehicle (EV) thermal management systems. The South Korean company has completed developing coolant hub modules and commenced mass production at its first plant in Changwon, Gyeongsangnam-do. This plant will produce up to 210,000 units, and they will be installed in the Kia EV9 and the Hyundai Kona E...

News  Updated at: 2023/05/17

to the U.S. in 2023.According to sources, GM is planning to build and ship 184,000 units of the 2024 Trax to the U.S. during the 2023 calendar year. The first shipment left port in early March.Production of the 2024 Trax is now on under way at two separate GM plants in South Korea, including the GM Changwon plant, as well as the GM Bupyeong plant.The new 2024 Trax introduces new styling that takes cues from the ICE-based Chevrolet Blazer, as well...

News  Updated at: 2023/04/22

Chevrolet officially launches all-new Trax Crossover in Korea On March 22, General Motors' global Chevrolet brand announced the official launch and start of pre-sales of the all-new Trax Crossover in Korea.The Trax Crossover is Chevrolet's entry model in GM's global product portfolio and is built in Changwon, Korea."We sent our first shipment of 6,000 vehicles to the U.S. in February and have already seen an amazing response from dealers, custome...

News  Updated at: 2023/03/25

Schaeffler to build new plant in Changwon, South Korea South Korea's Gyeongsangbuk-do announced that Schaeffler Korea Corporation, a subsidiary of Schaeffler AG, will build a new plant on the premise of its existing site in Changwon to produce e-mobility systems and high-precision bearings. Schaeffler Korea plans to invest KRW 50 billion (JPY 5 billion) in the project by 2024. The company has three plants and a research and development center in ...

News  Updated at: 2023/03/10

GM Korea begins shipment of all-new Chevrolet Trax Crossover to North American customers On February 28, General Motors Korea announced it has begun the first large-scale shipment of its first crossover vehicle, the all-new Chevrolet Trax Crossover, to North America.Following mass production at the Changwon plant, the first shipment of 5,000 Trax crossovers built for the North American market was sent out of Masangapo New Port in Changwon, Gyeong...

News  Updated at: 2023/03/02

GM to optimize Korean operations in 2023 with six new launches On January 30, General Motors said it planned to launch six new and upgraded models in Korea across the Chevrolet, Cadillac, and GMC brands in 2023, as it works to reverse its recent loss of market share in an increasingly competitive market.GM will launch the redesigned Trax Crossover model, assembled at its plant in Changwon, in Q1 2023, to be followed by the Cadillac Lyriq EV and o...

News  Updated at: 2023/01/31

UV and Mlibu sedan.The plan for the future use of the Bupyeong Plant 2 plant has not yet been confirmed. Bupyeong Plant 1, which produces the Trailblazer, a key export vehicle, will continue to operate normally.As a result, the 1,200 employees at the Bupyeong Plant 2 will be divided into 700 at the Changwon Plant and 500 at the Bupyeong 1st Plant. However, due to regional characteristics, the application rate for conversion to the Changwon plant ...

News  Updated at: 2022/11/29

GM Korea begins pre-production of 2024 Chevrolet Trax On November 28, General Motors announced that it has begun pilot production of its next-generation global crossover at the GM Changwon plant in South Korea, with the all-new 2024 Chevrolet Trax scheduled to go on sale in the U.S. and Canada during the spring of 2023.The second-generation 2024 Trax will primarily target the three North American countries, but is also expected to be introduced l...

News  Updated at: 2022/11/29

pplier Daewon Kangup Co., Ltd. (Daewon Kangup) to become its largest shareholder as of December 30, 2022. The acquisition cost will be KRW 39.42 billion (about JPY 3.9 billion). Daewon Kangup has headquarters in Cheonan, Chungcheongnam-do, and spring and seat manufacturing plants in Cheonan-si and Changwon, Gyeongsangnam-do. Hyundai Green Food intends to diversify its business portfolio through share acquisition. (From a press release on Novembe...

News  Updated at: 2022/11/21