'Auto Parts Industry Hub' Gyeongbuk Province Focuses Capabilities on Transitioning Future Car Industry Ecosystem

Focused Support on Strengthening Competitiveness in Future Car Core Component Development and Lightweight Materials

Reference diagram of Gyeongbuk future automobile industry innovation growth ecosystem.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Gyeongsangbuk-do announced on the 26th that it will actively support securing competitiveness such as developing lightweight new materials and creating new demand so that the region's representative key industry, the automobile parts industry, can leap forward as a future-oriented industry.

Selected through the Ministry of Trade, Industry and Energy's public project, the "Urban Autonomous Driving Shuttle Parts and Module Infrastructure Project" (13.7 billion KRW until next year), which has been promoted since last year centered on Gyeongsan, Yeongcheon, and Gimcheon, plans to establish reliability evaluation equipment in the autonomous driving field, a core technology of future cars.

In addition, in Gyeongju, the central area of automobile parts production in the Gyeongbuk region, the "Advanced Technology Establishment Project for Vehicle Advanced Material Molding and Processing" (28.9 billion KRW until next year) will focus on technical guidance and reliability evaluation support.

Furthermore, as part of the Ministry of Trade, Industry and Energy's regional vitality project, the "Future Vehicle Body, Chassis, and E/E System Product Commercialization Support Project" (6.8 billion KRW until next year) is being promoted, and by advancing the "Automobile Tuning Technology Support Cluster Project" (47.5 billion KRW until 2023) centered on Gimcheon, attention is also being paid to fostering new demand industries in the era of 34.3 million registered vehicles.

In addition, through discovering tasks and promoting commercialization considering the government's future car development strategy and regional industrial structure and characteristics, such as the "Future Car Digital Core Electronic System Infrastructure Development Project," the basic strength to continuously respond to the paradigm shift in the automobile industry will be cultivated.

Jang Sang-gil, Director of the Science and Industry Bureau of Gyeongbuk Province, said, "The paradigm shift in future cars is both a great crisis and an opportunity for the local automobile parts industry," adding, "We will do our best to support local companies to adapt to and lead the flow of new technologies and become innovative companies."

This content was produced with the assistance of AI translation services.