Establishment of the 'Future Vehicle Transition Comprehensive Support Center' in Changwon, Gyeongnam

Ministry of Trade, Industry and Energy and Gyeongnam Province Provide Comprehensive Support for All Stages of Future Car Transition Including Planning, Research, and Commercialization

[Sejong=Asia Economy Reporter Kwon Haeyoung] As part of the government policy to transform 1,000 parts companies into future car companies by 2030, a 'Future Car Transformation Comprehensive Support Center' will be established in Changwon, Gyeongsangnam-do.

On the 16th, the Ministry of Trade, Industry and Energy held a groundbreaking ceremony for the 'Future Car Transformation Comprehensive Support Center' in Changwon, Gyeongsangnam-do, attended by the Ministry, Gyeongsangnam-do, Changwon City, companies, research, and financial institutions.

The Future Car Transformation Comprehensive Support Center is part of the regional future car transformation comprehensive support platform announced by the government on the 10th as a task for the transformation of automobile parts companies into future cars. It is a new concept cooperative platform that comprehensively supports the entire process of future car transformation, including planning, research, and commercialization.

▲ Individual parts companies' three major future car transformation capabilities?planning, research, and commercialization?will be supplemented by complete vehicle manufacturers, research institutes, and government/local governments, and ▲ the transformation of regional parts companies into future cars will be promoted. Additionally, ▲ regional research institutes and financial institutions will cooperate to support parts companies in securing facility investment and R&D funds necessary for future car transformation.

In particular, in connection with the Hydrogen Mobility Research Division of the Korea Automotive Technology Institute located in Changwon, priority support will be given to hydrogen car transformation, and in the future, considering the regional industrial ecosystem, expansion of support areas to electric commercial vehicles will be reviewed.

The Ministry of Trade, Industry and Energy, Gyeongsangnam-do, and Changwon City will invest a total of 61.5 billion KRW by 2024 to gradually build three research support facilities equipped with a main building and test evaluation equipment on a site in Seongsan-gu, Changwon City. Nine companies, including Hyundai Motor Company, will move into the main building.

Kang Kyungseong, Director of Industrial Policy at the Ministry of Trade, Industry and Energy, said, "The Future Car Transformation Comprehensive Support Center will present a new path for future car transformation as a platform of cooperation, challenge, and change driving the future car transformation of our parts companies" and "starting with the Gyeongsangnam-do Future Car Transformation Comprehensive Support Center, we will steadily implement the establishment of regional future car transformation comprehensive support platforms."

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