Global Company BorgWarner with Annual Sales of 19 Trillion KRW Invests 62 Billion KRW in Daegu ... Establishes Future Car Parts Research Center

Daegu City Hall Sangyeok Office Building.

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] Global automotive parts company BorgWarner is investing 62 billion KRW to establish a future vehicle parts research center in Daegu.

On the 10th at 11:30 a.m., Daegu City will sign an investment attraction agreement with the global automotive parts company BorgWarner Inc. (CEO Fredric Lissalde) at the Sangeok Office of Daegu City Hall to establish an R&D center for future vehicle electrification parts.

BorgWarner Inc., founded in 1928 and headquartered in the United States, is a global automotive parts company with 93 manufacturing plants and research centers in 24 countries worldwide.

Its annual sales exceed 19 trillion KRW, and it employs 49,300 people. Recently, in response to changes in global automotive market trends, the company has been focusing on developing electrification parts for electric and hybrid vehicles to accelerate the transition to future mobility.

Through this investment agreement, BorgWarner will establish a foreign-invested corporation, BorgWarner DTC (BorgWarner Daegu Tech Center), in Daegu, investing a total of 43.6 million USD to build an R&D center for electrified drive motors for future mobility on a 10,616㎡ research facility site within the Daegu National Industrial Complex. Groundbreaking is planned for the first half of next year, with completion expected around the end of next year.

Currently, BorgWarner operates eight domestic business sites including Changnyeong, Chungju, and Pyeongtaek, and has been collaborating on R&D for automotive electrified drive motors with the BorgWarner Changnyeong affiliated research institute located in the Daegu Seongseo Industrial Complex.

The background of this investment decision includes Daegu City's efforts to foster the electric vehicle motor industry by creating an "Electric Vehicle Motor Specialized Complex," which served as a significant advantage.

The city plans to establish a motor specialized complex in the second phase area of the Daegu National Industrial Complex to support the clustering of motor companies, motor R&D, advancement of leading technologies, and commercialization.

Gunter Lapp, Vice President of BorgWarner's Power Drive Systems division (56), said, "Daegu is focusing on fostering the electric vehicle motor industry and has a well-established automotive parts production base and industry-academia cooperation system. We will do our best to concentrate BorgWarner's capabilities and technology to ensure the successful development of new businesses at BorgWarner DTC."

Hong Joon-pyo, Mayor of Daegu, stated, "Electric motors are essential components for nurturing future regional industries such as electric vehicles, UAM, and robots, and the related market is rapidly growing. We expect BorgWarner to play a leading role in Daegu's future mobility industry along with talent recruitment."

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