Chungnam Province Establishes 'Electric Vehicle Parts Performance Evaluation' Base in Boryeong

Chungnam Province will establish a performance evaluation infrastructure for electric vehicle parts in Boryeong.

On the 12th, Chungnam Province announced that the project titled “Establishment of a Performance Evaluation Infrastructure for High-Performance Electric Vehicle Electrification Systems” was finally selected in the Ministry of Trade, Industry and Energy’s industrial innovation infrastructure construction competition.

The infrastructure will be built in Boryeong City with a total project cost of 19.8 billion KRW, including 10 billion KRW in national funds and 9.8 billion KRW in local funds.

The project will be carried out over five years from next month until December 2027, following a multilateral agreement signed by Chungnam Province, Boryeong City, the dedicated agency Korea Institute for Advancement of Technology (KIAT), and the lead organization Korea Automotive Technology Institute.

The core of the project is to equip four types of analysis and evaluation equipment for high-performance electric vehicle parts, support joint technology development responding to corporate demand, and provide testing and evaluation services for electric vehicle parts.

Recently, the electric vehicle market has been shifting from small and medium-sized cars to high-performance vehicles such as premium sedans, large sports utility vehicles (SUVs), and supercars.

In this context, Chungnam Province expects that by establishing public testing and evaluation infrastructure, including expensive equipment that small and medium-sized enterprises find difficult to build, in the region, it will be possible to support companies’ technological innovation activities such as technology development and commercialization.

Ultimately, Chungnam Province explains that this will serve as an opportunity for local automotive parts companies to gain a technological lead in future electric vehicle-related technologies.

Chungnam Province also anticipates economic ripple effects such as production inducement (20.1 billion KRW), added value inducement (9.5 billion KRW), and employment inducement (124 jobs) through the activation of upstream and downstream industries related to electric vehicles and securing industrial competitiveness in new markets once the project is in full swing.

A Chungnam Province official said, “We will do our best to support the swift and stable transition to future vehicles for parts companies in the province in response to the rapidly changing environment of the automotive industry.”

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