Doosan Co., Ltd. Expands Production of Next-Generation Electronic Materials for Electric Vehicles in Vietnam

Cooperation MOU in the Electronic Materials Field

Doosan Corporation is partnering with Hai Duong Province in Vietnam to explore new opportunities in advanced electronic materials business.

Doosan Corporation announced on the 25th that it signed a Memorandum of Understanding (MOU) for 'cooperation in the electronic materials sector' with Hai Duong in Hanoi, Vietnam. The signing ceremony was held as part of President Yoon Suk-yeol's state visit to Vietnam.

Under this agreement, Doosan Corporation will expand its PFC (Patterned Flat Cable) production plant in Hai Duong, Vietnam, and consider additional investments in the future to contribute to job creation and regional economic development. Hai Duong plans to support Doosan's smooth investment by providing tax benefits and other incentives.

After the signing ceremony for 'Cooperation in the Electronic Materials Sector' held on the 23rd in Hanoi, Vietnam, Doosan Electronics BG President Yoo Seung-woo (left) and Hai Jeong-seong, Chairman of Chu Te Hung, are taking a commemorative photo.
[Photo by Doosan Co., Ltd.]

Doosan Corporation established its Vietnam subsidiary in 2020 and completed a factory for mass production of PFC in October last year. PFC is a next-generation electronic material that can replace copper wiring harnesses, which are essential for electric vehicles, including batteries, doors, seats, and roof cables.

Applying PFC to electric vehicles can reduce the weight and volume of copper wiring by more than 80%, enabling lightweighting, cost reduction, and increased driving range. Since lightweighting electric vehicles is a key challenge across the industry, attention to PFC is increasing.

Yoo Seung-woo, head of Doosan Corporation's Electronics BG, said, "Although we faced difficulties due to the COVID-19 situation immediately after establishing the subsidiary, local Vietnamese employees worked together to successfully build the production line," adding, "As the PFC business is expected to grow rapidly in the next-generation mobility sector, we will secure business competitiveness together with Hai Duong."

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