HD Hyundai Electric to Build Smart Factory for Power Distribution Equipment

117.3 Billion Won Invested in Establishing Medium-Low Voltage Circuit Breaker Factory
Production Capacity to Nearly Double by 2030

HD Hyundai Electric CI

HD Hyundai Electric, a subsidiary of HD Hyundai specializing in power equipment and energy solutions, has embarked on expanding its presence in the distribution equipment market with the construction of a new factory for low- and medium-voltage circuit breakers.

On the 13th, HD Hyundai Electric held a board meeting and announced through a public disclosure that it has decided to invest 117.3 billion KRW to build the low- and medium-voltage circuit breaker factory.

The new factory will be located on a total site area of 85,420㎡ within the Cheongju Central Valley General Industrial Complex in Cheongju, Chungcheongbuk-do. Construction will begin in April next year and is scheduled to be completed by October 2025. It will be a smart factory equipped with advanced automation facilities, with a production capacity expected to reach approximately 130 million units by 2030. Accordingly, HD Hyundai Electric’s production capacity is anticipated to roughly double from its current level.

Sales in the distribution equipment sector, including low- and medium-voltage circuit breakers, account for about 25% of HD Hyundai Electric’s total sales this year. Through the construction of this new factory, HD Hyundai Electric plans to actively target the rapidly growing distribution equipment market driven by the global expansion of renewable energy generation.

An HD Hyundai Electric representative stated, "As the global energy transition accelerates, we expect a significant increase in demand for distribution equipment in the future," adding, "We will effectively respond to the growing global demand for distribution equipment through a smart factory equipped with the latest automation facilities."

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