Hyesung Invests KRW 10 Billion in Hybrid Vehicle Transmission Facility

Hyesung Plans Hybrid Vehicle Transmission Component Facility

Hyesung has signed a memorandum of understanding with Yeongcheon City in North Gyeongsang Province for an investment of KRW 10 billion to establish a production facility for transmission components used in hybrid vehicles. The planned facility will occupy a 6,010-square-meter site within an industrial complex in the city, supporting the company's expansion in hybrid vehicle-related component manufacturing. Hyesung, which is based in Yeongcheon, manufactures precision components for transmissions and power transmission systems, including gears and shafts. The project is also expected to create 11 new jobs as the company expands its production capabilities.

Investment Supports Hybrid Powertrain Component Production

The planned investment strengthens Hyesung's manufacturing presence in Yeongcheon while adding dedicated capacity for transmission components for hybrid vehicles. The 6,010-square-meter production site represents a targeted expansion of the company's existing expertise in precision transmission and power transmission components. Its product portfolio includes gears and shafts, which are important mechanical elements within transmission systems. By developing a facility focused on hybrid vehicle transmission components, the company is positioning its manufacturing operations to support demand for hybrid powertrain technologies while maintaining its established focus on precision-engineered drivetrain components.

Frequently Asked Questions

What is Hyesung investing in Yeongcheon?
Hyesung is investing KRW 10 billion to build a production facility for transmission components for hybrid vehicles in Yeongcheon, North Gyeongsang Province. The facility will cover a 6,010-square-meter site at an industrial complex and is planned to create 11 new jobs. Hyesung is based in Yeongcheon and manufactures precision components for transmissions and power transmission systems, including gears and shafts. The investment therefore expands the company's manufacturing footprint while supporting its involvement in components used in hybrid vehicle powertrain systems.