Sungwoo Hitech strengthens investment in electric vehicle parts R&D ... "Expansion of overseas finished vehicle parts"
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
김지선
stockmk2020@alphabiz.co.kr | 2023-04-16 18:05:07
[Alpha Biz=(Chicago) Reporter Kim Jisun] Sungwoo Hitech will continue to invest 30 billion won in research and development (R&D) this year following last year. Hyundai Motors, Kia Motors, and GM Korea, as well as overseas automakers, plan to increase the supply of electric vehicle parts.
Sungwoo Hitech is expected to invest around 30 billion won to develop electric vehicle parts for domestic and foreign finished car customers this year. The company invested 36.36 billion won in R&D last year, up 14 billion won from the previous year. This year, the company plans to focus on external materials for electric vehicle batteries and expand advanced development.
Sungwoo Hitech's sales last year were 4 trillion won, with Hyundai Motor, Kia Motors and GM Korea being its main customers. The supply of parts to overseas finished cars such as Volkswagen and BMW is also increasing.
Sungwoo Hitech has recently been strengthening the development of battery external materials for electric vehicles. The company makes major components such as battery case BCA, battery module assembly (BMA), and battery system assembly (BSA) for electric passenger cars and electric sport utility vehicles (SUV).
BMA, BSA, and BCA are components that protect the internal system of electric vehicle battery cells, modules, and packs. Including this, the company plans to create a business model focusing on high-strength and lightweight components related to electric vehicle batteries.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1NH Investment & Securities Cuts NAVER Target Price to KRW 320,000, Maintains ‘Buy’ on AI Growth Outlook
- 2Korean Air and LCC Affiliates Enter Emergency Management as Fuel Costs Surge Amid Middle East Conflict
- 3Amazon Web Services to Invest KRW 7 Trillion More in Korea by 2031, Expanding AI Infrastructure
- 4Lotte Group to Launch KRW 50 Trillion Real Estate Development Push to Tackle Liquidity Pressures
- 5Daesang Executive Arrested in KRW 10 Trillion Sweetener Price-Fixing Probe; CEOs Avoid Detention
- 6China Vanke Posts Record Loss as Property Slump Deepens Financial Strain