Neoauto Completes Yesan 4th Plant, Secures Annual Production Capacity of Up to 94 Billion Won

Neoauto, a company specializing in mobility parts, announced on the 4th that it has completed the construction of its 4th factory in Yesan, securing an annual production capacity of up to 94 billion won.

On the 2nd, the completion ceremony for Neoauto's Plant 4 was held at the Yesan General Industrial Complex in Chungnam.
Photo by Neoauto

On the 2nd, Neoauto held a completion ceremony for its 4th factory at the Yesan General Industrial Complex in Chungnam. The 4th factory was established as a dedicated production base for electrification parts to respond to the growing demand for next-generation hybrid and electric vehicles. It is centered around an advanced gear processing plant of 7,452 square meters on a total site area of 16,505 square meters. Once the facility operates at full capacity, it will secure an annual production capability of up to 94 billion won.

The company plans to use the 4th factory to establish a stable mass production system for EV and hybrid transmission and reduction gear parts, which it already supplies. In particular, Neoauto aims to lay the foundation for the stable supply of various electrification parts by enhancing its flexible manufacturing system and further strengthening its quality competitiveness.

In connection with the completion of the 4th factory, Neoauto will also promote the expansion of its research lab for new technology development. The Neoauto Technology Research Institute is currently developing high-efficiency new products and researching core technologies for next-generation mobility based on its precision processing technologies for automotive transmission and reduction gears.

Leveraging its precision processing capabilities, Neoauto is participating as a key company in the “Localization Technology Development Project for Rover Drive Parts for Planetary Exploration,” led by the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. Neoauto is developing precision parts for robotic actuators that can operate in extreme environments and plans to expand into new high-value-added businesses such as unmanned mobility, robotics, and defense in the future.

A Neoauto representative stated, “The completion of the 4th factory is a major turning point, not only expanding production capacity but also completing our comprehensive portfolio that extends from internal combustion engines to electric vehicles and the broader mobility industry. Based on enhanced global supply chains and technological capabilities, we will maximize mid- to long-term growth and profitability, advancing as a global leader in next-generation mobility parts.”

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