Hyundai Wia Launches New Slovakia Plant... Targets European Electric Vehicle Market
Annual Production Capacity:
800,000 Constant Velocity Joints and 280,000 Coolant Modules
Hyundai Wia has begun mass production at its new plant in Slovakia as it sets out to expand its presence in the European market.
Kwon Oh-sung, CEO of Hyundai Wia, is giving a greeting at the "Hyundai Wia Slovakia Corporation New Plant Mass Production Ceremony" held on the 30th (local time) in Martin City, Zilina Region, Slovakia. Hyundai Wia
View original imageOn October 1, Hyundai Wia announced that it held the ‘Hyundai Wia Slovakia Corporation New Plant Mass Production Ceremony’ at its new facility in Martin, Zilina Region, Slovakia, on September 30 (local time). The event was attended by Kwon Osung, CEO of Hyundai Wia; Denisa Sakova, Slovak Minister of Economy; Erik Tomáš, Slovak Minister of Labor; Erika Jurinová, Governor of Zilina Region; Jan Danko, Mayor of Martin; Kwon Kihwan, Ambassador of the Republic of Korea to Slovakia; as well as other Slovak government and diplomatic officials, major clients, and partner companies.
Hyundai Wia’s Slovakia Corporation, established in April 2023, has previously produced constant velocity joints (CVJ) at another plant in the Zilina Region. Hyundai Wia decided to relocate to the new plant to proactively respond to mid- to long-term production volume increases and to secure a stable manufacturing base.
The new facility will produce both constant velocity joints and coolant modules. The plant has an annual production capacity of up to 800,000 CVJs and 280,000 coolant modules. Hyundai Wia aims to expand the CVJ production capacity up to five times its current level through continuous investment. The company also plans to widen its product lineup to include heating, ventilation, and air conditioning (HVAC) modules in the future.
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Hyundai Wia supplies its manufactured CVJs and thermal management components to major global automakers, including Hyundai Motor Company and Kia. In particular, by delivering parts for Kia’s EV2 and EV4 models, which are dedicated to electric vehicles, the company plans to strengthen its strategy for the European electric vehicle market. Accordingly, Hyundai Wia plans to expand its workforce from the current 98 employees to around 410 employees by 2030.
CEO Kwon Osung stated, "This plant is a core production base that Hyundai Wia has established in Europe, and as our company celebrates its 50th anniversary, it serves as a symbolic milestone toward the next 100 years. With world-class technology and quality, we will become a trustworthy partner for our European customers."
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