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Valeo Kapec Announces Large-Scale Investment in Yeongcheon High-Tech Park District 상세내용
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- Valeo Kapec Announces Large-Scale Investment in Yeongcheon High-Tech Park District
- 등록일2025-07-07 00:00:00
- 작성자 investment [이수민 ☎054-880-4612]
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Valeo Kapec Announces Large-Scale Investment in Yeongcheon High-Tech Park District
- KRW 160 billion invested to establish electric vehicle battery system assembly (BSA) production line -
- MOU signed with Gyeongsangbuk-do, Yeongcheon-si, DGFEZ, and LH, expected to create 100 new jobs -
The global automotive parts specialist Valeo Kapec Co., Ltd. has announced a large-scale investment in Yeongcheon High-Tech Park District. On July 7, Gyeongsangbuk-do, Yeongcheon-si, Daegu-Gyeongbuk Free Economic Zone Authority (DGFEZ), and Korea Land & Housing Corporation (LH) signed a memorandum of erstanding (MOU) with Valeo Kapec, outlining an investment of KRW 160 billion and the creation of 100 new jobs.
The signing ceremony was attended by Lee Nam-eok, Head of the New Consolidated Airport Investment Office of Gyeongsangbuk-do; Choi Gi-moon, Mayor of Yeongcheon; Kim Byeong-sam, Commissioner of DGFEZ; and Shin Soon-cheol, CEO of Valeo Kapec, along with six other officials.
Valeo Kapec, currently pursuing reshoring initiatives, plans to establish an electric vehicle battery system assembly (BSA) production line on a site of approximately 36,364 m2 within Yeongcheon High-Tech Park District from 2025 to 2030.
The BSA is a complete battery pack that combines electronic components and a battery management system (BMS), enabling the battery to operate safely and efficiently in electric vehicles. High-capacity, high-efficiency battery systems are essential core components that determine the quality and perance of electric vehicles.
Valeo Kapec, an affiliate of PHC Group, was established in 2017 as a joint venture (JV) between Korea Powertrain (foed in 1993) and France’s Valeo Group. The company operates its headquarters in Daegu, with manufacturing plants in Waegwan and Seongju, Gyeongsangbuk-do, as well as local subsidiaries in Mexico, China, Japan, and the United States. Its main products include torque converters, gear actuators, and engine pulleys. Among these, the torque converter is supplied to both domestic and international automakers, securing a dominant market position.
※ Torque Converter: A device that transmits engine rotational power to the transmission in automatic transmissions, enabling smooth vehicle starts, comfortable driving, and efficient shifting.
※ Gear Actuator: A key component that s or shifts gears in automatic or electronic transmission systems, contributing to improved efficiency and convenience.
※ Engine Pulley: A part that transmits engine rotational power to various vehicle components via belts, ensuring the smooth operation of electrical, cooling, and other systems.
Meanwhile, Gyeongsangbuk-do was recognized as an outstanding local government for attracting reshoring companies by the Ministry of Trade, Industry and Energy (MOTIE) in 2024 and received a Prime Minister’s Commendation. Consequently, when applying for the reshoring investment subsidies in 2025, Gyeongsangbuk-do will receive an additional 5% in national subsidies compared to other local governments, reducing the local financial burden.
Additionally, Gyeongsangbuk-do actively promoted investment incentives by holding “Reshoring Company Rotables” in August and November last year and the seminar on attracting reshoring and regional expansion companies on June 25 of this year.
Shin Soon-cheol, CEO of Valeo Kapec, stated, “This investment marks a key turning point for Valeo Kapec to reemerge as a global leader in the electrification era, beyond being the global no. 1 automatic transmission torque converter company, through electric vehicle BSAs and energy storage systems (ESSs). We will continue to pursue sustainable development in cooperation with Gyeongsangbuk-do d on environmental, social, and governance (ESG) management and remain committed to corporate our social responsibility.”
Lee Nam-eok, Head of the New Consolidated Airport Investment Office of Gyeongsangbuk-do, commented, “This MOU signing is a result of Gyeongsangbuk-do’s proactive efforts to attract businesses and is expected to generate significant ripple effects, such as attracting related companies and revitalizing the local economy. Gyeongsangbuk-do will ensure a stable investment environment for Valeo Kapec through active administrative and financial support.”
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