On March 6, 2026, HD Hyundai Electric held a groundbreaking ceremony for its second factory at Hyundai Power Transformers USA, located in Montgomery, Ala. The ceremony was attended by Young-ki Kim, president and CEO of HD Hyundai Electric, along with representatives of the Alabama state government, key customers and partner companies.

HD Hyundai Electric plans to invest $200 million to build the second factory, which is scheduled for completion in April 2027. Once completed, the facility will expand extra-high-voltage (EHV) transformer production capacity by about 50 percent and will introduce new 765kV-class EHV transformer manufacturing and testing facilities.

HD Hyundai Electric has steadily grown in the North American market since establishing its Alabama factory in 2011. The subsidiary now generates around $400 million in revenue and employs about 460 people. With the completion of the second factory, the company plans to increase annual revenue by approximately $150 million and hire an additional 200 employees.

Through synergy with the ongoing Ulsan factory expansion (expected in September 2026), HD Hyundai Electric aims to further strengthen its competitiveness and leadership in the North American EHV transformer market. HD Hyundai Electric will continue to be a key partner in North America's power transmission infrastructure by expanding its local production base and strengthening its technological capabilities.

For more information, visit hd-hyundaielectric.com.