- Registration date2024-05-09
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Director General for Cross-Border Investment Policy Park Deok-yeol attended the completion ceremony of the U.S.-based BorgWarner’s USD 43.6 million “Future Mobility Electrification Driving System R&D Center” on May 9 in the Daegu National Industrial Complex.
Since its initial establishment of transmission clutch production facilities in 1988, BorgWarner has invested a total of $140 million in Korea. The global automotive and e-mobility supplier currently operates seven production lines in Korea, including BorgWarner Changnyeong and BorgWarner Chungju, and has hired an estimated 1,400 employees. The construction of the R&D center commenced after BorgWarner's submission of its investment declaration during President Yoon’s state visit to the U.S. in September 2022.
The newly constructed R&D center is expected to complete a one-stop support system for the R&D, testing, and demonstration of electric vehicles’ driving systems, while also strengthening Korea’s automobile industry’s technological competitiveness and stabilizing the supply chain. The company will be further recruiting 43 highly skilled technical talents within the Daegu National Industrial Complex in the future, contributing to local employment.