Hanon Systems is a global leader in automotive thermal and energy management solutions, primarily engaged in the manufacturing and wholesale of various components such as radiators, heaters, air conditioners, compressors, and condensers. The company provides innovative thermal management systems and HVAC solutions for all vehicle types, from internal combustion engines to hybrid, electric, and hydrogen cars, pursuing continuous growth. It particularly focuses on developing key technologies for the eco-friendly vehicle market, including heat pump systems and battery thermal management solutions. Operating 51 manufacturing plants and 3 global innovation centers across 21 countries worldwide, the company has established a strong presence in the global market.HanonSystemsisagloballeaderinautomotivethermalandenergymanagementsolutions,primarilyengagedinthemanufacturingandwholesaleofvariouscomponentssuchasradiators,heaters,airconditioners,compressors,andcondensers.ThecompanyprovidesinnovativethermalmanagementsystemsandHVACsolutionsforallvehicletypes,frominternalcombustionenginestohybrid,electric,andhydrogencars,pursuingcontinuousgrowth.Itparticularlyfocusesondevelopingkeytechnologiesfortheeco-friendlyvehiclemarket,includingheatpumpsystemsandbatterythermalmanagementsolutions.Operating51manufacturingplantsand3globalinnovationcentersacross21countriesworldwide,thecompanyhasestablishedastrongpresenceintheglobalmarket.
Key Products/TechnologiesKeyProducts/Technologies
HVAC Systems: Development of diverse air conditioning systems such as Ultra-Flat HVAC, Straight Airflow Path HVAC, Triple Zone HVAC, and Sliding Door HVAC, maximizing cabin space utilization and providing a comfortable environment. Possession of ultra-compact HVAC systems that significantly reduce volume and weight by integrating rotary doors for airflow and temperature control with sliding doors.HVACSystems:DevelopmentofdiverseairconditioningsystemssuchasUltra-FlatHVAC,StraightAirflowPathHVAC,TripleZoneHVAC,andSlidingDoorHVAC,maximizingcabinspaceutilizationandprovidingacomfortableenvironment.Possessionofultra-compactHVACsystemsthatsignificantlyreducevolumeandweightbyintegratingrotarydoorsforairflowandtemperaturecontrolwithslidingdoors.
Compressors: Production technology for various types of high-efficiency compressors, including fixed swash plate HS compressors, rotary suction RS compressors, and variable swash plate VS compressors. Notably, eco-friendly electric compressors based on R744 (carbon dioxide) and R290 (propane) are supplied to Volkswagen Group's MEB platform, achieving over 1 million units in cumulative production.Compressors:Productiontechnologyforvarioustypesofhigh-efficiencycompressors,includingfixedswashplateHScompressors,rotarysuctionRScompressors,andvariableswashplateVScompressors.Notably,eco-friendlyelectriccompressorsbasedonR744(carbondioxide)andR290(propane)aresuppliedtoVolkswagenGroup'sMEBplatform,achievingover1millionunitsincumulativeproduction.
Thermal Management Systems for EVs and Hybrid Vehicles: Development and mass production technology for the world's first 4th generation heat pump system for electric vehicles. This technology contributes to improving EV driving range by simultaneously utilizing parallel heat source recovery from ambient air, motor, and battery waste heat. Provision of eco-friendly solutions such as battery thermal management systems, thin-film coolant heaters utilizing ceramic thin-film heating element technology, and automatic transmission fluid warmers/coolers.ThermalManagementSystemsforEVsandHybridVehicles:Developmentandmassproductiontechnologyfortheworld'sfirst4thgenerationheatpumpsystemforelectricvehicles.ThistechnologycontributestoimprovingEVdrivingrangebysimultaneouslyutilizingparallelheatsourcerecoveryfromambientair,motor,andbatterywasteheat.Provisionofeco-friendlysolutionssuchasbatterythermalmanagementsystems,thin-filmcoolantheatersutilizingceramicthin-filmheatingelementtechnology,andautomatictransmissionfluidwarmers/coolers.
Integrated Thermal Management Control Technology: Integrated control technology for various heat sources within hybrid electric vehicles (HEV), including the engine, motor, and heat pump, improving winter fuel efficiency by approximately 15% and minimizing heating energy consumption. This technology is expandable to all electrified vehicle types, including PHEV and EREV.IntegratedThermalManagementControlTechnology:Integratedcontroltechnologyforvariousheatsourceswithinhybridelectricvehicles(HEV),includingtheengine,motor,andheatpump,improvingwinterfuelefficiencybyapproximately15%andminimizingheatingenergyconsumption.Thistechnologyisexpandabletoallelectrifiedvehicletypes,includingPHEVandEREV.
Powertrain Cooling Systems: Solutions that enhance automotive energy efficiency through coolant circulation to prevent engine overheating and heat dissipation via radiators. Maintenance of optimal engine temperature based on highly adaptable design capabilities applicable to all vehicle types.PowertrainCoolingSystems:Solutionsthatenhanceautomotiveenergyefficiencythroughcoolantcirculationtopreventengineoverheatingandheatdissipationviaradiators.Maintenanceofoptimalenginetemperaturebasedonhighlyadaptabledesigncapabilitiesapplicabletoallvehicletypes.
Core AdvantagesCoreAdvantages
Global Market Share: Position as the world's second-largest player in automotive thermal management solutions with approximately 13% global market share, and a dominant 52% share in the domestic Korean market.GlobalMarketShare:Positionastheworld'ssecond-largestplayerinautomotivethermalmanagementsolutionswithapproximately13%globalmarketshare,andadominant52%shareinthedomesticKoreanmarket.
Leadership in Eco-friendly Vehicle Thermal Management Technology: Pioneering development and mass production of the world's first 4th generation heat pump system for EVs, and surpassing 1 million units in R744 electric compressor production, demonstrating proactive technological competitiveness in eco-friendly vehicle thermal management. Establishment of a comprehensive thermal management technology portfolio covering ICE, HEV, BEV, EREV, and FCEV.LeadershipinEco-friendlyVehicleThermalManagementTechnology:Pioneeringdevelopmentandmassproductionoftheworld'sfirst4thgenerationheatpumpsystemforEVs,andsurpassing1millionunitsinR744electriccompressorproduction,demonstratingproactivetechnologicalcompetitivenessineco-friendlyvehiclethermalmanagement.EstablishmentofacomprehensivethermalmanagementtechnologyportfoliocoveringICE,HEV,BEV,EREV,andFCEV.
Extensive Intellectual Property Portfolio: Securing over 9,100 patents related to thermal management and air conditioning, establishing technological superiority and strengthening competitiveness through the development of patents for eco-friendly, high-efficiency HVAC systems. Hydrogen vehicle-related technologies are designated as national core technologies under the 'Industrial Technology Protection Act'.ExtensiveIntellectualPropertyPortfolio:Securingover9,100patentsrelatedtothermalmanagementandairconditioning,establishingtechnologicalsuperiorityandstrengtheningcompetitivenessthroughthedevelopmentofpatentsforeco-friendly,high-efficiencyHVACsystems.Hydrogenvehicle-relatedtechnologiesaredesignatedasnationalcoretechnologiesunderthe'IndustrialTechnologyProtectionAct'.
Global Production and R&D Network: Operation of 51 manufacturing plants, 3 global innovation centers, and 23 engineering facilities across 21 countries worldwide, enabling rapid response to diverse global customer demands.GlobalProductionandR&DNetwork:Operationof51manufacturingplants,3globalinnovationcenters,and23engineeringfacilitiesacross21countriesworldwide,enablingrapidresponsetodiverseglobalcustomerdemands.
Diversified Global Customer Base: Expansion of collaborations with major European and American OEMs such as Ford, Volkswagen, GM, Fiat Chrysler, Mercedes-Benz, BMW, and Tesla, in addition to Hyundai Motor Group, establishing a stable customer portfolio. Supply of dedicated HVAC and thermal management systems for Amazon's autonomous driving subsidiary, Zoox.DiversifiedGlobalCustomerBase:ExpansionofcollaborationswithmajorEuropeanandAmericanOEMssuchasFord,Volkswagen,GM,FiatChrysler,Mercedes-Benz,BMW,andTesla,inadditiontoHyundaiMotorGroup,establishingastablecustomerportfolio.SupplyofdedicatedHVACandthermalmanagementsystemsforAmazon'sautonomousdrivingsubsidiary,Zoox.
Securing Growth Engines through New Business Expansion: Expansion of business areas into data center cooling systems (including immersion cooling technology) and energy storage system (ESS) thermal management, leveraging automotive thermal management expertise to discover future growth engines.SecuringGrowthEnginesthroughNewBusinessExpansion:Expansionofbusinessareasintodatacentercoolingsystems(includingimmersioncoolingtechnology)andenergystoragesystem(ESS)thermalmanagement,leveragingautomotivethermalmanagementexpertisetodiscoverfuturegrowthengines.
Target IndustrieTargetIndustrie
Automotive Industry (Internal Combustion Engine Vehicles, Hybrid Electric Vehicles, Electric Vehicles, Fuel Cell Electric Vehicles)AutomotiveIndustry(InternalCombustionEngineVehicles,HybridElectricVehicles,ElectricVehicles,FuelCellElectricVehicles)
Autonomous Driving Vehicle Industry (Dedicated HVAC and Thermal Management Systems for Robotaxis)AutonomousDrivingVehicleIndustry(DedicatedHVACandThermalManagementSystemsforRobotaxis)
Data Center Infrastructure Industry (High-efficiency Thermal Management, Immersion Cooling Systems)DataCenterInfrastructureIndustry(High-efficiencyThermalManagement,ImmersionCoolingSystems)
Energy Storage System (ESS) Industry (Thermal Management Systems)EnergyStorageSystem(ESS)Industry(ThermalManagementSystems)
Automotive AftermarketAutomotiveAftermarket
Major MarketsMajorMarkets
South AfricaSouthAfrica
South Korea, China, New OEM countries in AsiaSouthKorea,China,NewOEMcountriesinAsia
Germany, Portugal, Countries of major European OEMsGermany,Portugal,CountriesofmajorEuropeanOEMs
United States, CanadaUnitedStates,Canada
BrazilBrazil
Certifications/PatentsCertifications/Patents
Possession of over 9,100 patents related to thermal management and air conditioning.Possessionofover9,100patentsrelatedtothermalmanagementandairconditioning.
Development and acquisition of patents related to eco-friendly, high-efficiency HVAC systems.Developmentandacquisitionofpatentsrelatedtoeco-friendly,high-efficiencyHVACsystems.
Hydrogen vehicle-related technologies designated as national core technologies under the 'Industrial Technology Protection Act'.Hydrogenvehicle-relatedtechnologiesdesignatedasnationalcoretechnologiesunderthe'IndustrialTechnologyProtectionAct'.
Securing numerous new patents related to the 4th generation heat pump system.Securingnumerousnewpatentsrelatedtothe4thgenerationheatpumpsystem.
Awarded the 'Industrial Technology Innovation Award of the Year' in 2025 (HEV integrated thermal management control technology).Awardedthe'IndustrialTechnologyInnovationAwardoftheYear'in2025(HEVintegratedthermalmanagementcontroltechnology).
Awarded the 'IR52 Jang Young-shil Award' in 2025 (4th generation heat pump system, slim HVAC system for EVs).Awardedthe'IR52JangYoung-shilAward'in2025(4thgenerationheatpumpsystem,slimHVACsystemforEVs).
Received the 'PACE Award' for the third time in 2025 (Visible Light LED Photocatalyst HVAC Antibacterial Deodorization Technology).Receivedthe'PACEAward'forthethirdtimein2025(VisibleLightLEDPhotocatalystHVACAntibacterialDeodorizationTechnology).
Awarded the GM Supplier Quality Excellence Award (SQEA) for 5 consecutive years (2020-2024) (Daejeon plant).AwardedtheGMSupplierQualityExcellenceAward(SQEA)for5consecutiveyears(2020-2024)(Daejeonplant).
Selected as a 'Power Innovation Company' by Forbes Korea in 2021 (5th place in the large/medium-sized enterprise league).Selectedasa'PowerInnovationCompany'byForbesKoreain2021(5thplaceinthelarge/medium-sizedenterpriseleague).
Acquired new technology certification from the Ministry of Knowledge Economy in 2012 (ultra-compact HVAC system).AcquirednewtechnologycertificationfromtheMinistryofKnowledgeEconomyin2012(ultra-compactHVACsystem).
New technology certification for automatic transmission fluid warmer/cooler.Newtechnologycertificationforautomatictransmissionfluidwarmer/cooler.