Sungwoo Hitech is a global company holding a unique position in automotive parts manufacturing since its establishment in 1977 [DB, 26]. Its main business involves producing body parts such as Bumper Beam, Dash, and Center Floor [DB, 4]. The company focuses on lightweight technology using new materials like aluminum, magnesium, and carbon fiber, along with developing core components for future mobility, including EV battery cases, systems, and hydrogen storage units. It is a leading enterprise in continuous technological innovation, having established the first R&D center in the Korean automotive parts industry [DB, 37].SungwooHitechisaglobalcompanyholdingauniquepositioninautomotivepartsmanufacturingsinceitsestablishmentin1977[DB,26].ItsmainbusinessinvolvesproducingbodypartssuchasBumperBeam,Dash,andCenterFloor[DB,4].Thecompanyfocusesonlightweighttechnologyusingnewmaterialslikealuminum,magnesium,andcarbonfiber,alongwithdevelopingcorecomponentsforfuturemobility,includingEVbatterycases,systems,andhydrogenstorageunits.Itisaleadingenterpriseincontinuoustechnologicalinnovation,havingestablishedthefirstR&DcenterintheKoreanautomotivepartsindustry[DB,37].
Key Products/TechnologiesKeyProducts/Technologies
The main product categories include various automotive body parts such as Bumper Beam, Dash, and Center Floor [DB, 4, 11, 16]. The Front Bumper Beam, designed to reduce impact during low-speed collisions and protect passengers, features lightweight design and improved crash performance through the application of 7000-series aluminum material. The company possesses capabilities in developing bumper beam forming technology using sandwich plates and mash seam tailored blanks.ThemainproductcategoriesincludevariousautomotivebodypartssuchasBumperBeam,Dash,andCenterFloor[DB,4,11,16].TheFrontBumperBeam,designedtoreduceimpactduringlow-speedcollisionsandprotectpassengers,featureslightweightdesignandimprovedcrashperformancethroughtheapplicationof7000-seriesaluminummaterial.Thecompanypossessescapabilitiesindevelopingbumperbeamformingtechnologyusingsandwichplatesandmashseamtailoredblanks.
The PNL ASSY-F/APRON & MBR COMPLETE, a critical skeletal longitudinal member in the front of the vehicle body, absorbs impact during frontal collisions and road vibrations during driving. The PNL ASSY-QUARTER INR COMPLETE supports the rigidity of the rear of the vehicle, absorbing and transmitting input loads from rear road vibrations, with lightweight achieved through aluminum die-casting and SPR application. Domestically mass-produced aluminum car doors are supplied to Genesis G80 and GV80 models.ThePNLASSY-F/APRON&MBRCOMPLETE,acriticalskeletallongitudinalmemberinthefrontofthevehiclebody,absorbsimpactduringfrontalcollisionsandroadvibrationsduringdriving.ThePNLASSY-QUARTERINRCOMPLETEsupportstherigidityoftherearofthevehicle,absorbingandtransmittinginputloadsfromrearroadvibrations,withlightweightachievedthroughaluminumdie-castingandSPRapplication.Domesticallymass-producedaluminumcardoorsaresuppliedtoGenesisG80andGV80models.
Aluminum clamshell hoods are supplied to major EV models such as Hyundai Ioniq 5, Ioniq 6, Kia EV6, and Genesis G90. Battery Case Assembly (BCA) for eco-friendly vehicles including EVs, hydrogen cars, and PHEVs, serves as a core structural component protecting battery cells and modules. Battery Module Assembly (BMA), which stacks battery cells into modules, includes an optimized structure for efficient cooling and units for sensing current, voltage, and temperature of individual cells.AluminumclamshellhoodsaresuppliedtomajorEVmodelssuchasHyundaiIoniq5,Ioniq6,KiaEV6,andGenesisG90.BatteryCaseAssembly(BCA)foreco-friendlyvehiclesincludingEVs,hydrogencars,andPHEVs,servesasacorestructuralcomponentprotectingbatterycellsandmodules.BatteryModuleAssembly(BMA),whichstacksbatterycellsintomodules,includesanoptimizedstructureforefficientcoolingandunitsforsensingcurrent,voltage,andtemperatureofindividualcells.
The company is pursuing expansion into Battery System Assembly (BSA) beyond just battery cases. Significant investment is also directed towards developing hydrogen storage units, a key component for hydrogen-powered vehicles. For smart car components in autonomous driving, the company is developing and investing in infrared thermal imaging camera (FIR) technology and LiDAR sensors.ThecompanyispursuingexpansionintoBatterySystemAssembly(BSA)beyondjustbatterycases.Significantinvestmentisalsodirectedtowardsdevelopinghydrogenstorageunits,akeycomponentforhydrogen-poweredvehicles.Forsmartcarcomponentsinautonomousdriving,thecompanyisdevelopingandinvestingininfraredthermalimagingcamera(FIR)technologyandLiDARsensors.
Key technologies include lightweighting technology, which involves precisely forming various new materials such as aluminum, magnesium, carbon fiber (CFRP), and Giga Steel. Ultra-high-strength steel forming technologies like roll forming and hot stamping enable mass production of high-strength steel sheets with excellent productivity. Localized softening hot stamping allows for multi-strength implementation, component integration, lightweighting, and collision energy absorption.Keytechnologiesincludelightweightingtechnology,whichinvolvespreciselyformingvariousnewmaterialssuchasaluminum,magnesium,carbonfiber(CFRP),andGigaSteel.Ultra-high-strengthsteelformingtechnologieslikerollformingandhotstampingenablemassproductionofhigh-strengthsteelsheetswithexcellentproductivity.Localizedsofteninghotstampingallowsformulti-strengthimplementation,componentintegration,lightweighting,andcollisionenergyabsorption.
Lightweight/composite material forming technologies include aluminum hot press forming, aluminum and magnesium die-casting, and extrusion forming. Aluminum hybrid roll hemming technology, applied to aluminum hoods and doors, involves bending the outer panel edge to join it with the inner panel. Composite material PCM forming technology, utilizing carbon fiber and resin, is also a core competency. The company possesses various joining technologies, including ROLL laser welding, mechanical joining using SPR, and laser joining of dissimilar materials.Lightweight/compositematerialformingtechnologiesincludealuminumhotpressforming,aluminumandmagnesiumdie-casting,andextrusionforming.Aluminumhybridrollhemmingtechnology,appliedtoaluminumhoodsanddoors,involvesbendingtheouterpaneledgetojoinitwiththeinnerpanel.CompositematerialPCMformingtechnology,utilizingcarbonfiberandresin,isalsoacorecompetency.Thecompanypossessesvariousjoiningtechnologies,includingROLLlaserwelding,mechanicaljoiningusingSPR,andlaserjoiningofdissimilarmaterials.
Core AdvantagesCoreAdvantages
Continuous technological development and innovation capabilities through the establishment of the first R&D center in the Korean automotive parts industry [DB, 37]. Recognized for superior technology in carbon composite material manufacturing, mass production of eco-friendly vehicle composite body parts, and battery case production. Securing technological superiority with over 1,900 patents.ContinuoustechnologicaldevelopmentandinnovationcapabilitiesthroughtheestablishmentofthefirstR&DcenterintheKoreanautomotivepartsindustry[DB,37].Recognizedforsuperiortechnologyincarboncompositematerialmanufacturing,massproductionofeco-friendlyvehiclecompositebodyparts,andbatterycaseproduction.Securingtechnologicalsuperioritywithover1,900patents.
Leadership in lightweighting technology using various new materials such as aluminum, magnesium, carbon fiber, and Giga Steel. Enhanced capabilities in developing core components for future mobility, including EV battery cases and systems, and hydrogen storage units, essential for the electric vehicle era.Leadershipinlightweightingtechnologyusingvariousnewmaterialssuchasaluminum,magnesium,carbonfiber,andGigaSteel.Enhancedcapabilitiesindevelopingcorecomponentsforfuturemobility,includingEVbatterycasesandsystems,andhydrogenstorageunits,essentialfortheelectricvehicleera.
Establishment of a global production and supply network operating 22 production bases in 10 countries worldwide. A strong global presence with overseas sales accounting for over 60% of total revenue. Experience in co-advancing into overseas markets like China, India, and Europe with Hyundai and Kia. Accelerated entry into the eco-friendly vehicle market through the establishment of a dedicated EV plant in Telford, Tennessee, USA.Establishmentofaglobalproductionandsupplynetworkoperating22productionbasesin10countriesworldwide.Astrongglobalpresencewithoverseassalesaccountingforover60%oftotalrevenue.Experienceinco-advancingintooverseasmarketslikeChina,India,andEuropewithHyundaiandKia.Acceleratedentryintotheeco-friendlyvehiclemarketthroughtheestablishmentofadedicatedEVplantinTelford,Tennessee,USA.
Quality-centric management, strengthening the quality division and standardizing quality systems across domestic and international business sites under the belief that 'the best quality is the best sales activity'. Proven excellence through numerous quality awards, including the National Quality Award and Hyundai-Kia Motors Grand Quality 5-Star. Official recognition of global competitiveness with the achievement of the $600 million Export Tower Award. The first company in Busan to be selected as a 'Materials, Parts, and Equipment (SooBujang) Master Company' by the Ministry of Trade, Industry and Energy.Quality-centricmanagement,strengtheningthequalitydivisionandstandardizingqualitysystemsacrossdomesticandinternationalbusinesssitesunderthebeliefthat'thebestqualityisthebestsalesactivity'.Provenexcellencethroughnumerousqualityawards,includingtheNationalQualityAwardandHyundai-KiaMotorsGrandQuality5-Star.Officialrecognitionofglobalcompetitivenesswiththeachievementofthe$600millionExportTowerAward.ThefirstcompanyinBusantobeselectedasa'Materials,Parts,andEquipment(SooBujang)MasterCompany'bytheMinistryofTrade,IndustryandEnergy.
Strong strategic partnerships with Hyundai Motor Company and Kia, ensuring stable production volumes and technological cooperation. A global customer portfolio including major global automakers such as GM, BMW, and Volkswagen. Product competitiveness, particularly with bumper rails, which are virtually exclusively supplied to the Hyundai Motor Group.StrongstrategicpartnershipswithHyundaiMotorCompanyandKia,ensuringstableproductionvolumesandtechnologicalcooperation.AglobalcustomerportfolioincludingmajorglobalautomakerssuchasGM,BMW,andVolkswagen.Productcompetitiveness,particularlywithbumperrails,whicharevirtuallyexclusivelysuppliedtotheHyundaiMotorGroup.
A vertically integrated production system capable of independently managing all processes from coil supply and mold manufacturing to press stamping, product assembly, finished product painting, and shipment. This system positions the company as the only automotive body specialist in Korea with supreme competitiveness.Averticallyintegratedproductionsystemcapableofindependentlymanagingallprocessesfromcoilsupplyandmoldmanufacturingtopressstamping,productassembly,finishedproductpainting,andshipment.ThissystempositionsthecompanyastheonlyautomotivebodyspecialistinKoreawithsupremecompetitiveness.
Target IndustrieTargetIndustrie
Automotive industry: Supplying core components to all types of vehicles, including internal combustion engine cars, electric vehicles, hydrogen vehicles, and plug-in hybrids [DB, 4, 11, 12, 20, 21, 23, 32, 34, 35, 37, 43, 46, 47].Automotiveindustry:Supplyingcorecomponentstoalltypesofvehicles,includinginternalcombustionenginecars,electricvehicles,hydrogenvehicles,andplug-inhybrids[DB,4,11,12,20,21,23,32,34,35,37,43,46,47].
Future mobility industry: Developing components and solutions that contribute to technological innovation in future transportation, such as autonomous vehicles and flying cars [DB, 12, 23, 33, 35, 37].Futuremobilityindustry:Developingcomponentsandsolutionsthatcontributetotechnologicalinnovationinfuturetransportation,suchasautonomousvehiclesandflyingcars[DB,12,23,33,35,37].
Major MarketsMajorMarkets
China, IndiaChina,India
Germany, Czech Republic, Russia, European Union (EU), PolandGermany,CzechRepublic,Russia,EuropeanUnion(EU),Poland
United States, MexicoUnitedStates,Mexico
Certifications/PatentsCertifications/Patents
Acquisition of ISO/IEC 27001:2022 international standard certification for information security management system.AcquisitionofISO/IEC27001:2022internationalstandardcertificationforinformationsecuritymanagementsystem.
Selected as a 'Materials, Parts, and Equipment (SooBujang) Master Company' by the Ministry of Trade, Industry and Energy (first in Busan).Selectedasa'Materials,Parts,andEquipment(SooBujang)MasterCompany'bytheMinistryofTrade,IndustryandEnergy(firstinBusan).
Certified as a World-Class Product and Next-Generation World-Class Product by the Ministry of Trade, Industry and Energy.CertifiedasaWorld-ClassProductandNext-GenerationWorld-ClassProductbytheMinistryofTrade,IndustryandEnergy.
Holds INNOBIZ (Innovative Small and Medium Business) certification, designation as an Export Promising Small and Medium Business, and Venture Company confirmation.HoldsINNOBIZ(InnovativeSmallandMediumBusiness)certification,designationasanExportPromisingSmallandMediumBusiness,andVentureCompanyconfirmation.
Obtained Clean Workplace certification, Corporate R&D Center certification, TUV certification, and exporter certification for country of origin by item.ObtainedCleanWorkplacecertification,CorporateR&DCentercertification,TUVcertification,andexportercertificationforcountryoforiginbyitem.
Received Hyundai-Kia Motors Grand Quality 5-Star, Presidential Award for Labor-Management Culture, and Grand National Quality Award (Presidential Group Commendation).ReceivedHyundai-KiaMotorsGrandQuality5-Star,PresidentialAwardforLabor-ManagementCulture,andGrandNationalQualityAward(PresidentialGroupCommendation).
Designated as a Root Technology Specialist Company (Multi-Source Hybrid Joining Process Technology) by the Ministry of SMEs and Startups.DesignatedasaRootTechnologySpecialistCompany(Multi-SourceHybridJoiningProcessTechnology)bytheMinistryofSMEsandStartups.
Acquired New Excellent Technology (NET) certification from the Ministry of Trade, Industry and Energy (AI S/ABS HSG).AcquiredNewExcellentTechnology(NET)certificationfromtheMinistryofTrade,IndustryandEnergy(AIS/ABSHSG).
Possesses over 1,900 patents. Key patents include a forming pressure adjustment device for roll formers, a shield gas injection device, a vehicle front side member, and an assembly structure for vehicle bumper stays.Possessesover1,900patents.Keypatentsincludeaformingpressureadjustmentdeviceforrollformers,ashieldgasinjectiondevice,avehiclefrontsidemember,andanassemblystructureforvehiclebumperstays.
Patents related to vehicle bumper beam units, crash boxes, and a part omission prevention device for pallets. Acquisition of four patents, including one for vehicle crash boxes. Patent for overlapping laser welding technology for galvanized steel sheets. Acquired a patent for ROLL FORMING manufacturing techniques.Patentsrelatedtovehiclebumperbeamunits,crashboxes,andapartomissionpreventiondeviceforpallets.Acquisitionoffourpatents,includingoneforvehiclecrashboxes.Patentforoverlappinglaserweldingtechnologyforgalvanizedsteelsheets.AcquiredapatentforROLLFORMINGmanufacturingtechniques.
Introduction
Location
50 Sojugongdan 3-gil, Yangsan, Gyeongsangnam-do, South Korea
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Information
50 Sojugongdan 3-gil, Yangsan, Gyeongsangnam-do, South Korea