SUNGWOO Decides on 28 Billion Won New Investment and Local Subsidiary Establishment in Monterrey, Mexico
Decision to invest 28 billion won in new facilities and establish a local subsidiary in Monterrey, Mexico.
Purpose: Respond to the North American EV market, meet local supply chain demands from customers' expanded North American production, reduce tariffs and logistics costs.
Investment period: From August 1, 2026 to June 30, 2027.