Last mentioned: Mar 8, 2026
Major Subsidiary Expansion
Announcement of a significant new expansion to solidify leadership in the North American EHV transformer market.
Record Backlog Reported
HD Hyundai Electric reports record-breaking order backlogs due to unprecedented U.S. grid demand.
Initial Capacity Expansion
The company completes an initial expansion of the Alabama facility, increasing production capacity by 50%.
Alabama Plant Acquisition
HD Hyundai Electric acquires the Montgomery, Alabama power transformer plant to establish a U.S. manufacturing base.
HD Hyundai Electric has announced a major expansion of its North American production subsidiary, targeting the critical shortage of extra-high voltage (EHV) power transformers. The move positions the South Korean firm to capitalize on the multi-billion dollar U.S. grid modernization effort and the rapid growth of energy-intensive industries like AI data centers.