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HD Hyundai Electric

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HD Hyundai Electric Co.,Ltd.
Native name
HD현대일렉트릭
Company typePublic
KRX: 267260
IndustryRenewable energy industry
Founded3 April 2017; 7 years ago (2017-04-03)
Headquarters
Seongnam
,
South Korea
ProductsWind power turbines, power transformer
Number of employees
2,118 (2023)
ParentHD Hyundai
Websitewww.hd-hyundaielectric.com/elect/ko/

HD Hyundai Electric (Korean: HD현대일렉트릭) is a South Korean manufacturer of power transformers and other electrical equipment. By 2017, the company had supplied a cumulative total of over 1.2 million kWA transformers to 70 countries around the world.

History

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In 1977, the Heavy Electrical Equipment Division of Hyundai Heavy Industries was established.[1] The following year, it began producing transformers, and in November of that year, it became independent as Hyundai Heavy Electric (현대중전기). In 1993, it was merged into Hyundai Heavy Industries and took the form of the Heavy Electricity Business Division, and in 2001, its name was changed to the Electrical and Electronic Systems Business Division.[2][3] In April 2017, Hyundai Electric was launched as a result of Hyundai Heavy Industries' spin-off into Hyundai Heavy Industries, Hyundai Robotics, Hyundai Construction Equipment, and Hyundai Electric.[4]

In December 2023, it was included in the KOSPI 200 constituents.[5]

Product

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By 2017, HD Hyundai Electric had supplied a cumulative total of over 1.2 million kWA transformers to 70 countries around the world.[6] According to a 2025 report from the Maeil Business Newspaper, it ranks first and second in the ultra-high voltage transformer market share in the United States and Saudi Arabia, respectively.[7][8]

References

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  1. ^ "창립 50주년 맞은 현대重그룹…"100년 기업으로 도약할 것"". Yonhap News. 22 March 2022.
  2. ^ "[CEO 탐구] 주영걸 현대일렉트릭 사장, 독자기술 개발로 '시련의 10년' 정면 돌파". Korea Economic Daily. 2018-01-30.
  3. ^ "AI 바람 타고… K전력 인프라 빅3, 1년 새 시총 3배로". The Chosun Ilbo. 14 December 2024.
  4. ^ "현대건설기계, 중국·인도 공장 인수…2884억원". News1. 17 December 2017.
  5. ^ ""코스피200 편입 종목…공매도 금지로 강세 전망"". Korea Economic Daily. 24 November 2023.
  6. ^ "[Cover Story - 현대중공업그룹] 변압기 매출 매년 12% 확대…세계 5위". Korea Economic Daily. 2017-05-18.
  7. ^ "HD현대일렉 "美 변압기 슈퍼호황 10년 간다…선제 투자로 시장 선점"". Korea Economic Daily. 19 January 2025.
  8. ^ "AI 붐에 각광받는 K변압기…최대 수혜주는 HD현대일렉트릭". Maeil Business Daily. 26 January 2025.
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