Hansae Mobility, a leading Korean manufacturer of halfshafts, has broken ground on a $30 bn auto parts factory in Fergana, Uzbekistan, the company announced on November 21. The facility is part of its strategy to expand in the fast-growing Central Asian automotive sector, with production expected to start in 2026. The company has not disclosed the size of the plant.
Hansae Mobility is already a major supplier to UzAuto, Uzbekistan’s state-run car manufacturer, with sales from January to September reaching 49.8 bn won ($33.8 mln), or 14% of its total revenue. The new factory is expected to boost the company’s presence in a market that produces around 400,000 vehicles annually, supported by government incentives and regional collaboration.
Following its acquisition by Hansae Yes 24 Group in November 2024 for 135 bn won ($111.8 mln), Hansae Mobility plans to expand its production globally. The company supplies parts to automakers such as General Motors and Stellantis across 27 countries. At an investor event in Vietnam on October 29, Vice Chair Kim Seok-hwan confirmed plans to enlarge the Michigan plant by 2027 and pursue a new European facility.
