Hansae Mobility opens Uzbekistan plant to expand Central Asian business

QUVASOY, Uzbekistan — Hansae Mobility, a Korean automotive parts manufacturer supplying global automakers producing both internal combustion engine vehicles and electric vehicles (EVs), has expanded its overseas production capacity with the completion of a new plant in Quvasoy, in Uzbekistan's Fergana Region. Hansae Yes24 Group's automotive parts subsidiary held a completion ceremony for the plant Tuesday (local time) in a free economic zone in Quvasoy. The facility is operated by Hansae Mobility Turan, an Uzbek subsidiary wholly owned by Hansae Mobility. The ceremony was attended by Hansae Mobility CEO and Hansae Vice Chairman Kim Ik-whan, Mirzohid Ubaydullayev, first deputy governor of Fergana Region, and other officials and representatives from Korea and Uzbekistan. The plant is expected to enable Hansae Mobility to supply its products more quickly to clients in Uzbekistan and expand its customer base in neighboring countries across the Commonwealth of Independent States (CIS). Before the plant opened, Hansae Mobility had to export the parts from Korea. The new facility adds to the