Loudon, Tennessee — According to state and local development sources, Hanon Systems USA plans to invest $170,000,000.00 to build out new space in Loudon. The company is creating 600 new jobs at this facility. The company plans to occupy the new space in Loudon, on or about July 1, 2024. According to the company website About Hanon Systems Hanon Systems is a full-line supplier of automotive thermal and energy management solutions for electrified and conventional vehicles. Its offering includes a wide range of solutions in the areas of heating ventilation and air conditioning; powertrain cooling; compressor; fluid transport; and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers, and employs more than 22,000 people across 21 countries. Innovative Technology Hanon Systems is uniquely positioned to develop and produce high-quality thermal and energy management solutions that address regulatory requirements and meet the needs of consumers in the local market. Applying eco-friendly and high-efficiency technologies to electric, hybrid and fuel-cell vehicles, Hanon Systems brings further value to customers worldwide. Global Network Hanon Systems operates a global network across Asia, Europe and the Americas, to deliver tailored service in close proximity to vehicle manufacturers. This global presence makes Hanon Systems uniquely positioned to develop and produce high-quality thermal and energy management solutions that address regulatory requirements and meet the needs of consumers in local markets. Sustainable Value Creation Hanon Systems aspires to be a global automotive leader in supplying innovative thermal and energy management solutions. Rooted in the companys shared values customers, employees and shareholders the company embraces the diversity of its talented global team and focuses on creating enterprise-wide and sustainable value by conducting business in a responsible and ethical manner as a good corporate citizen.

To learn more about Hanon Systems USA, visit http://www.hanonsystems.com/

Company Contact:
Sung Min-suk, Chief Executive Officer
https://www.linkedin.com/in/yong-ho-kim-%EA%B9%80%EC%9A%A9%ED%98%B8-3b85613b/
248-907-8000

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