▶ Signed Agreement to establish Natrium reactor supply chain for serial production based on a year-long joint study ▶ HD Hyundai selected as a preferred manufacturer to supply Natrium Reactor Enclosure System (RES) components leveraging its world-class fabrication capabilities, industrial production expertise, and extensive experience HD Hyundai has moved one step closer to the commercialization of next-generation nuclear reactors. HD Hyundai announced that its shipbuilding subsidiary, HD Hyundai Heavy Industries, recently signed a Natrium Reactor Supply Framework Agreement (FA) with a nuclear innovation company, TerraPower. The signing ceremony was attended by Kwang-shik Won, Senior Executive Vice President and COO of HD Hyundai Heavy Industries, Chris Levesque, President and CEO of TerraPower, and other key officials. Under the agreement, HD Hyundai Heavy Industries has been selected as a preferred manufacturer for Natrium Reactor Enclosure System (RES) components, leveraging its superior fabrication capabilities, technical expertise, and extensive track record. Building on the successful production of the First-of-a-Kind (FOAK) production, both companies plan to expand their business collaboration to the Nth-of-a-Kind (NOAK) serial manufacturing. This agreement is an extension of the "Strategic Agreement for Manufacturing Supply Chain Expansion for the Commercialization of Natrium Reactors" signed in March of last year. Over the past year, the two companies have conducted a joint study to evaluate the manufacturing feasibility, cost competitiveness, and delivery schedules for the Natrium reactor. The Natrium reactor is a fourth-generation Sodium-Cooled Fast Reactor (SFR) developed by TerraPower, and it is widely regarded as having the highest level of safety and technical maturity among existing nuclear technologies. TerraPower has identified the establishment of a stable RES supply chain as a critical priority for the rapid buildout of Natrium plants. Kwang-shik Won, Senior Executive Vice President and Head of the Offshore & Energy Division at HD Hyundai Heavy Industries, stated, "This Framework Agreement not only strengthens our strategic collaboration with TerraPower but also serves as a critical foundation for our entry into the global nuclear market." He added, "Through our joint research, we will strive to ensure the timely supply of Natrium reactor equipment and establish a serial production base to secure a formidable global competitive edge." Chris Levesque, President and CEO of TerraPower said, “Establishing a Framework Agreement with HD Hyundai ensures that we have the production capacity available to support our commercialization plans and build Natrium plants across the U.S. and around the world,” and added, “HD Hyundai’s manufacturing expertise and commitment to continuous improvement give us confidence in our ability to deliver resilient, reliable and affordable nuclear energy for our customers at scale.” Meanwhile, HD Hyundai also signed a tripartite Memorandum of Understanding (MOU) with TerraPower and Hyundai Engineering & Construction (HDEC) on the same day for cooperation on next-generation nuclear power projects. Through this MOU, HD Hyundai plans to work alongside HDEC to establish a robust foundation for Engineering, Procurement, and Construction (EPC) execution and the supply of major equipment, enabling an aggressive response to the global next-generation nuclear power market, including the U.S. 

▶ Integrating unmanned industrial vehicle technology with platform and service capabilities to deliver an intelligent logistics execution system ▶ Verifying technical feasibility through on-site proofs of concept (PoC) and joint demonstrations this year ▶ “We will accelerate the automation of logistics sites and provide differentiated solutions to our customers”   HD Hyundai XiteSolution and Kakao Mobility are joining forces to penetrate the unmanned logistics market.    The construction equipment intermediate holding company of HD Hyundai announced on Tuesday, the 19th, that it signed a Strategic Cooperation MOU for “Building a Next-Generation Unmanned Logistics and Physical AI Ecosystem” with Kakao Mobility at the HD Hyundai Global R&D Center (GRC) in Pangyo on the 18th.   The signing ceremony was attended by key executives from both companies, including Song Hee-joon, CEO of HD Hyundai XiteSolution; Oh Byung-su, Head of the Industrial Vehicle Division; Ryu Geung-seon, CEO of Kakao Mobility; and Ahn Kyu-jin, Vice President and Head of the Business Division.   Through this partnership, both companies will build an "Intelligent Logistics Execution Platform" to address the rapidly growing demand for automation at logistics sites. The core of this initiative is to create an integrated system where equipment, platforms, and data are seamlessly connected. This will be achieved by combining HD Hyundai XiteSolution's unmanned autonomous industrial vehicles (forklifts) and logistics site control solution expertise with Kakao Mobility's platform capabilities, such as integrated control of heterogeneous mobile systems, task optimization, and transportation management.   This integrated framework aims to resolve structural limitations, such as operational inefficiencies and task delays, which previously occurred due to data disconnects between processes in traditional logistics environments. Consequently, it will implement a fully automated system where the entire logistics process—from unloading transport vehicles to handling docks and stacking items inside warehouses—flows seamlessly. The two partners plan to conduct joint demonstration events and technical proofs of concept (PoC) this year to verify the feasibility and commercial viability of the technology in real-world logistics operations.   According to global market research firm Spherical Insights, the domestic logistics automation market is projected to grow at a high rate of over 15% annually, reaching approximately USD 4.8 billion (around KRW 7.1 trillion) by 2035. “The combination of our industrial vehicle and logistics site solution expertise with Kakao Mobility’s platform and service capabilities has established a foothold to lead the logistics automation and physical AI ecosystem,” said Song Hee-joon, CEO of HD Hyundai XiteSolution. He added, “Based on this cooperation, we will accelerate the automation of logistics sites and provide differentiated solutions to our customers.”  *Heterogeneous systems: Multiple types of mobile robots or vehicles with different manufacturers, operating systems (OS), or communication methods.

▶ Secures 316 large to ultra-large forklifts for Algeria, alongside consecutive orders for 90 units in the UAE and regional markets. ▶ “We will capture more order opportunities in emerging markets by enhancing product reliability and dealer competitiveness.” HD Hyundai XiteSolution has secured successive large-scale forklift supply contracts in Africa and the Middle East. The company announced on Sunday, the 17th, that it has signed a contract with the Algerian government to supply 316 industrial vehicles, valued at KRW 37 billion. The vehicles will be delivered to Algeria in stages by August of this year. The massive order was achieved by proposing equipment tailored to Algeria's local operating environment, backed by a stable parts supply and competitive services. The order comprises 10-, 25-, and 30-ton forklifts built for heavy material handling and transport at large-scale construction sites, including shipyards and ports. A high concentration of these large and ultra-large models drove up both revenue and profitability. In the Middle East, the company also secured consecutive supply contracts for industrial vehicles valued at KRW 4 billion. These deals include an order for approximately 50 small and medium-sized forklifts from a UAE-based automotive parts company, alongside about 40 units from a logistics center operator in Syria. To sustain this growth, the company is broadening its sales reach by targeting major operators in emerging markets with growing infrastructure investments. Oh Byung-su, Executive Vice President of the Industrial Vehicle Division, noted, “This success validates our product edge and our capacity to deliver tailored project solutions. We will build on this momentum to capture more large-scale orders from key global clients.”