▶ Through process automation and logistics optimization, the company is targeting KRW 1.6 trillion in revenue by 2030. ▶ The annual production capacity of construction equipment components has been increased to 220,000 units. ▶ The company plans to take the lead in the medium-to-large electric forklift market with the launch of its 10–18 ton large electric forklifts HD Hyundai XiteSolution has successfully completed the advancement project of its Ulsan industrial vehicle plant, establishing a production base with an annual capacity of 24,000 industrial vehicles. In addition, the company has set a revenue target of KRW 1.6 trillion by 2030. HD Hyundai XiteSolution announced on Friday, the 19th, that it held a completion ceremony for its integrated industrial vehicle plant at the Ulsan Campus, on Thursday, the 18th. The event was attended by approximately 90 key officials, including HD Hyundai Group Vice Chairman Cho Young-cheul, HD Hyundai XiteSolution CEO Song Hee-joon, as well as employees and suppliers. The newly completed production facility is a result of the "Ulsan Campus Advancement Project," which HD Hyundai XiteSolution has carried out since 2022, investing approximately KRW 93 billion into the existing Ulsan Campus industrial vehicle plant. The company successfully reorganized its production facilities to create an integrated base for manufacturing industrial vehicles and heavy machinery components. As a result, its annual production capacity for industrial vehicles grew from 20,000 units to 24,000 units. Additionally, the production scale of parts for industrial vehicles and construction equipment increased from 170,000 to 220,000 units. In addition, the company upgraded its industrial vehicle plant by integrating automated conveyor lines, large-tire assembly systems, and automated guided vehicles (AGVs) for frame supply. To further enhance automation and optimize logistics, it also constructed new material warehouses, performance testing facilities, and dedicated shipping buildings.              Driven by the facility upgrade, product turnaround times will drop by 32%, or about 9 days, while overall manufacturing productivity jumps by 20%. Song Hee-joon, CEO of HD Hyundai XiteSolution, stated, "With the Ulsan Campus Advancement Project, we have elevated our quality and production competitiveness to new heights." He also mentioned, "Leveraging our comprehensive lineup of electric forklifts and our integrated production system, we aim to achieve KRW 1.6 trillion in revenue in the industrial vehicle sector by 2030." Following the 4–9-ton medium electric forklifts launched in the second half of last year, HD Hyundai XiteSolution will sequentially launch a lineup of 10–18-ton large electric forklifts starting this July. The company plans to strengthen its market penetration in the global market, where demand for eco-friendly equipment is growing, by offering a full product lineup ranging from small to large models.

▶ Delivery of First Two Next-Gen 40-Ton Pile Drivers for Foundation Work ▶ Application of Specialized Boom/Arm Design and Safety Technology... Improving Work Efficiency and Convenience ▶ Expanding Specialized Equipment Lineup in Foundation, Demolition, and Recycling to Open New Markets   HD Construction Equipment is expanding its specialized machinery lineup to target niche construction markets like foundation work, demolition, and waste recycling.   On Friday the 12th, the company announced the launch of its new 40-ton class DEVELON pile driver, delivering the first two units to customers. A pile driver is a specialized machine that drives long, heavy poles, or piles, deep into the ground. This creates a solid foundation that safely supports a building's total weight.    HD Construction Equipment built this new model using a next-generation 40-ton excavator platform to meet the growing demand for large, high-performance machinery.   Engineered for repetitive, high-load operations, this durable machine features 70% longer excavator booms and arms to handle long steel materials and integrates a Smart Around View Monitor (SAVM) that uses dedicated software, AI cameras, and radar to detect the surrounding environment in real time.   Beyond pile drivers, the company is actively expanding into other professional equipment sectors to capture new market opportunities with a versatile lineup.    This expansion includes last year's multi-functional pile driver, which combines drilling, driving, and extracting capabilities, as well as new high-reach demolition equipment for high-rise dismantling up to 15 stories and specialized material handlers for moving scrap metal and waste.   Rapid urbanization, city redevelopment, and massive global infrastructure projects are fueling the demand for specialized machinery. According to market research firms Persistence Market Research and Market Size & Trends, significant global growth is projected between 2026 and 2033, with the global pile driver market expected to grow 4.8% annually to reach $21.2 billion (approx. KRW 32 trillion). During the same period, the demolition and material handling equipment market is forecast to expand at an annual rate of 5.8%, reaching $1.99 billion (approx. KRW 3 trillion).   "As job sites become more complex, the demand for equipment optimized for specific, professional tasks is steadily rising," said an official from HD Construction Equipment. "We will continue to develop customized machinery to pioneer these new markets."

▶ Visits HHI as first overseas destination since taking office, underscoring commitment to developing the shipbuilding and maritime industries ▶ Tamil Nadu government preparing a tailored incentive package, including site development, infrastructure construction, tax benefits and subsidies ▶ “We plan to successfully advance the project through continued dialogue and consultation between both sides” India’s newly appointed Minister for Industries of Tamil Nadu visited HD Hyundai Heavy Industries’ Ulsan shipyard as her first official overseas engagement since taking office. HD Hyundai Heavy Industries (HHI) said on Tuesday that Keerthana Sampath, the newly appointed Minister for Industries of Tamil Nadu, and her delegation recently visited the Ulsan shipyard, where they toured shipbuilding facilities and production operations and discussed potential areas of cooperation. Previously, HD Hyundai signed a memorandum of understanding with the government of Tamil Nadu in December 2025 to support the development of a new shipyard. In April 2026, the scope of the cooperation was expanded to include the Indian central government. Located in southern India, Tamil Nadu is a major manufacturing hub with a diverse industrial base spanning the automotive, electronics and heavy industry sectors, supported by well-developed port and logistics infrastructure. Following the recent inauguration of Chief Minister C. Joseph Vijay Chandrasekaran, the state government has made strengthening manufacturing competitiveness and attracting global investment key policy priorities. Notably, Minister Keerthana was elected to the Tamil Nadu Legislative Assembly in the state election held in May and subsequently became the youngest person ever appointed to the state cabinet. Her visit can be seen as reflecting the new administration’s commitment to developing the shipbuilding and maritime industries. The Tamil Nadu government is currently formulating a tailored incentive package to support the construction of a new shipyard, including shipyard site development, the development of port and related infrastructure, tax incentives and subsidies. “Minister Keerthana’s visit to Ulsan once again demonstrates the Tamil Nadu government’s strong commitment to fostering the shipbuilding industry as a key strategic sector,” an HD Hyundai official said. “We plan to successfully advance the project through continued dialogue and consultation between both sides.” Keerthana Sampath, the newly appointed Tamil Nadu Minister for Industries, and her delegation pose for a photo during a visit to HD Hyundai Heavy Industries’ Ulsan shipyard on June 8. (From left, third: Choi Han-nae, Head of Corporate Planning Division at HD Korea Shipbuilding & Offshore Engineering; fourth: Keerthana Sampath.)