▶ Captures demand for replacing aging diesel equipment; secures order for 230 electric forklifts ▶ Utilizes high-performance batteries and monitoring systems, implementing a customer-tailored strategy ▶ Strengthens dealer network and service system to effectively target the Latin American market HD Hyundai XiteSolution has secured a large-scale order for electric forklifts in the growing Latin American market.  The company announced on Monday, the 17th, that it has received an order for 230 electric forklifts from Empresas Polar, Venezuela's largest food company. The order includes a total of 230 units—178 2-ton class electric forklifts and 52 electric forklifts in the 3-ton and 4.5-ton classes—which will be supplied to the local site by January 2026. Additionally, the company plans to participate in upcoming bids from the Empresas Polar. Valued at over 10 billion won, this contract represents the largest electric forklift supply agreement that HD Hyundai XiteSolution has ever secured in Latin America.  This achievement is due to the company's early recognition of the growing demand for electrification in the region. They secured the order by proposing customized products to suit the specific work environment, strategically timing the replacement of the customer's outdated diesel forklifts, and leveraging their local service support. HD Hyundai XiteSolution has equipped all forklifts with high-performance lithium-ion batteries designed to meet customer needs, offering approximately 2.5 times the lifespan and a charging speed 3 times faster than conventional lead-acid batteries. The company also incorporates the Hi-Mate smart equipment management system, which enables real-time online monitoring of operational status, battery levels, and maintenance history. Sales of HD Hyundai XiteSolution's material handling equipment in Latin America are showing steady growth, with this year's sales reaching around 1,200 units—more than double the 570 units sold in 2020.  An official from HD Hyundai XiteSolution stated, “We are diversifying our global portfolio by expanding our North America-centric sales structure into emerging markets. We will proactively respond to the demand for electrification in key emerging market countries by strengthening our sales, service, and training systems based on our local dealer network.” 

▶  Sales surged to 1,300 units, reflecting an impressive 470% growth compared to last year, fueled by the growing demand for gold mining equipment. ▶ Develon's strategy for emerging markets is showing positive results, having successfully created a new strategic market in Africa. ▶ Improving localized sales and service operations, which includes the opening of a new branch in Ghana. On the 6th, HD Hyundai Infracore's DEVELON announced significant growth in Ethiopia, with sales reaching 1,300 units this year—an impressive 470% increase compared to last year. The increase in sales can be largely attributed to DEVELON's effective strategies targeting emerging markets in Africa, as well as rising demand for gold mining equipment driven by the expansion of local gold mining projects in Ethiopia. The leading model driving this success is DEVELON’s 36-ton excavator, DX360, which accounts for 90% of the equipment sold in Ethiopia, with more than 1,100 units sold this year alone.  Ethiopia has numerous small- to medium-sized gold mines, where equipment frequently shifts between work sites depending on the production stage. These sites often require machinery to operate for extended hours. The DX360 is an ideal choice for these demanding conditions thanks to its structural rigidity, fuel efficiency, and excellent maneuverability. In a September announcement, the Ethiopian government reported a remarkable 162% year-on-year growth in the mining sector for the 2024/2025 fiscal year, with gold exports reaching a record high of $3.4 billion. To strengthen its presence in this thriving market, HD Hyundai Infracore has developed localized sales and service operations. The "Develon Care" program includes regular inspections of customer equipment and builds brand trust by providing technical training and support for dealers, as well as assistance with local exhibitions and promotions. Going forward, the company aims to develop equipment supply and service programs tailored to the needs of mining and civil engineering sites in each country. Additionally, HD Hyundai Infracore is expanding its footprint in key West African markets by opening a branch office in Accra, Ghana, in 2023. This move aims to establish a distribution network and improve customer service in the region. An official from HD Hyundai Infracore stated, “Our success in Ethiopia shows that our strategy of expanding into emerging markets, instead of relying solely on China and advanced markets, has produced tangible results.” The official also mentioned the company's plans to explore additional strategic markets in Australia and Southeast Asia.

▶ Combining digital and automation technologies to build smart shipyards and strengthen shipbuilding capabilities ▶ Advancing workforce development through hands-on training and specialized engineering programs ▶ “Collaboration between shipbuilding and IT companies will be a catalyst for digital innovation in the U.S. shipbuilding industry” HD Hyundai is partnering with Germany’s Siemens to accelerate the digital transformation and modernization of the U.S. shipbuilding industry. HD Hyundai announced on Sunday, Nov. 2, that it recently signed a Memorandum of Understanding (MOU) with Siemens to drive the revitalization and modernization of the commercial shipbuilding industry in the United States of America. Through this partnership, the two companies aim to enhance the overall competitiveness of the U.S shipbuilding industry by improving design quality, minimizing production risks, enhancing quality, and reducing costs. By combining HD Hyundai’s shipbuilding expertise with Siemens’ digital twins and business platform technologies, the collaboration seeks to accelerate the digitalization of production processes and maximize operational efficiency. The partnership will drive gradual technological innovation across the shipbuilding sector by advancing the digitalization of ship design, automating block assembly and installation processes, and optimizing production, quality, and process management through data-driven solutions. In addition to technology cooperation, the two companies will jointly develop professional training programs to cultivate skilled experts in shipbuilding. HD Hyundai plans to dispatch instructors to more than thirty Siemens training facilities across the United States to deliver field-oriented, hands-on education. Building on its existing academic partnerships with leading universities such as the University of Michigan (UM) and Massachusetts Institute of Technology (MIT), HD Hyundai also plans to develop specialized curricula in engineering, digital design, and process automation. The parties also agreed to explore various opportunities for business cooperation and partnership expansion. Since 2023, HD Hyundai has been jointly developing a manufacturing innovation platform with Siemens, a provider of industrial software, that integrates data from design to production within a single digital ecosystem. The platform enables virtual simulation of design and production processes, reducing trial and error while deriving optimized outcome. The partnership is expected to accelerate the smart transformation of U.S. shipyards, enhancing shipbuilding competitiveness through improved quality, cost reduction, and minimized production risks. “Maximizing production efficiency through digital and automation technologies is key to the reconstruction of the U.S. shipbuilding industry,” said Moon Sangmin, Head of Global Strategy at HD Hyundai. “HD Hyundai’s accumulated shipbuilding technology and Siemens’ digital capabilities will contribute to creating new opportunities for the U.S. shipbuilding industry.” Meanwhile, HD Hyundai has been strengthening its cooperation network in the United States to advance the Make American Shipbuilding Great Again (MASGA) initiative — a symbol of Korea–U.S. shipbuilding collaboration. The company has established strategic partnerships with major U.S. players, including Huntington Ingalls Industries (HII) in the naval sector and Edison Chouest Offshore (ECO) in the commercial ship segment. HD Hyundai is also jointly promoting workforce development programs with leading universities such as Seoul National University, UM, and MIT.