HD Hyundai Electric is expanding its collaboration with LG CNS in the areas of data center power infrastructure and smart manufacturing.
On October 15, HD Hyundai Electric announced that it signed a memorandum of understanding (MOU) with LG CNS at the HD Hyundai Global R&D Center in Seongnam, Gyeonggi Province. Key officials from both companies, including Kim Young-ki, CEO of HD Hyundai Electric, and Hyun Shin-kyun, CEO of LG CNS, attended the signing ceremony.
The agreement aims to combine HD Hyundai Electric's power equipment and distribution system technology with LG CNS's expertise in data center design, construction, operation, and digital technology to explore new business opportunities.
The two companies plan to establish a system to supply power and distribution equipment needed for AI data centers in packaged form and will jointly propose business initiatives and marketing strategies in the domestic and international power infrastructure markets. They will also explore ways to enhance power operation efficiency in data centers by integrating LG CNS's AI, cloud, and data technologies with HD Hyundai Electric's power monitoring platform.
In the smart manufacturing sector, HD Hyundai Electric will link its manufacturing site data with LG CNS's manufacturing AI and automation technologies. The two companies will conduct technical exchanges and demonstrations to increase the automation rate of production and logistics at the Cheongju distribution campus and establish an integrated monitoring system for equipment.
They also plan to expand the smart manufacturing model developed through this collaboration to overseas production bases, including the United States, and work on standardizing the operational systems of global production facilities.
Kim Young-ki, CEO of HD Hyundai Electric, stated, "This agreement will create new business opportunities by combining power infrastructure and digital technology. Through our collaboration with LG CNS, we aim to enhance the operational efficiency of data center power infrastructure and expand our business cooperation to secure future growth drivers."
Hyun Shin-kyun, CEO of LG CNS, remarked, "We will support the digital transformation of manufacturing sites based on AI, cloud, and data technologies, and broaden the scope of cooperation between our companies to create business opportunities in the global market."
Meanwhile, HD Hyundai Electric has invested approximately 116.1 billion won to establish a distribution campus in Cheongju, which has been operational since November of last year. This facility, which produces medium and low-voltage circuit breakers, has increased its annual production capacity from 5 million to 8.5 million units, a 70% increase compared to the previous Ansung plant. The automation rate of the low-voltage equipment production line is around 95%, and the company is also working on improving production efficiency using artificial intelligence (AI).
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.