EVSIS, the electric vehicle (EV) charging system manufacturer owned by South Korea’s Lotte Data Communications, said it had completed a new plant near Cheongju.

EVSIS spent KRW20bn (US$15m) on the new smart factory in a five storey building with 16,500 sq m of space.

The facility doubles existing production capacity to around 20,000 charging systems per year once fully operational.

The company claimed productivity would increase with the new plant, helped by the introduction of additional automated systems including in line conveyor belts and autonomous mobile robots (AMRs) used for transporting materials.

Delivery times would be shortened and worker productivity boosted.

EVSIS said it had produced and installed 4,000 chargers by the end of last year and aimed to increase output to 7,500 units by the end of 2024.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company also said it was targeting higher sales in North America and south east Asia and would also enter Japan this year.