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HD Hyundai Electric Targets $4.22B Orders Amid AI Growth
7 Jan
Summary
- HD Hyundai Electric aims for $4.22 billion in orders by 2026.
- AI data centers are driving increased demand for electric equipment.
- A recent deal secures high-voltage transformers for a U.S. utility.
HD Hyundai Electric is strategically positioning itself for substantial growth, aiming to secure $4.22 billion in orders by 2026. This ambitious target reflects an anticipated 10.5 percent increase from previous goals and is largely propelled by the rapid expansion of artificial intelligence and its demand for robust data center infrastructure.
The company anticipates increased global demand for electric equipment, citing significant investments in electrification across various sectors. This includes electric vehicles, ships, renewable energy projects, and critical data center development, all of which rely on advanced electrical components.
In line with its growth objectives, HD Hyundai Electric plans to enhance its production capabilities through facility expansions in South Korea and the United States. Furthermore, the company intends to broaden its business portfolio and explore new export markets to capitalize on these emerging opportunities.
