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Native name | HD현대일렉트릭 |
|---|---|
| Company type | Public |
| KRX:267260 | |
| Industry | Renewable energy industry |
| Founded | 3 April 2017; 8 years ago (2017-04-03) |
| Headquarters | , South Korea |
| Products | Wind power turbines, power transformer |
Number of employees | 2,118 (2023) |
| Parent | HD Hyundai |
| Website | www |
HD Hyundai Electric (Korean: HD현대일렉트릭) is a South Korean manufacturer ofpower transformers and other electrical equipment. By 2017, the company had supplied a cumulative total of over 1.2 million kWA transformers to 70 countries around the world.
In 1977, the Heavy Electrical Equipment Division ofHyundai Heavy Industries was established.[1] The following year, it began producing transformers, and in November of that year, it became independent as Hyundai Heavy Electric (현대중전기). In 1993, it was merged into Hyundai Heavy Industries and took the form of the Heavy Electricity Business Division, and in 2001, its name was changed to the Electrical and Electronic Systems Business Division.[2][3] In April 2017, Hyundai Electric was launched as a result of Hyundai Heavy Industries' spin-off into Hyundai Heavy Industries,Hyundai Robotics, Hyundai Construction Equipment, and Hyundai Electric.[4]
In December 2023, it was included in theKOSPI 200 constituents.[5]
By 2017, HD Hyundai Electric had supplied a cumulative total of over 1.2 million kWA transformers to 70 countries around the world.[6] According to a 2025 report from theMaeil Business Newspaper, it ranks first and second in the ultra-high voltage transformer market share in the United States and Saudi Arabia, respectively.[7][8]
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