"This new location allows us to better serve our local customers," said Kevin Kim, president of Hanjung America.

Kim also noted the potential for the new site to contribute to regional development in the area. 

Local officials said the project represents a significant investment in advanced manufacturing and grid-supporting technologies. Mayor Richard Strick said the facility will create high-paying manufacturing jobs while strengthening energy storage safety and performance.

Hanjung plans to break ground in April 2026, with operations targeted to begin in June 2027. The site could eventually include multiple manufacturing buildings.

The facility is expected to employ more than 300 workers at startup and more than 440 at full capacity.

The Indiana Economic Development Corp. has committed up to $4.5 million in incentive-based tax credits, up to $400,000 in Hoosier Business Investment tax credits and up to $200,000 in training grants, contingent on the company meeting job creation and investment targets. Local officials also approved a 10-year property tax phase-in to support the project.

Hanjung America is a division of South Korea-based Hanjung NCS, a manufacturer of energy storage and automotive components serving utilities, data centers and large power users. The company operates an automotive division in Michigan.