- First productions of HD Hyundai Infracore 10T bulldozers all sold out
- Domestic market dominated by non-Korean brands since Daewoo Heavy Industries stopped production in 1999
- High output and enhanced convenience compared to equals with the goal to “Target NA market”

- HD Hyundai Infracore Wins Grand Prize at 35th Korea Labor-Management Cooperation Awards

- 2022 Revenue in MEA increased by 116% from 2020
- Winning large scale orders from largest construction equipment company in Angola since opening office in Ghana
- Expecting 4% annual growth in MEA market until 2028

- In addition to the new brand ‘DEVELON’, Doosan removed from the corporate name to strengthen identity of HD Hyundai
- Hyundai Genuine, Hyundai Construction Equipment to also change names to HD Hyundai XiteSolution, HD Hyundai Construction Equipment
- CEO Young-cheul Cho, “Will become a global player in smart construction solutions with the new name”

- First international award since changing to new brand ‘DEVELON’
- 14W EREV selected as ‘innovative product’ at SaMoTer exhibition in Italy
- Evaluated to be appropriate for urban construction sites with maximized visibility and workability in narrow spaces