[INQ. NO. 1805M25] Semisysco is a semiconductor and display equipment manufacturer that was established in 2000 with three founders. It produces related equipment such as plasma diagnostic equipment, glass substrate inspection equipment, and flexible organic light emitting diode (OLED) inspection equipment. This equipment is supplied to major Korean IT companies such as Samsung Electronics, LG Display, and SK Hynix as well as exported to countries including the UK, the USA, and France.
Semisysco started its electric car business last year and established an electric car factory in Sejong City for the first time in Korea in May last year. The city has been selected for being the multifunctional administrative city accommodating the Ministry of Land, Infrastructure, and Transport (MoLIT), the Ministry of Environment (ME), and the Ministry of Trade, Industry and Energy (MOTIE). Sejong City also has the highest population inflow of all cities in the country, and is close to many areas, while being an emerging city.
Semisysco’s lineup includes D2, a two-passenger compact car, U4, a four-wheeled micro freight car, and R3, a three-wheeled vehicle. The D2 travels up to 150km, the highest mileage on a single charge among the micro compact EVs available in Korea. It is equipped with an air conditioner and heater to suit the climate of Korea and has acquired L7, the European safety certification for microcompact cars. The R3 and U4 have the same vehicle structure and dynamics as a regular automobile and have an advantage of 25 to 30% uphill gradability.
Although it is not possible to disclose specific figures for pre-orders for the D2 received last year, the number of orders and the actual purchase rate are positive. The R3 and U4 are also aiming to launch in May and June this year, respectively.
Semisysco focuses on micro-compact models. The reason is that the micro car is a suitable model for the Korean environment and can also avoid competition with other big auto manufacturers. The advantages of a micro car include smallness in size, affordability, and free from the shortage of EV-charging infrastructure.
Since releasing the D2 in February, Semisysco started to yield profits in the electric car business. Currently, the model is manufactured by Zhi Dou (ZD), an electric car manufacturer in China. However, Semisysco plans to shift it to “Made in Korea” in the near future. The company has had this vision since it entered the electric car business. Semisysco expects its break-even point at about 200 units per year as of now.
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