# Hanon Systems

Hanon Systems is an other based in Daejeon, South Korea.

## Overview

- **Organization type:** other
- **Headquarters:** Daejeon, South Korea
- **Region:** Asia
- **Address:** Daejeon, South Korea
- **Assets under management:** Undisclosed
- **Website:** www.hanonsystems.com
- **LinkedIn:** https://www.linkedin.com/company/hanonsystems

## Regulatory record

- **Reports private funds:** No

## About

Hanon Systems is a thermal management company operating from Daejeon and Seongnam, South Korea, whose products serve electric, hybrid, plug-in hybrid, and fuel cell vehicles. The firm describes itself as a leader in natural refrigerant technologies, using R744 (CO2) and R290 (propane). The company supplies hardware and software-defined thermal control modules, including heat pump systems, integrated cooling entities, and controller solutions. Its target markets are automotive original equipment manufacturers globally, though specific client names are not disclosed on the public website. The firm operates manufacturing sites and regional innovation centers across multiple continents. In May 2026, Hanon Systems reported first-quarter 2026 financial results and announced it had supplied a highly integrated cooling entity for electric vehicles. The firm also celebrated its 40th anniversary in 2026. The company states a goal to be carbon neutral by 2040 and net-zero by 2050. Hanon Systems is a publicly traded corporation, not a family office or asset manager. Its structural differentiator is a deep engineering focus on thermal systems for next-generation automotive platforms, coupled with a commitment to natural refrigerants and software integration.

## Sectors

- Mobility & Transportation
- Energy Transition & Renewables
- Industrial Tech

## Offices

- Seongnam

## Questions

### What does Hanon Systems actually make?

Hanon Systems produces thermal management systems for vehicles, including heat pump modules, integrated cooling entities, and software-defined climate control solutions. The company supplies components for electric, hybrid, plug-in hybrid, and fuel cell vehicles.

### What is Hanon Systems' stance on refrigerants?

The company is a leader in natural refrigerant technologies, using R744 (CO2) and R290 (propane) in its products. This positions it to meet tightening global environmental standards.

### Does Hanon Systems have a sustainability goal?

Yes. The firm has publicly declared a goal to be carbon neutral by 2040 and net-zero by 2050.

### Where does Hanon Systems operate?

Headquartered in Daejeon, South Korea, with an additional office in Seongnam. The company has global manufacturing sites and regional innovation centers, although specific locations are not listed on the public website.

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Last updated: 2026-06-03T20:00:00.000Z

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