Witz , a power transmission solution specialist, announced that it has been selected as a support target for the 'World Class Plus Project' hosted by the Ministry of Trade, Industry and Energy.
The 'World Class Plus Project' is a government-supported project to foster promising export mid-sized companies into global companies. It selects companies with technological prowess and growth potential in key industries such as future mobility, advanced manufacturing, new energy industries, and secondary batteries, and provides support of up to 4 billion won per project for an average of 3 to 4 years. The support includes all-round linked services such as R&D project execution, exports, finance, and law.
Witz was selected for the future mobility field for this project with the task of 'Development of an integrated power conversion device with V2X functionality for a mid-size SUV', and plans to begin full-scale research and development through an agreement with the Korea Institute for Advancement of Technology in June.
This selection is the result of an excellent evaluation of the company's technological prowess in the power transmission sector, clear vision for entering the global market, and innovative R&D planning and promotion capabilities.
A Witz official said, “With the government’s strategic support and our technological prowess, we will grow into a globally competitive company in the future mobility sector.”
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