[Click eStock] "Enox passes mass production test for next-generation battery material technology... Electric vehicle driving range increases"

[Asia Economy Reporter Hyungsoo Park] ResearchAlum analyzed on the 25th that expectations for the revaluation of the investment value in subsidiaries and affiliates of Inox are increasing.

Researcher Chungheon Lee of ResearchAlum explained, "In 2019, Inox diversified its business area by acquiring TRS, a raw material company for anode materials of secondary batteries," adding, "Recently, the secondary battery industry is focusing on developing next-generation battery material technologies."

He continued, "This involves improving battery performance by adding special raw materials to existing materials," and added, "Si powder using silicon is being used."

He also emphasized, "Si powder dramatically enhances the performance of existing graphite anode materials," and "It increases the driving range per charge of secondary batteries, enabling cost reduction along with performance improvement."

The researcher analyzed, "Last year, Tesla announced at Battery Day that it would use silicon anode materials in secondary batteries," and "It is judged that TRS's technological capabilities will be highlighted in the future." He added, "Last month, TRS passed mass production tests for Si powder with Japanese company P, a global secondary battery manufacturer supplying products to Tesla," emphasizing, "Starting small-scale production in March this year, they plan to supply about 15 tons in the third quarter."

The researcher also said, "On the 20th, the day of his inauguration, U.S. President Joe Biden rejoined the Paris Climate Agreement and is accelerating the 'eco-friendly policy' pledged during his campaign," adding, "Interest in electric vehicles is also rising."

He explained, "Improvement in the performance of subsidiary Alton Sports is also expected," and "Last year’s performance improved due to increased bicycle sales and inventory reduction as a reflection of COVID-19 benefits." He continued, "Alton Sports invested about 1 million dollars last year in the U.S. bio venture company 'Theraimmun,' securing new growth engines through entry into the bio business."

Furthermore, he predicted, "With increasing content demand for OTT providers such as Netflix, Disney Plus, and Coupang Play, sales of ultra-high-definition premium TVs are increasing," and "This year, subsidiary Inox Advanced Materials is expected to achieve record-high performance."