VTGMP, Edison Motors, and Others Sign Joint Business Agreement for Next-Generation Lithium-Sulfur Secondary Batteries

[Asia Economy Reporter Jang Hyowon] VT GMP, a KOSDAQ-listed company, announced on the 18th that it has signed a joint business agreement with Edison Motors, Edison Tech, and the Korea Electric Vehicle Cooperative to commercialize intellectual property rights related to lithium-sulfur secondary batteries and all-solid-state battery cathode materials acquired from the Korea Electrotechnology Research Institute.

VT GMP is strengthening its business capabilities in the eco-friendly energy sector by utilizing the core technology of its laminating division located in Paju, Gyeonggi Province. Following the hydrogen energy division, which has been conducting hydrogen fuel cell power generation projects secured in December last year, the company established a next-generation battery division by applying patented technology acquired from the Korea Electrotechnology Research Institute.

Lithium-sulfur secondary batteries are known to store higher density energy compared to conventional lithium-ion secondary batteries. The technology for which VT GMP obtained a non-exclusive license in March this year includes the “three-dimensional electrode structure for secondary batteries and its manufacturing method,” capable of densely loading sulfur and enabling next-generation flexible secondary batteries, and the “method for manufacturing sulfur-loaded carbon nanotube electrodes and the resulting sulfur-loaded carbon nanotubes included in lithium-sulfur batteries.”

VTGMP, Edison Motors, Edison Tech, and Korea Electric Vehicle Cooperative Sign Joint Business Agreement for Next-Generation Lithium-Sulfur Secondary Batteries.

This business agreement is expected to overcome existing limitations such as the restricted driving range of electric vehicles. Lithium-sulfur batteries theoretically can achieve an energy density up to seven times that of conventional lithium-ion batteries. The plan is to minimize driving range limitations and develop flexible batteries to enable battery pack designs that are not constrained by structure.

Edison Motors is the world’s first company to successfully commercialize electric buses and has secured specialized technology for designing and manufacturing electric vehicle bodies using carbon composite materials.

VT GMP also plans to accelerate the commercialization of lithium-sulfur secondary batteries and all-solid-state batteries for electric vehicles by partnering with Edison Tech, which designs and supplies battery packs to Edison Motors. Additionally, the Korea Electric Vehicle Cooperative will actively encourage recruitment among its member companies to maximize the business outcomes developed through this agreement. It will also provide a foundation for commercializing electric vehicles and electric vehicle parts, which have competitiveness in the existing lithium-ion battery sector.

A VT GMP representative stated, “By signing a joint business agreement with the best business partners, we have secured conditions to concretely develop and demonstrate lithium-sulfur secondary batteries and all-solid-state batteries. We are doing our best to ensure rapid business progress and tangible results not only in secondary batteries but also in hydrogen fuel cell power generation and parts businesses through collaboration with top partners. VT GMP aims to become a leader in the eco-friendly energy sector alongside cosmetics by advancing the history and accumulated technology of the laminating division to achieve fruitful results in eco-friendly energy business.”