Hansong Neotec-Shinhwa IT in talks to supply US solid-state battery company with Bill Gates investment following 'Enovix'

[Asia Economy Reporter Jang Hyowon] Hansong Neotek's secondary battery material specialized subsidiary, Sinhwa IT, announced on the 28th that it is officially launching its attack on the next-generation dream battery market, the "all-solid-state battery," by negotiating the supply of secondary battery lead tab products with a U.S. all-solid-state battery company.

Taking this supply negotiation as an opportunity, Sinhwa IT plans to develop lead tabs optimized for next-generation all-solid-state batteries and apply SPEC-IN, a specification tailored to customer requirements, to final mass production.

The U.S. all-solid-state battery company with which Sinhwa IT is currently negotiating the supply of high-performance lead tabs is a leader in next-generation all-solid-state batteries invested in by the Volkswagen Group and Bill Gates. The company was listed on the New York Stock Exchange in December last year and currently has a market capitalization approaching 12 trillion KRW.

A Hansong Neotek official stated, "With this supply negotiation, our product portfolio of high-performance lead tabs, which we supply to a U.S. lithium metal battery company invested in by SK and Hyundai Kia Motors, has been further expanded," adding, "We plan to actively expand the development and supply of high-performance lead tabs for electric vehicles (EV), energy storage systems (ESS), and metaverse (AR, VR) applications to global customers."

Hansong Neotek acquired the secondary battery material specialized company Sinhwa IT last August. The secondary battery material "lead tab," which Sinhwa IT mainly produces, is an electrode terminal that connects the cathode and anode to input and output electricity externally. Lead tabs are known as essential materials commonly used in next-generation secondary batteries such as lithium-sulfur and lithium metal all-solid-state batteries.

Sinhwa IT counts domestic and international battery companies such as Kokam, Enertech, and Rootjade as its major customers. Recently, it signed a business agreement with the battery manufacturing startup Enovix, listed on the U.S. Nasdaq market, for the development and supply of next-generation silicon battery materials.