[Asia Economy Reporter Jang Hyowon] Hansong Neotec announced on the 21st that it will expand its business area in related fields through the development of secondary battery process equipment based on its own semiconductor and display process technology.
Its subsidiary, Sinhwa IT, is conducting supply negotiations with global secondary battery customers such as Enertech International, Solid Energy System, and Enovix, focusing on lead tabs in the secondary battery material field, raising expectations for synergy between the two companies.
Hansong Neotec has supplied process equipment for secondary batteries to LG Chem and is registered as a partner of LG Energy Solution. It is also developing battery inspection devices. The company possesses its own process technology, including design and control, accumulated in various advanced industrial fields such as semiconductors and displays, enabling smooth development of upgraded secondary battery process equipment.
Recently, Hansong Neotec signed a strategic three-party MOU with its subsidiary Sinhwa IT and DA Technology, a global secondary battery assembly process specialist company, to diversify its business in the secondary battery field. Based on its own semiconductor and display process technology, Hansong Neotec plans to collaborate with DA Technology to develop various secondary battery process equipment. DA Technology is known to supply battery assembly process equipment to global automakers such as Rivian and Russian battery specialist companies.
A Hansong Neotec official said, “With the global secondary battery market boom and the listing of LG Energy Solution, worldwide investment in related fields is expected to expand.” He added, “This is expected to lead to continuous orders in the secondary battery process equipment field, and Hansong Neotec is anticipated to benefit.”
He continued, “Hansong Neotec will strengthen global partnerships not only in secondary battery materials but also in various secondary battery process equipment fields to leap forward as a global secondary battery specialist company.”
Hansong Neotec officially entered the secondary battery market last August by acquiring Sinhwa IT, a secondary battery material specialist company. Sinhwa IT specializes in producing lead tabs, a core material of secondary batteries. Lead tabs are electrode terminals that connect the cathode and anode of secondary batteries to input and output electricity externally. They are essential materials used in next-generation secondary batteries such as lithium-ion batteries, lithium-sulfur, lithium-metal, and all-solid-state batteries.
Sinhwa IT has major customers including Kokam and Rootjade, secondary battery companies, and is currently expanding high-performance lead tab production facilities in preparation for a surge in orders from global secondary battery customers such as Enertech International, Solid Energy System, Enovix, and Zhongxin Guo'an Mengguli (MGL).
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