Additional Expansion Work on Electrode Products Underway... Targeting Completion in September
"The First Year to Leap as a Secondary Battery Specialist"
ENPLUS has started supplying mass-produced electrodes developed in-house.
ENPLUS announced on the 14th that it recently obtained quality approval for the initial mass-produced electrode products from the secondary battery specialized venture company ‘Greenergy’ and has begun the first delivery.
ENPLUS signed a supply contract worth 20 billion KRW with Greenergy in May last year and provided test samples for mass production approval in January this year. The evaluation lasted about three months until last month. ENPLUS recently received results showing that the mass-produced electrodes it produced in-house demonstrated superior performance compared to other companies.
According to the test results, secondary batteries using ENPLUS’s electrodes showed a charging efficiency of 99.8% at 1C (1-hour charge) during charge-discharge tests. Even at 5C, it recorded 94.5%, maintaining excellent rate capability. In contrast, competing products recorded a 95.3% charging rate at 1C and sharply dropped to 87.5% at 5C.
An ENPLUS official said, "Following the start of supply of heat dissipation materials last month, we have also been recognized for the excellent performance of our electrode products and have begun deliveries. Since continuous supply of both products is expected, this year will mark the first year of full-scale revenue recognition related to secondary batteries and a leap forward as a specialized secondary battery company."
He added, "Currently, we are carrying out additional expansion work to ensure smooth product supply to domestic and international customers regarding electrode products. The press equipment for high-capacity electrode supply for high binder content has been delivered, and the expansion will be completed by September."
Greenergy is a secondary battery specialized venture company researching and producing LTO batteries that replace graphite, traditionally used as anode material in secondary batteries, with LTO (Lithium Titanate Oxide). For product diversification of LTO batteries and securing stable core materials, Greenergy is closely cooperating with ENPLUS.
Greenergy signed a Memorandum of Understanding (MOU) with Yeoju City to establish an LTO battery manufacturing facility and create a value chain. According to the MOU, Greenergy will invest 100 billion KRW by next year to build a next-generation secondary battery manufacturing facility in Jeomdong-myeon, Yeoju, and Gyeonggi Province and Yeoju City plan to create a K-Battery cluster in the eastern Gyeonggi region.
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