EV Advanced Materials is showing strong performance. It is interpreted that this is influenced by the news that Prologium Technology, a Taiwanese solid-state battery company in which it has invested, has decided to build a gigafactory in France within Europe.
As of 9:43 AM on the 12th, EV Advanced Materials is trading at 6,400 KRW, up 22.41% compared to the previous day.
The new solid-state battery factory to be built by Prologium is planned to be constructed near the Dunkirk port in northern France. It will be Prologium's first overseas production base, with an investment of 5.2 billion euros (approximately 7.5 trillion KRW), aiming to secure a production capacity of 60 GWh capable of supplying batteries for about 750,000 vehicles annually by 2031.
The 'solid-state battery,' known as the next-generation battery for electric vehicles, replaces the internal electrolyte with a solid and eliminates the separator, thereby ensuring safety, enabling miniaturization, and increasing energy density, making it a next-generation battery.
Through this factory in France, Prologium is expected to further develop as a global leader in solid-state batteries.
Prologium has been recognized for its technological capabilities and has received investments from SoftBank China Venture Capital, CRFM, and Mercedes-Benz. Domestically, EV Advanced Materials and POSCO Holdings have made equity investments.
EV Advanced Materials, which was the first to invest domestically, made a swift move in July 2021 by investing 8.5 million USD (approximately 10.1 billion KRW) as a strategy to secure future growth in secondary batteries.
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