Electrode Foundry Company JR Energy Solution
Korea & Company announced on the 25th that it made a Series A investment worth 9 billion KRW in JR Energy Solution, a secondary battery electrode foundry company.
JR Energy Solution is a startup that produces lithium-ion battery material electrodes based on smart factory technology. This year, it built a 500 MWh scale electrode factory in Eumseong, Chungbuk. With this investment, Korea & Company acquired a 15.2% stake, becoming the third largest shareholder and a strategic investor.
Korea & Company’s ES Business Division has been exploring entry into the lithium-ion battery business as a future growth engine. After verifying the company's potential, business feasibility, and technology, it decided to invest this time. It anticipated synergy by leveraging its accumulated technology in lead-acid battery business and experience dealing with finished car manufacturers.
Korea & Company stated, "The global lithium-ion battery market is expected to grow sharply until 2030," adding, "The demand for electrode outsourcing from global battery manufacturers, startups, and equipment manufacturers is expected to increase significantly."
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