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Enertech and Ewha Electric signed an agreement for a joint factory
Enertech International CEO Oh Deok-geun (left) and Ewha Electric Vice President Shim Bo-geun took a commemorative photo after signing a business agreement to establish a battery pack joint factory. [Source: Enertech]<Enertech International CEO Oh Deok-geun (left) and Ewha Electric Vice President Shim Bo-geon took a commemorative photo after signing a business agreement to establish a battery pack joint factory. [Source: Enertech]>Enertech International and Ewha Electric are producing batteries for uninterruptible power supply (UPS). In order to target the Middle East nuclear power plant market, a domestic battery maker and a power equipment maker have joined hands. It is expected to target the domestic and foreign nuclear power plant market.Enertech and Ewha Electric announced on the 6th that they had exchanged a memorandum of understanding (MOU) for the establishment of a battery pack joint venture in the presence of Enertech CEO Oh Deok-geun and Ewha Electric Vice President Shim Jeong-jeong.The two companies decided to build a UPS battery pack factory in Gyeonggi-do with the goal of establishing a joint venture (JV) within this year. Specific UPS production capacity and customer companies have been decided through discussion later. A UPS is a type of medium-to-large energy storage system (ESS), which is an emergency power supply device that stores power and takes it out when needed.Enertech entered into battery manufacturing in 2001 and has been recognized by domestic and foreign companies for its solid technology and production facilities. It supplies batteries for electric vehicles to US and Russian companies. In particular, the largest shareholder is the world's largest Russian nuclear power plant company, pursuing ESS and electric vehicle battery businesses.Ewha Electric is promoting various overseas projects as the demand for domestic UPS products is increasing. In a situation where they are looking for a stable battery supplier, they are targeting the UPS market in cooperation with Enertech.An official from the two companies said, "With a battery joint venture between specialized domestic manufacturers, we will seek new opportunities not only in the domestic market but also in overseas markets such as Russia and the Middle East."[www.etnews.com/20210606000030]admin
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Enertech challenges to commercialize LFP batteries for electric vehicles
Domestic battery specialists have joined forces to develop lithium iron phosphate (LFP) batteries for electric vehicles, drawing attention. LFP is evaluated as a battery with good safety and low price. However, in the meantime, there are few places that manufacture it in Korea, and it has only been used for special purposes. However, interest in LFP batteries has increased as battery cost reduction has become a hot topic in the electric vehicle era.According to the industry on the 24th, Energy Materials and Enertech International started to develop LFP batteries with the goal of mounting electric vehicle batteries. Energy Materials is in charge of the LFP cathode material, and Enertech International plans to make a finished battery for electric vehicles based on the cathode material.LFP was mainly driven by Chinese battery makers. However, LFP batteries have recently been attracting attention again. In order to advance the era of electric vehicles, the price of batteries must also be lowered, and LFP is emerging as a suitable battery for the popularization of electric vehicles.In addition, in the case of LFMP batteries with manganese added to LFP, it is known that the battery performance can be strengthened while maintaining safety at a low price, so the growth potential of the LFP battery market is increasing.Energy Materials and Enertech International are currently in the development stage, so it remains to be seen whether the final commercialization will be made, but expectations are high on the outcome as it is a collaboration between the only LFP cathode material company in Korea and a professional company with a history of supplying batteries to electric vehicles and electric buses. there is.An Energy Materials official said, "We are promoting the development of cathode materials that compensate for product performance problems while maintaining the low price and safety of LFP batteries.[www.etnews.com/20210524000100]admin
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Enertech builds cylindrical battery plant in Russia
Enertech International will establish a cylindrical battery production base in Russia. It plans to build a 10GWh battery production facility by 2030 after commercial operation in 2025. This is the first time for a Korean company to set up a battery factory in Russia. This is a stepping stone to preemptively respond to the local cylindrical battery market, where demand for batteries for electric vehicles and energy storage systems (ESS) is rapidly increasing.Enertech announced on the 27th that it plans to establish a Russian subsidiary 'Enertech Russia' (tentative name) in the first half of this year. It is part of the local battery plant construction plan. The plan is to accelerate the battery business for electric vehicles along with securing the first overseas production base. The Russian plant will start construction at the end of this year and start commercial operation in 2025. The annual production capacity is 2GWh. After that, it plans to secure a battery production capacity of 10GWh per year by 2030 through additional investment. 10GWh can produce batteries for 160,000 electric vehicles (based on 60kW capacity).The Russian plant is equipped with a cylindrical battery production facility. Cylindrical batteries have been mainly used for non-electric vehicles. However, after the cylindrical battery with a diameter of 21 mm and a height of 70 mm was installed in the Tesla Model 3, the demand for electric vehicles is rapidly increasing. For cylindrical batteries, 18650 (diameter 18mm, height 5mm) and 21700 (diameter 21mm, height 70mm) batteries have their own specifications and have the highest productivity among electric vehicle batteries. An industry official said, "As the application of electric vehicles is rapidly expanding, such as LG Energy Solution and Samsung SDI supplying 21700 cylindrical batteries to Tesla and Rivian, the demand for cylindrical batteries is also rapidly increasing."Enertech has mainly produced pouch-type batteries. In the second half of this year, NCM811 (80% nickel, 10% cobalt, 10% manganese) battery will be commercialized for the first time and will be supplied to delivery van models in the United States. Currently, only LG Energy Solutions, Samsung SDI, and SK Innovation can manufacture NCM811 batteries.In particular, it is noteworthy that Enertech is the only Korean battery maker entering the Russian market. It is expected to help secure the demand for batteries for electric vehicles in Russia and help 'K-battery' enter the Russian market. Rosatom, which acquired Enertech, is a Russian state-owned nuclear power plant company and plans to convert 40% of its total sales to eco-friendly businesses such as ESS. An Enertech official said, "We will use the long-standing manufacturing technology of the NCM811 pouch battery as a stepping stone to target the cylindrical battery market."[www.etnews.com/20210427000218]admin
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Russian state-owned company acquires ETI
Russian state-owned nuclear power plant company Rosatom will acquire Enertech International, a Korean battery company. Although the amount of the acquisition was not disclosed, it is an M&A case of a Korean battery company that was made to foster Russia's high-tech manufacturing industry. Korea's high-nickel battery manufacturing technology has emerged as a global M&A target.According to the industry on the 9th, it was found that Russian state-owned energy company Rosatom recently acquired a 50% stake in Enertech International (hereafter Enertech) from TVG, an American investment company.TVG is an investment affiliate of Energy One, an American energy company. Enertech was a predecessor to Saehan Media, a subsidiary of Samsung, and was acquired by Enerone in 2010 amid a liquidity crisis.Although the total amount of the acquisition was not disclosed, Rosatom will hold 50% of each of US TVG and Enertech shares.Enertech is a professional manufacturer of lithium-ion batteries. Based on an electric vehicle battery production plant with an annual capacity of 240 megawatt hours (MWh) in Chungju, North Chungcheong Province, it is supplying pouch battery products to Russian electric vehicles and electric buses.Rosatom utilizes Korea's battery technology to foster its own high-tech manufacturing industry. Enertech started the battery business in 2001 and installed nickel, cobalt, manganese (NCM) batteries, which are adopted by global automakers, in electric buses for the first time. The Enertech battery is a battery for electric vehicles made up of 60% nickel, 20% cobalt, and 20% manganese, which are the mainstay of the global market.Rosatom directly directs projects to foster high-tech industries at the national level, such as electric vehicles and renewable energy, as well as nuclear power. In particular, it plans to supply batteries produced by Enertech to Russian automaker Aurs.Aurs plans to replace internal combustion engine-based government vehicles with eco-friendly electric vehicles. In 2016, the Enertech NCM622 battery was installed in an electric vehicle used by high-ranking officials of the Russian government. In particular, Enertech batteries are expected to be installed in the official vehicle dedicated to Russian President Vladimir Putin.Enertech's electric vehicle battery.<Enertech's electric vehicle battery.>Rosatom plans to commercialize Enertech's NCM811 (80% nickel, 10% cobalt, 10% manganese) battery next year, starting with Putin's dedicated vehicle installation next year.In particular, Rosatom plans to invest 200 billion won in Russia to build a battery factory and target the global electric vehicle market. With the goal of commercial production next year, construction is expected to begin within this year. The production capacity is 2GWh (giga watt-hour), and it is known that it will be expanded in the future.IHS Markit, a market research firm, predicted that the electric vehicle battery market will reach 64 trillion won this year. It is expected to grow every year. Rosatom is expected to respond to Chinese and Japanese battery competitors by utilizing Korea's high-nickel battery technology.[www.etnews.com/20210309000209]admin
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Enertech appoints Duke Oh as new CEO next month
Enertech International, which was acquired by Russian state-owned nuclear power plant company Rosatom, has replaced its CEO. It is noteworthy whether Enertech, which has been appointed as a Korean leader after over 6 years of foreign representative system, will succeed in commercializing high-nickel batteries and targeting the global electric vehicle battery market.According to the industry on the 29th, it was understood that Enertech International (hereafter Enertech) plans to appoint Vice President Oh Deok-geun as the new CEO on the 1st of next month. As Enertech was acquired by Russian state-owned company Rosatom, it was necessary to reorganize the management and the organization.This replacement of the CEO is interpreted as a will to achieve results by renewing the internal atmosphere as the major shareholder changes to Rosatom and materializing the battery business strategy.Through the acquisition of Enertech, Rosatom will go beyond a traditional nuclear power plant and improve its constitution as a state-of-the-art electric vehicle battery manufacturer.As for Enertech, it is the first time in six years that a Korean representative has been replaced. In February 2015, Chairman Yoon Tae-hee resigned as the last Korean CEO of Enertech due to his old age. Since then, the foreign representative director system has been maintained.Enertech's predecessor was Saehan Media, a subsidiary of the Samsung family's Saehan Group. After experiencing a liquidity crisis in 2010, it was acquired by US energy company Energy One. Then, Rosatom recently acquired a 50% stake from TVG, an investment affiliate of Energy One, and appointed CEO Oh as the new head of the company. Industry interpretation is that a person who knows the battery business well was needed to target the global electric vehicle market as well as the domestic business.CEO Oh was recruited as the vice president of Enertech in January after working with LG Electronics, SK Innovation, and Henkel of Germany. He was in charge of business development at SK Innovation's battery business headquarters. In 2013, he was also responsible for the North American marketing department of SK Continental Emotion, a battery joint venture established with German auto parts company Continental AG. Prior to Enertech, he served as Managing Director, Asia Business Development, German Auto Parts Division.Enertech is expected to change the battery business under the new CEO system. Enertech is supplying pouch batteries to Russian electric vehicles and electric buses based on an electric vehicle battery manufacturing plant in Chungju, North Chungcheong Province.In particular, it plans to supply NCM811 (80% nickel, 10% cobalt, 10% manganese) batteries to Arus, a Russian automaker next year. Enertech plans to commercialize the NCM811 battery by installing the battery in the official vehicle for Russian President Vladimir Putin.Rosatom also established a 2GWh (gigawatt hour) battery plant in Russia to target the global electric vehicle market.An Enertech official said, "As a Korean representative and has been in charge of the battery business for a long time, it is expected to play a big role in strengthening the battery business."[www.etnews.com/20210329000138]admin
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New Enertech battery of NCM 811
1. Gen4 EV Specification 1) Gen 4 EV cell increased the capacity by 17% (5Ah) from the existing Gen 3 EV cell by applying Nickel-rich(NCM811) cathode active material. - Gen3 EV : 25Ah - Gen4 EV : 30Ah 2) Operation at Low Temp and high output characteristics are equivalent to Gen 3 EV cell. 2. Gen4 EV development plan 1) Gen4 EV cell development is to be completed and will be ready for PO from Q2 in 2021admin
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Enertech battery on Incheon Monorail
Korea's longest urban tourist monorail has started running again.The Monorail with 14.4 Km/h of speed was built with the cells & sub-packs supplied by Enertech International, Inc. based on pure domestic technology and praised for its outstanding safety features. The battery, capacity range from 6 Kwh to 27 Kwh, has been selected as a suitable solution for the monorail business that was likely to be discontinued due to safety issues before.The solution of Monorail in Incheon proved its quality of the battery and Enertech will be playing a key role starting from Incheon city to nationwide as the business grows.admin
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Interbattery 2019
InterBattery 2019, the only battery exhibition in Korea, was held for three days at COEX in Seoul from October 16th to 18th.'InterBattery 2019' is attracting attention as one of the world's top three battery industry exhibitions along with Battery Japan and CIBF (China International Battery Fair).Enertech participated in the exhibition and introduced good quality products to everyone from Enertech own electrodes to pack systems.admin
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Thin NCM (Nickel-Rich) cathode electrodes for a high-energy density
Sion Power Corporation: Enertech and Sion Power entered into a supply agreement for the thin NCM(Nickel-Rich) cathode electrodes for a high-energy density Lithium Metal Cell (500Wh/kg, 1,000Wh/L) for UAV (Unmanned Vehicle System) and high altitude pseudo-satellite.Sion Power is a leading developer of lithium battery technology and announced that the ground breaking of a new battery test facility will be built by April 2019 and the new facility will encompass over 5,300 square feet and will include more than 3,000 cell test channels at Tucson, AZ on April, 2019.admin
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Business opportunities for supplying dry cells with ETI
Tomiyama (TOMYPURE) : Tomiyama Japan and Enertech has entered into a supply agreement for the very thin NCM811-GR dry cell(100mAh) for the testing of electrolyte for rechargeable battery cell.Tomiyama has been a global developer in next-generation chemical technology for more than 70 years and Enertech anticipates new future business opportunities for supplying dry cells produced with various formulations of electrodes.admin