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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.



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사회와 고객으로부터 신뢰 받는 기업, 임직원에게는 일하고 싶은 직장이 되기 위해서 모든 임직원은 다음의 윤리경영 행동준칙을 준수한다.

우리는 에너테크인터내셔널의 일원으로 긍지와 자부심을 갖고, 직무수행 및 일상생활에 비윤리적 행위를 근절한다.

우리는 고객만족과 청렴을 최우선으로 여기며, 고객의 의견을 존중하고, 최고의 서비스를 제공한다.

우리는 협력사를 비롯한 모든 이해관계자와 동등한 관계를 유지하고, 투명하고 공정한 거래를 통해 상호 협력관계를 구축한다.

우리는 회사의 자산과 정보를 보호하고, 업무와 관련하여 개인의 이익을 도모하지 않는다.

우리는 법, 질서, 규정을 준수하고 절차를 지키며, 불합리한 관행이나 온정주의에서 벗어나 기본과 원칙에 입각한 합리적인 의사결정에 앞장선다.

우리는 임직원 개개인의 인격을 존중하고 차별대우를 하지 않으며, 합리적인 제도를 바탕으로 업적과 능력에 따라 공정하게 평가하고, 지속적인 자기계발과 학습으로 개인과 회사의 발전을 도모한다.

우리는 사회공동체의 일부분으로써 지역사회 봉사활동에 적극 참여하고, 국가와 사회 발전에 기여한다.



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