Dongwha Electrolyte has determined the size of investments for its new electrolyte manufacturing plant in the U.S., as well as the factory s production capacity, the affiliate of Dongwha Enterprise, said Monday. The company will invest over $70 million to build the new manufacturing plant on a 162,000-square-meter site in Clarksville, Tennessee.
Enchem to Build Its Second European Electrolyte Production Plant in Hungary
A South Korean battery materials manufacturer Enchem plans to build its second electrolyte production plant in Hungary and build recycling production facility as well. Also, other South Korean battery materials manufacturers such as Dongwha Electrolyte and EcoPro BM are strengthening their cooperation models with local companies in Europe. South Korean battery manufacturers are actively targeting local markets in Europe in order to meet the European Union’s plan to promote the battery industry in Europe.
According to the industry on Thursday, Enchem is currently preparing to build an electrolyte production plant in Komarom, Hungary. It is reported that the plant’s annual production capacity is expected to be 20,000 tons which is same as the company’s first European plant in Poland that supplies electrolytes to LG Energy Solution.
Posted : 2021-05-04 15:18
By Baek Byung-yeul
With LG Energy Solution and SK Innovation ending their dispute over battery technology for electric vehicles (EVs) last month, domestic makers of components, parts and materials in the industry have come under the spotlight with the expectation that large-scale orders will resume in the United States and Europe, analysts said Tuesday.
The intellectual property battle between the two Korean battery giants created negative sentiment on related companies here, but now that they have settled the dispute, they are expected to see increased orders, the analysts added.
They also said carmakers efforts to develop their own in-house battery-making technologies to reduce their dependency on standalone makers has also made investors attach more value to these local firms in the EV business ecosystem.