Sebang Lithium Battery Co., Ltd. to Build Electric Vehicle Battery Pack Factory in Gwangju

Establishment of Electric Vehicle Battery Pack Factory in Pyeongdong 2nd Industrial Complex... Creating 250 Jobs

Completion Scheduled for June, Annual Production of 420,000 Battery Modules... Developing Export Hub

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Sebang Lithium Battery Co., Ltd., a company specializing in the manufacturing of electric vehicle battery packs, is investing 115 billion KRW to build an electric vehicle battery pack factory in Gwangju.

Gwangju Metropolitan City announced on the afternoon of the 6th that it signed an investment agreement with Sebang Lithium Battery Co., Ltd., located in Anyang, Gyeonggi Province, at the city hall business room.

Sebang Lithium Battery Co., Ltd., which signed the agreement this time, will invest 115 billion KRW to construct an electric vehicle battery pack manufacturing plant with a total floor area of 33,000㎡ on a 29,000㎡ site in the Pyeongdong 2nd Industrial Complex, to be completed by June. The factory will produce 420,000 battery modules annually. Additionally, the new factory will create 250 jobs.

Sebang Lithium Battery Co., Ltd. is a company with new technologies in the fields of auxiliary batteries for automotive built-in cameras and electric vehicle lithium-ion battery module manufacturing. The newly established Gwangju factory is planned to serve as a foothold for exports to overseas markets.

In particular, the newly constructed factory will be equipped with state-of-the-art automated facilities that safely and efficiently control the process of modularizing and packing cells of eco-friendly electric vehicle batteries, operating as an environmentally friendly assembly plant with no emission of pollutants.

Accordingly, Gwangju City will actively provide administrative services necessary for the construction and operation of Sebang Lithium Battery Co., Ltd.'s factory and offer investment incentives such as tax reductions and subsidies in accordance with relevant laws and ordinances.

Sebang Lithium Battery Co., Ltd. will hire outstanding local talent when recruiting new personnel and will continuously expand its workforce with excellent personnel in the mid to long term.

Furthermore, Gwangju City is actively fostering the eco-friendly automobile industry as a future growth engine and is currently constructing the nation's only eco-friendly automobile parts national certification center. It is expected that combining Sebang Lithium Battery’s advanced innovative technologies with this will secure global competitiveness.

Cha Ju-ho, CEO of Sebang Lithium Battery Co., Ltd., said, “The industrial infrastructure and full support from Gwangju City were the reasons for deciding to invest,” adding, “Our electric vehicle battery pack factory will be an eco-friendly plant with no pollutant emissions, and we will contribute to regional development such as job creation in cooperation with local companies.”

Lee Yong-seop, Mayor of Gwangju Metropolitan City, said, “Sebang Lithium Battery Co., Ltd.'s investment in Gwangju during the crisis caused by COVID-19 is expected to be a valuable driving force for regional development,” and added, “We will do our best to actively support Sebang Lithium Battery Co., Ltd. so that it can grow and develop into a solid company with global competitiveness here in Gwangju.”

This content was produced with the assistance of AI translation services.