Cowintech Signs 6.5 Billion KRW Contract for Secondary Battery Automation Equipment

[Asia Economy Reporter Hyunseok Yoo] Cowintech announced on the 15th that it has signed a total contract worth 6.5 billion KRW for smart automation equipment for the entire pre- and post-processes of secondary batteries, combining individual contracts with large secondary battery companies.

Cowintech has been continuously signing supply contracts with major domestic and international secondary battery companies. Through this recent order, it plans to supply smart automation equipment to regions such as Europe.

Cowintech, which succeeded in automating the entire secondary battery process for the first time in the world and possesses specialized automation technology, plans to expand its global market share based on accumulated references and technological capabilities.

Cowintech has been actively conducting sales activities targeting the US market. It is focusing on capturing the global secondary battery market, including expanding orders in the Americas. Recently, as the US government emphasized expanding domestic production and establishing cooperative systems with allied countries in four major sectors including semiconductors and batteries, it is expected that contracts will increase along with the expansion of the US market.

A Cowintech official said, “As opportunities to enter the US market increase due to the US supply chain expansion strategy, we are accelerating order expansion and actively conducting sales activities with various US battery companies,” adding, “We will strive harder to develop technology for advancing automation systems and secure orders from clients to grow into a global total solution company for secondary batteries.”

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