[Featured Stock] Hansong Neotek Targets Secondary Batteries with Dream Battery in Metaverse... US Avengers

[Asia Economy Reporter Hyungsoo Park] Hansong Neotek is showing strong performance. The growth expectations for its subsidiary specializing in secondary battery materials, Shinhwa IT, appear to be influencing the stock price. Following its ‘secondary battery components for metaverse AR (augmented reality) devices,’ Shinhwa IT is also actively targeting the next-generation dream battery market, the ‘all-solid-state battery.’

As of 10:31 AM on the 28th, Hansong Neotek is trading at 2,180 KRW, up 19.13% from the previous day.

Hansong Neotek announced that Shinhwa IT is negotiating the supply of secondary battery lead tab products with a US all-solid-state battery company.

Leveraging this supply negotiation, Shinhwa IT plans to develop lead tabs optimized for next-generation all-solid-state batteries and apply SPEC-IN tailored to customer requirements for final mass production. The US all-solid-state battery company with which Shinhwa IT is negotiating the supply of high-performance lead tabs is a leading next-generation all-solid-state battery firm invested in by the Volkswagen Group and Bill Gates. This company was listed on the New York Stock Exchange in December last year and currently has a market capitalization approaching 12 trillion KRW.

A Hansong Neotek representative stated, "We are further expanding our product portfolio of high-performance lead tabs supplied to a US lithium metal battery company invested in by SK and Hyundai Kia Motors." He added, "Going forward, we plan to actively expand the development and supply of high-performance lead tabs for electric vehicles (EV), energy storage systems (ESS), and metaverse (AR, VR) applications targeting global customers."

Hansong Neotek acquired Shinhwa IT, a company specializing in secondary battery materials, in August. The secondary battery material lead tabs, which Shinhwa IT primarily produces, are electrode terminals that connect the cathode and anode to allow electricity to flow in and out externally. Lead tabs are known as essential materials commonly used in next-generation secondary batteries such as lithium-sulfur and lithium-metal all-solid-state batteries.

Shinhwa IT counts domestic and international battery companies such as Kokam, Enertech, and Rootjade among its major clients. Recently, it signed a business agreement with the US Nasdaq-listed battery manufacturing startup ENOVIX for the development and supply of next-generation silicon battery materials. ENOVIX, which signed the MOU with Shinhwa IT, is a promising next-generation battery company that went public on the Nasdaq market in July through a SPAC merger.

The US economic media outlet Business Insider evaluated ENOVIX as a leading secondary battery company driving the ‘future electric vehicle revolution’ selected by global venture capitalists. It reported that ENOVIX has increased the energy density of conventional lithium-ion batteries up to twice by utilizing its core technology, ‘3D Cell Architecture.’

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