[Asia Economy Reporter Jang Hyowon] Hansong Neotek is showing strong performance following news that its subsidiary is negotiating the supply of lead tabs with the US company Nanotech Energy.


As of 10:44 AM on the 18th, Hansong Neotek is trading at 1,815 KRW, up 7.1% from the previous trading day.


Hansong Neotek announced that its secondary battery material specialist subsidiary, Sinhwa IT, is negotiating the supply of explosion-proof battery lead tabs with Nanotech Energy, a US-based graphene-based secondary battery specialist company.


Nanotech Energy is the only company in the world producing non-flammable graphene batteries based on the dream new material "graphene." Nanotech Energy's batteries boast over 1,400 charge-discharge cycles, about three times more than conventional lithium-ion batteries, and maintain performance without degradation even under extreme climate conditions.



A Hansong Neotek official stated, "Nanotech Energy's non-flammable graphene batteries could be a fundamental solution to the explosion issues of electric vehicle batteries," adding, "Nanotech Energy is currently negotiating battery supply and plans to operate a large-scale battery factory in Nevada, USA, so Sinhwa IT is expected to benefit in the mid to long term."


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

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