DA Technology to More Than Double CAPA Expansion "Responding to Large-Scale Orders This Year"

DA Technology announced on the 27th that it is accelerating the expansion of its production capacity (CAPA) due to the increased demand for secondary battery equipment.

Following last year's order performance, DA Technology expects to secure orders worth approximately 150 billion KRW this year as well. This represents about a 1.5-fold growth compared to the previous year. The company anticipates continuous demand for key equipment to expand new lines at overseas sites due to the solo and joint investments by domestic and international battery cell manufacturers.

DA Technology secured orders worth over 100 billion KRW last year based on a single sales and supply contract disclosure.

LG Energy Solution plans to increase its investment by more than 50% from 6.3 trillion KRW last year to expand its global production facilities. In particular, it recently placed an order for the construction of a small battery plant at its Nanjing factory in China and is proceeding with the establishment of new production lines. It is also reported that NextStar Energy, a joint venture with Stellantis for electric vehicle batteries, has begun construction of battery module and cell production plants in Ontario, Canada, indicating smooth progress in building global production lines. As a result, demand for battery equipment used in automated cell manufacturing lines is also expected to increase.

DA Technology possesses specialized technology for notching equipment that separates the anode and cathode of electrodes using presses and lasers, stacking equipment, and cylindrical assembly equipment. Based on this, the company has built trust in its technology from domestic global conglomerates and overseas automobile manufacturers. It is expected to continue to directly benefit from LG Energy Solution’s global factory expansions this year.

A company representative explained, “We have been promoting our secondary battery business based on a ‘pre-order, then expand’ strategy, where we secure orders for secondary battery equipment first and then increase production facilities and infrastructure. The large-scale orders secured last year can be handled through full operation of existing factories, but since there are orders scheduled for this year as well, we are proactively accelerating the expansion of production CAPA.”

They added, “We are reviewing various response measures, including seeking strategic partnerships with new collaborators and securing additional sites, so we expect to more than double our CAPA within the year. We are also focusing on accelerating new battery manufacturing equipment orders and securing specialized R&D personnel for research and development.”

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