Lotte Energy Materials Enters Next-Generation Anode Market... French Company Equity Investment

Investment of 7.9 Billion KRW in Lotte Energy Materials Fund
Goal to Mass Produce High-Performance Silicon Anode Materials
2.5t Pilot Line... Commercial Production in 2027

Lotte Energy Materials has entered the next-generation anode material market by securing shares in a French battery silicon anode material technology company.

On the 16th, Lotte Energy Materials announced that it will form a fund with Lotte Ventures and Lotte Energy Materials Fund and invest 7.9 billion KRW as investment and operating funds for a demo plant in the French startup Enwires.

On the 14th, Kim Yeonseop, CEO of Lotte Energy Materials, held a share investment contract signing ceremony at the Lotte Ventures headquarters in Gangnam-gu, Seoul, attended by key stakeholders including Jeon Youngmin, CEO of Lotte Ventures, and the CEO of Enwires. This contract is part of the 'Next-Generation Battery Material Development,' one of the four core growth strategies announced at the press conference on the 4th.

Enwires is a company that possesses differentiated technology related to next-generation anode materials, specifically silicon composites. This technology offers high energy density, which can increase electric vehicle driving range and reduce charging time. Additionally, since it can use existing graphite as raw material, it has secured excellent productivity and cost competitiveness, explained Lotte Energy Materials. Currently, it operates a pilot line with an annual capacity of 2.5 tons. Production volume will be expanded to full-scale commercial mass production starting in 2027.

On the 14th, (from right) Kim Yeonseop, CEO of Lotte Energy Materials, Jeon Youngmin, CEO of Lotte Ventures, and the CEO of N-Wires held a share investment signing ceremony at the Lotte Ventures headquarters in Gangnam-gu, Seoul, and took a commemorative photo.
[Photo by Lotte Energy Materials]

Silicon anode materials have recently attracted attention in the battery industry as next-generation battery materials to replace graphite-based anode materials, leading to increased investment and research and development. Based on this equity investment, Lotte Energy Materials aims to mass-produce high-performance silicon anode materials through joint development of silicon composites (Si-C series) with Enwires.

CEO Kim said, "By investing in companies that possess next-generation anode material technology, we will expand the new battery materials business and create synergy effects with the high-end copper foil business. We will continue to collaborate with global battery companies and conduct various research and development for future businesses to enter the anode material market."

Earlier, on the 4th, Lotte Energy Materials held a press conference at a hotel in Songpa-gu, Seoul, to explain its business vision and growth strategy. At this event, it announced four core growth strategies for timely market preemption: ▲high-end super-gap technology ▲global base expansion ▲synergy with Lotte Chemical Group ▲next-generation battery material development. Through this, it emphasized its goal to become the world's number one high-end copper foil company with an order backlog target of 15 trillion KRW this year and 20 trillion KRW by 2025.

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