HiSonic Enters Secondary Battery New Business... "Establishing Overseas Joint Venture, Securing Growth Engine"

HiSonic announced on the 19th that it will enter the secondary battery new business sector with the goal of securing new growth engines based on improving profitability in its existing IT business division through business normalization. The secondary battery business promoted by HiSonic focuses on supplying automation equipment to produce key components that enhance battery safety and secondary battery parts.

To promote this secondary battery new business, HiSonic added the following business purposes at the regular shareholders' meeting in March: ▲components and materials related to secondary batteries ▲components and materials related to electric vehicles ▲components and materials related to fuel cells. The secondary battery new business is overseen by CEO Kim Chan-jong.

HiSonic is currently pursuing the establishment of joint ventures with overseas secondary battery parts companies to secure competitiveness in the secondary battery-centered new business. The overseas parts companies under discussion for joint venture establishment possess a diverse portfolio of secondary battery parts and are known to have secured global infrastructure in countries such as Mexico and Vietnam.

Through joint ventures with overseas secondary battery parts companies, HiSonic plans to establish factories for secondary battery automation equipment and parts in Korea and expand the new business. The ultimate goal is to build an assembly plant for secondary batteries in the United States, assembling finished products from parts produced domestically in Korea and supplying them in the U.S. market.

Going forward, HiSonic intends to operate based on two business portfolios: the existing IT parts business division and the new secondary battery key parts and equipment business division. The company explained that it will establish a framework for continuous growth through the promising secondary battery new business, supported by stable performance in its core business.

A HiSonic official stated, “After the change of the largest shareholder and the complete replacement of the management team, securing new growth engines is key to the company’s growth, so we have been reviewing the secondary battery new business for a long time.” He added, “We decided to newly enter the secondary battery equipment and parts business because we judged that there is sufficient business potential if we establish global competitiveness through joint ventures with overseas companies and ultimately sell secondary battery parts produced domestically in Korea to the U.S. market.”

He continued, “CEO Kim Chan-jong is well-suited for the secondary battery business, having experience managing procurement at a leading domestic secondary battery company and possessing a solid network in the related field.” He emphasized, “We have additionally recruited external experts in the secondary battery equipment field as executives and have completed setting up a dedicated department consisting of six personnel.”

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