Geumyang Builds 'K-Network' for Battery Entry into US and Gulf Markets

Declaration as a Global Hub for K-Battery Exports
Operating a Marketing Pavilion at 'InterBattery 2025'
Focusing on the Secondary Battery Market for Growth and Expansion

Battery manufacturer Geumyang (Chairman Ryu Kwang-ji) has begun building a business network to accelerate the entry of K-batteries into the U.S. and Gulf regions.

Geumyang announced on the 31st that it will establish the "Geumyang Global Marketing Pavilion" at InterBattery 2025, held at COEX in Seoul from March 5 to 7, to create a "K-Battery Business Network" for efficient contract execution with overseas companies.

At this venue, domestic technology companies related to ESS, UPS, and PACKSYSTEM sectors will conduct business partnership consultations for joint entry into the U.S. and Gulf regions such as Saudi Arabia.

Perspective view of the 'Geumyang Global Marketing Promotion Center' to be established at InterBattery 2025.

Following a KRW 2.3 trillion battery supply contract with U.S. company Nanotech Energy in September last year, Geumyang achieved further success in December by agreeing on ESS 4695 cylindrical battery module supply, maintenance contracts, and joint venture establishment with Saudi GCC (Gulf Cooperation Council) LAB.

Leveraging the advantages of its in-house produced cylindrical batteries known for versatility and compatibility, Geumyang is targeting the U.S. and Saudi markets. It plans to build a global entry cooperation system that maximizes mutual synergy effects through technical alliances and strategic partnerships with domestic ESS (Energy Storage System) and UPS (Uninterruptible Power Supply) companies. This positions Geumyang as a global hub company for K-batteries.

On September 19 last year, Geumyang signed a six-year KRW 2.3 trillion cylindrical battery distribution supply contract with Nanotech Energy, and on December 4, it received a confirmed purchase order for 2025 based on phased ordering plans.

According to the purchase order, Geumyang’s versatile and cost-effective cylindrical batteries will be applied to UPS and ESS sectors showing continuous growth potential and supplied to related U.S. institutions and defense contractors.

Geumyang plans to establish advanced battery packaging solutions to meet the increasing demand for high-quality battery packs in the Gulf region, including Saudi Arabia, through GCC LAB. This will enable joint responses to future eco-friendly energy development projects such as UPS, ESS, EV, and drone applications.

Geumyang has already agreed to design, construct, and establish a fully automated battery packaging manufacturing facility in Saudi Arabia and is currently advancing the project. Based on contracts with U.S. Nanotech Energy and Saudi GCC LAB, Geumyang aims to strengthen global competitiveness through technical and strategic alliances with domestic companies possessing ESS, UPS, and pack system technologies that will equip batteries produced in-house.

Additionally, Geumyang is seeking alliances with domestic pack companies to target the electric two-wheeler markets in Indonesia, India, and Southeast Asia, which are currently active. The electric scooter market is rapidly growing worldwide and is recognized as a sustainable mobility solution.

Geumyang stated, “We are closely monitoring the global battery market trends and the global secondary battery market, which has contracted due to the ‘electric vehicle chasm.’ We aim to find new opportunities in the global battery market by focusing on high-growth and scalable sectors such as ESS, UPS, and e-SCOOTER, and grow as a global hub company in the K-battery industry.”

Chairman Ryu Gwang-ji of Geumyang, who reached an agreement last December with the Saudi GCC LAB representative on the supply and maintenance contract for ESS 4695 cylindrical battery modules and the establishment of a joint venture.

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