EV Advanced Materials: "Securing Leadership in Large-Area FPCB Market for EV Batteries with Second Plant in Vietnam"

EV Advanced Materials announced on the 25th that it has signed a land purchase agreement for approximately 9,000 pyeong within Ba Thien 2 Industrial Complex in Phu Tho Province, near Hanoi, Vietnam, to establish an additional production base.

According to the company, the total investment amounts to 28 billion KRW. The company plans to complete construction of the plant in early 2027 and begin full-scale mass production in the second half of the same year.

A company representative stated, "The current production line environment only allows for the production of FPCBs (Flexible Printed Circuit Boards) under 750mm. In response to the trend of customer product size changes, it is essential to secure a production line for large-area FPCBs of over 1 meter in order to enter the high-capacity battery market for secondary batteries, including the ESS (Energy Storage System) market, where demand is expected."

The representative added, "We are pursuing a strategy to go beyond being a simple materials company and position ourselves as a key member of the core supply chain in the next-generation electric vehicle and battery industries. At the same time, at the group level, we are establishing concrete standards for sustainable growth and responsible management by ensuring the independence of the board of directors, strengthening the ESG (Environmental, Social, and Governance) management system, and implementing transparent and accountable management practices."

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