Kumyang is preparing for the expansion of the demand for key components of automobile batteries, i.e., rechargeable/secondary battery materials, as a new-growth business by building processing facilities and receiving approvals for related products from our corporate customers.
The business of ultra-precision processing of lithium hydroxide, a key raw material for cathode materials, which accounts for 40% of the manufacturing costs of secondary batteries, suitable for electric vehicles.
The next-generation batteries, NCMA-based secondary or rechargeable batteries, significantly increase the driving range of electric vehicles, compared to the existing NCM-based (nickel, cobalt, manganese) batteries.
Special cathode materials that improve the range of electric vehicles improve the electric energy efficiency of next-generation high nickel-based secondary batteries.