Expanding the Overseas Gigafactory Market Through a Capital Partnership with KUMYOUNG ENG CO., LTD.
First written in FY2024-H1. 1 of 2 entries say "Advanced", first in FY2024. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「Established Seibu Giken & Kumyoung Environment, Inc., a joint venture with KUMYOUNG ENG CO., LTD., in Georgia, United States (80.0% owned; consolidated subsidiary).」
A joint venture was established in Georgia, United States, in October 2024 following the capital alliance with KUMYOUNG ENG CO., LTD., providing a concrete organizational base for expansion into overseas gigafactory markets. - FY2024-H1First statedAnnual report
「At a Board of Directors meeting held on 20 May 2024, the Company resolved to enter into a capital alliance with KUMYOUNG ENG CO., LTD. by signing a share transfer agreement with the company's shareholders to acquire 5% of its issued shares through a share transfer. The agreement was completed on 17 June 2024. The Company expects the alliance to further strengthen its partnership with KUMYOUNG ENG CO., LTD. and enable it to expand its share of overseas markets for lithium-ion batteries used in gigafactories.」
The disclosure describes the capital alliance to acquire 5% of the issued shares of Korea's KUMYOUNG ENG CO., LTD., including the Board resolution and completion of the agreement on 17 June 2024. The purpose is to expand the overseas market share of lithium-ion batteries for gigafactories.