HS Hyosung Energy Solutions Korea has signed an investment agreement worth approximately ¥1.2 trillion to build a new silicon anode material production plant in Ulsan. The plant is expected to become a production hub for key materials used in next-generation batteries.
HS Hyosung Energy Solutions Korea and the mayor of Ulsan signed an agreement in Ulsan, and the company announced plans to build a new silicon anode material production plant. The investment is expected to total ¥1.2 trillion, and the company indicated its intention to develop the business in cooperation with the local community.
The new plant is expected to serve as a production hub for key materials used in next-generation batteries. The company explained that, over the long term, it plans to expand the business alongside the growth of the region.
The ceremony was held in the reception room at Ulsan City Hall, where the mayor of Ulsan and a representative of HS Hyosung Energy Solutions Korea signed the investment agreement.