Yujin Technology was developing battery notching and stacking equipment, TheElec has learned.
It marks the company’s entry into the battery production equipment business, as it has only offered components and materials for batteries so far.
Notching is used to make the positive and negative tabs of the batteries and stacking is done to stack battery materials before encasing them.
Yujin Technology has made molded used in pressing equipment in the past.
Supplying customers with these molds and the notching equipment that uses them will allow it to expand its revenue. These molds also need to be replaced periodically.
Last year, the company collaborated with JI Tech to make press notching equipment together for DE&T. Yujin Technology provided the mold.
It will likely provide its first equipment to JR Energy Solution, which it is a strategic investor in with 1 billion won.
JR Energy Solution is a contract battery maker and provides the anode and cathode for customers through its factory at Eumseong, South Korea. It is planning to make cells in the second half of the year. Yujin Technology is expected to supply the notching equipment and its mold for JR Energy Solution’s pilot line that will manufacture cells.
Other investors in JR Energy Solution include PNT, Yunsung F&C, and Enchem.
