UPDATED. 2024-06-12 20:04 (수)
Third Chinese battery equipment maker sets up shop in South Korea
Third Chinese battery equipment maker sets up shop in South Korea
  • Stan Lee
  • 승인 2023.03.29 17:19
  • 댓글 0
이 기사를 공유합니다

Lyric Robot
Company known for supplying kits to ATL
Image: Lyric Robot
Image: Lyric Robot

A third Chinese battery equipment maker has set up a subsidiary in South Korea in a bid to win local battery makers Samsung SDI, LG Energy Solution and SK On as customers, TheElec has learned.

Huizhou-based Lyric Robot will set up its office in Dongtan, Gyeonggi Province this month, sources said.

The company’s equipment were already going through a performance review by a South Korean battery maker, they added.

Lyric Robot was founded in 2021 and listed on the Shanghai STAR exchange in 2021. The company’s main product is formation and assembly equipment.

It gained notice for large supply deals it won from Chinese battery maker ATL, which supplies batteries to Apple and Samsung for smartphones.

Last year, the company recorded 1.254 billion yuan in revenue and 79.23 million yuan in operating income. It already has local offices in Germany, Switzerland, Poland, the US and Canada.

Lyric Robot was also in talks with South Korean equipment makers to set up joint ventures.

A source within the company said the Chinese company plans to collaborate with South Korean companies to expand into Europe and North America.

Besides joint ventures, it is also discussing potentially building equipment factories, they added.

The most active Chinese battery equipment maker in South Korea is Zhejiang Hangke.

It won big deals from SK On last year of a combined worth of 730 million yuan; Hangke will be supplying kits to Yancheng and Ivancsa, Hungary, for the Korean battery maker.

It also won a supply deal from BlueOval SK, SK On’s joint venture with Ford, for its factories in the US.

Hangke is planning to form a joint venture called HK power with a local company this year to better cater to SK On’s needs. Lead Intelligence also has an office in South Korea.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr