HS Hysol Energy Solutions Korea announced on September 14 that it has signed a memorandum of understanding (MOU) to establish a silicon anode production facility at Ulsan City Hall.
Under the agreement, HS Hysol Energy Solutions Korea plans to invest 1.2 trillion won in the Ulsan-Mipo National Industrial Complex by 2030 to set up a mass production system for silicon anodes.
Silicon anodes are gaining attention as a key material for next-generation electric vehicle batteries due to their higher energy density and improved fast-charging capabilities compared to traditional graphite anodes.
In the first phase, the company will invest 300 billion won to complete a plant with an annual capacity of 5,000 tons by the first quarter of 2028. The second phase will involve an additional investment of 300 billion won to build another plant of the same capacity between the first quarter of 2028 and the third quarter of 2029. In the third phase, 600 billion won will be invested to establish a plant with an annual capacity of 10,000 tons from the first quarter of 2029 to the third quarter of 2030.
HS Hysol Energy Solutions Korea aims to prioritize hiring local residents during the establishment and operation of the facility, contributing to job creation and economic revitalization in the Ulsan area.
The Ulsan city government plans to work closely with the company to ensure the investment proceeds smoothly and becomes firmly established in the region, providing various administrative support and permits.
Lee Gi-soo, CEO of HS Hysol Energy Solutions Korea, stated, "This investment will contribute to nurturing next-generation battery materials as a national strategic business. By selecting Ulsan, the birthplace of the Hysol Group, as our first investment site, we aim to become an advanced materials company that grows together with the community."
Ulsan Mayor Kim Sang-wook remarked, "This will be an opportunity for Ulsan to lead the global supply chain in next-generation battery materials, and we will spare no administrative support."
HS Hysol Energy Solutions Korea is a joint venture established by the HS Hysol Group and the global company Umicore, based in Belgium, to enter the silicon anode business.
* This article has been translated by AI.
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