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Lotte Energy Materials Makes Strategic Investment in French EV Battery Startup

Lotte Energy Materials Makes Strategic Investment in French EV Battery Startup

On July 16, Lotte Energy Materials announced its equity investment agreement with Enwires, a French startup specializing in silicon anodes for batteries. 

Lotte Energy Materials will contribute KRW 7.9 Bn (USD 6.2 M) for the operation of a demonstration plant, obtaining an equity stake in Enwires. This investment marks Lotte Energy Materials' entry into the next-generation silicon anode market.

Enwires, founded in 2016, possesses unique technology related to silicon composites, a next-generation anode material. By utilizing existing graphite as a raw material, their technology enhances driving range and reduces charging time through high energy density. Currently, Enwires operates a pilot line with an annual production capacity of 2.5 tons and plans to expand to commercial-scale production by 2027.

Through this equity investment, Lotte Energy Materials aims to achieve mass production of high-performance silicon anodes through collaborative development of silicon composite materials (Si-C series) with Enwires.

 

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